5. Literature Review
28-09-2012
Abbassi and Hollman (2000):
It was found that excessive
turnover gave rise to far
reaching consequences, even
to the extent that undermine
efforts to achieve
organizational goals.
Also when an organization
loses a critical employee,
there is a negative impact on
innovation and long delays in
delivering services to
customers, thus affecting the
profitability of the
organization
6. Literature Review
28-09-2012
Blankertz and Robinson (1996):
Employees with high job satisfaction
are highly motivated and have little
desire to leave their jobs.
The productivity of staff motivation and
retention of staff performance can be
attributed to factors such as wages and
competitive benefits, good working
conditions, advancement and growth
opportunities, etc.
Understanding the various aspects of
the work, which may increase the
satisfaction, or at least reduce the
discontent is the first step towards
developing a strategy for retaining
qualified staff.
Mercer Human resources
consulting (2004): Mercer’s 5
key factors influencing
commitment and motivation
were:
Being treated with
respect - 85%,
Work/life balance - 79%,
Providing good service to
others - 74%,
Quality of work
colleagues - 74%,
Type of work - 73%
7. RESEARCH OBJECTIVES
28-09-2012
To analyse the various causes of
Attrition at Moser Baer India Limited
To study the effectiveness of Retention
Strategies being used at Moser Baer India
Limited
To examine the satisfaction level of
employees at Moser Baer India Limited
8. RESEARCH METHODOLOGY
28-09-2012
Sampling: Simple Random
Sampling
Mode of Survey: Questionnaire (Open &
Close Ended Questions)
Selection of Variables: Those which
directly or indirectly affect the Rate of
Attrition and Satisfaction Level of
Employees
Sample Size: 60
9. RESEARCH METHODOLOGY
28-09-2012
Variables to understand the satisfaction level of
existing employees in MBIL were primary, and
statistical data provided by MBIL employees and
were divided into three basic areas:
1) Designation (Up to Sr. Engg and AM & above)
2) Age (25-33 years and 34- 54 years)
3) Work Experience at MBIL (1-2 years and >3 years)
Variables to understand the causes of attrition and
exit in MBIL were secondary and statistical data
provided by MBIL were divided into three basic areas:
1) Designation 2) Tenure 3) Departmental
10. Causes of Attrition at MBIL
Monetary factors
Stress From Overwork and Work -Life
Imbalance
No Flexible work schedule
Increase in favoritisms
Too Little Coaching and Feedback
28-09-2012
12. Retention Strategies at MBIL
28-09-2012
Key Resources Scheme
Fast Track Schemes
Internal Job Postings
Rewards and Recognition
Schemes
Happy/Sad occasions
Wedding Gifts with Congratulations
letter
Family Visit to Plants
Family Health Check Up Camps
Family Get- Together
14. Data Interpretations and Analysis
STRONGLY
AGREE
38%
AGREE
43% NEUTRAL
17%
DISAGREE
2%
STRONGLY
DISAGREE
0%
Other
2%
PROFESSIONAL CODE OF
CONDUCT
STRONGLY
AGREE
51%
AGREE
40%
NEUTRAL
7%
DISAGREE
2%
STRONGLY
DISAGREE
0%
PRIDE IN WORK
STRONGLY
AGREE
28%
AGREE
53%
NEUTRAL
17%
DISAGREE
2%
STRONGLY
DISAGREE
0%
INNOVATION
STRONGLY
AGREE
33%
AGREE
58%
NEUTRAL
9%
DISAGREE
0%
STRONGLY
DISAGREE
0%
TRANSPARENCY
28-09-2012
15. Data Interpretations and Analysis
STRONGLY
AGREE
33%
AGREE
58%
NEUTRAL
9%
DISAGREE
0%
STRONGLY
DISAGREE
0%
ENOUGH R & R
STRONGLY
AGREE
41%
AGREE
52%
NEUTRAL
7%
DISAGREE
0%
STRONGLY
DISAGREE
0%
FAMILIARITY WITH JOB
STRONGLY
AGREE
26%
AGREE
50%
NEUTRAL
22% DISAGREE
2%
STRONGLY
DISAGREE
0%
Other
2%
REJOIN THE COMPANY
STRONGLY
AGREE
29%
AGREE
52%
NEUTRAL
16%
DISAGREE
3%
STRONGLY
DISAGREE
0%
T & D
28-09-2012
16. Data Interpretations and Analysis
STRONGLY
AGREE
42%
AGREE
44%
NEUTRAL
10%
DISAGREE
4%
STRONGLY
DISAGREE
0%
ACCESSIBILITY
YES,
ALWAYS
70%
SOMETIMES
28%
NO, NEVER
2%
MANAGEMENT RESPONSE
Your Team
Leader
32%
Work
Environment
35%
Your Colleagues
8%
Nature of
Work
15%
Interactions with
your top
management
10%Other
25%
MOTIVATIONAL FACTOR
28-09-2012
18. CONCLUSION
To increase the satisfaction, or at
least reduce the discontent
Likes and Dislikes of the
employees and their working
conditions
Improve employee satisfaction in
tandem with personnel problems
Satisfaction leading to
“RETENTION”
28-09-2012
19. The study can be further
extended to the industries in
vicinity
The study can be extended
to more time duration to get
the pattern of changes in
employees behavior
The study can focus on
demographics like gender to get
more clarity
Limitations and Future Road Map
29-08-2016
Subjected to bias and
prejudice of the
respondents
Area of the study is
confined to the
employees of Moser Baer
Greater Noida plant only
Time factor can be
considered as a main
limitation
20. Practical Implications
The main purpose of this Satisfaction Survey was to
further improve upon the areas in which the
company was lacking.
My Study contributed to the organization in
following ways:
More focus on Individual Training &
Development for the growth of the Employee
More Transparency in the performance
Appraisal Process is required
It also helped MBIL to continue with the
same strategies in terms of facilities, support
and work environment
28-09-2012
21. RECOMMENDATIONS
Give regular feedbacks on employee performance
Flexibility in terms of WORK-LIFE Balance
Behavioural Training for Shop Floor Workers
Interactions with Top Management
Knowledge Sharing Meeting by respective departments
and their HOD’s
Stay interviews and Informal Exit interviews
28-09-2012
22. Additional Responsibilities
28-09-2012
Handled the Summer Training MIS at MBIL
for two months
Compiled the Training Feedback Forms after
conduction of the Training Programs
Assisted in the process of Joining of
Apprentices
Procedure of Grievance Handling and
Misconduct
23. LEARNINGS
• Patience
• Self Discipline
• Commitment and Enthusiasm
• Importance of Each Work
PERSONAL
• Professional Code of Conduct
• Punctuality and Sincerity
• Clarity and Transparency in Work Done
PROFESSIONAL
28-09-2012