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BY:
MOLLSHREE
NIILM-CMS
STUDY ON ATTRITION AND
RETENTION STRATEGIES
28-09-2012
Outline of The Presentation
28-09-2012
ATTRITION AND ITS TYPES
 Good Attrition
Bad Attrition
Market Driven Attrition
Workload or Stress
Driven Attrition
Process Driven Attrition
28-09-2012
RETENTION
EXECUTIVE
SUPPORT
SUPERVISOR SKILL
&
ACCOUNTABILITY
A HIGH
RETENTION
ORGANISATION
TEAM MEMBER
INVOLVEMENT
28-09-2012
“OUR ASSEST WALK
OUT OF THE DOOR
EACH EVENING.WE
HAVE TO MAKE SURE
THAT THEY COME
BACK THE NEXT
MORNING “
--- NARAYAN A MURTHY
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
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%
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
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
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
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
28-09-2012
BOM
Month Nos Attrition %
Mar-11
37 1.29
Apr-11
31 1.09
May-11
29 1.03
Jun-11
32 1.15
Jul-11
30 1.08
Aug-11
24 0.8
Sep-11
20 0.73
Oct-11
25 0.91
Nov-11
15 0.55
Dec-11
15 0.55
Jan-12
21 0.77
Feb-12
17 0.63
Mar-12
26 0.97
37
31
29
32
30
24
20
25
15
15
21
17
26
1.29
1.09
1.03
1.15
1.08
0.8
0.73
0.91
0.55 0.55
0.77
0.63
0.97
0
0.2
0.4
0.6
0.8
1
1.2
1.4
0
5
10
15
20
25
30
35
40
Mar/11Apr/11May/11Jun/11 Jul/11Aug/11Sep/11Oct/11Nov/11Dec/11Jan/12Feb/12Mar/12
Nos Attrition %
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
Data Interpretations and Analysis
STRONGLY
AGREE
46%
AGREE
47%
NEUTRAL
5%
DISAGREE
2%
STRONGLY
DISAGREE
0%
Other
2%
PHYSICAL WORKING
CONDITIONS STRONGLY
AGREE
28%
AGREE
46%
NEUTRAL
25%
DISAGREE
1%
STRONGLY
DISAGREE
0%
INDIVIDUAL DIFFRENCES
STRONGLY
AGREE
38%
AGREE
50%
NEUTRAL
10%
DISAGREE
2%
STRONGLY
DISAGREE
0%
Other
2%
JOB SECURITY
STRONGLY
AGREE
34%
AGREE
47%
NEUTRAL
19%
DISAGREE
0%
STRONGLY
DISAGREE
0%
IMPORTANT ASSET
28-09-2012
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
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
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
Data Analysis and Findings
28-09-2012
0%
20%
40%
60%
80%
100%
46%
28%
38% 34% 38%
51%
28%
33%
41%
26% 29%
42% 46%
47%
46%
50%
47% 43%
40%
53%
58%
52%
50%
52%
44%
47%
5%
25%
10%
19% 17%
7%
17%
9% 7%
22% 16% 10%
5%
2% 1% 2% 0% 2% 2% 2% 0% 0% 2% 3% 4% 2%
STRONGLY DISAGREE
DISAGREE
NEUTRAL
AGREE
STRONGLY AGREE
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
 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
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
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
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
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
Critical FindingIt Costs Much More to
Replace Employees Than to
Keep Them
28-09-2012
28-09-2012

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ARISTOS MOLLSHREE NIILM - CMS

  • 1. BY: MOLLSHREE NIILM-CMS STUDY ON ATTRITION AND RETENTION STRATEGIES 28-09-2012
  • 2. Outline of The Presentation 28-09-2012
  • 3. ATTRITION AND ITS TYPES  Good Attrition Bad Attrition Market Driven Attrition Workload or Stress Driven Attrition Process Driven Attrition 28-09-2012
  • 4. RETENTION EXECUTIVE SUPPORT SUPERVISOR SKILL & ACCOUNTABILITY A HIGH RETENTION ORGANISATION TEAM MEMBER INVOLVEMENT 28-09-2012 “OUR ASSEST WALK OUT OF THE DOOR EACH EVENING.WE HAVE TO MAKE SURE THAT THEY COME BACK THE NEXT MORNING “ --- NARAYAN A MURTHY
  • 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
  • 11. 28-09-2012 BOM Month Nos Attrition % Mar-11 37 1.29 Apr-11 31 1.09 May-11 29 1.03 Jun-11 32 1.15 Jul-11 30 1.08 Aug-11 24 0.8 Sep-11 20 0.73 Oct-11 25 0.91 Nov-11 15 0.55 Dec-11 15 0.55 Jan-12 21 0.77 Feb-12 17 0.63 Mar-12 26 0.97 37 31 29 32 30 24 20 25 15 15 21 17 26 1.29 1.09 1.03 1.15 1.08 0.8 0.73 0.91 0.55 0.55 0.77 0.63 0.97 0 0.2 0.4 0.6 0.8 1 1.2 1.4 0 5 10 15 20 25 30 35 40 Mar/11Apr/11May/11Jun/11 Jul/11Aug/11Sep/11Oct/11Nov/11Dec/11Jan/12Feb/12Mar/12 Nos Attrition %
  • 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
  • 13. Data Interpretations and Analysis STRONGLY AGREE 46% AGREE 47% NEUTRAL 5% DISAGREE 2% STRONGLY DISAGREE 0% Other 2% PHYSICAL WORKING CONDITIONS STRONGLY AGREE 28% AGREE 46% NEUTRAL 25% DISAGREE 1% STRONGLY DISAGREE 0% INDIVIDUAL DIFFRENCES STRONGLY AGREE 38% AGREE 50% NEUTRAL 10% DISAGREE 2% STRONGLY DISAGREE 0% Other 2% JOB SECURITY STRONGLY AGREE 34% AGREE 47% NEUTRAL 19% DISAGREE 0% STRONGLY DISAGREE 0% IMPORTANT ASSET 28-09-2012
  • 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
  • 17. Data Analysis and Findings 28-09-2012 0% 20% 40% 60% 80% 100% 46% 28% 38% 34% 38% 51% 28% 33% 41% 26% 29% 42% 46% 47% 46% 50% 47% 43% 40% 53% 58% 52% 50% 52% 44% 47% 5% 25% 10% 19% 17% 7% 17% 9% 7% 22% 16% 10% 5% 2% 1% 2% 0% 2% 2% 2% 0% 0% 2% 3% 4% 2% STRONGLY DISAGREE DISAGREE NEUTRAL AGREE STRONGLY AGREE
  • 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
  • 24. Critical FindingIt Costs Much More to Replace Employees Than to Keep Them 28-09-2012