1010 Project Report
1010 Project Report
1010 Project Report
EMPLOYER BRANDING
Submitted by
<Student’s Name>
Reg. N o: 00000000
Under the guidance of
<Guide’s Name>
Guide Reg No: 00000000
XXXXX UNIVERSITY
<MONTH> & <YEAR>
1
Abstract
2
BONAFIDE CERTIFICATE
Certified that this project report titled “……A STUDY OF EXIT INTERVIEW IN
RELATION TO EMPLOYER BRANDING…..” is the bonafide work of “………..
……..<NAME OF THE CANDIDATE(S)>.…………” who carried out the project work
under my supervision in the partial fulfillment of the requirements for the award of the MBA
degree.
SIGNATURE
3
DECLARATION BY THE STUDENT
I also declare that this project report is my original work and has not been previously
submitted for the award of any Degree, Diploma, Fellowship, or other similar titles.
Signature
<Name of Student>
Reg. No. : <Reg. No>
Place: <City>
Date: <Date>
.
4
CONTENTS
PAGE NO.
CHAPTER TITLE
NO.
1 INTRODUCTION
1.1 Introduction 1
1.7 Chapterization 5
2 ORGANIZATIONAL PROFILE
6
2.1 Organizational profile 10
2.2 Review of related literature
3 RESEARCH METHODOLOGY
3.1 Statement of the problem 16
3.2 Objectives of the study 16
3.3 Research design 16
3.4 Sampling 17
3.5 Data collection 17
3.6 Tools of analysis 18
3.7 Limitations of the study 18
4 ANALYSIS
19
4.1 Analysis-I
5
4.2 Analysis-II 63
6 CONCLUSION
79
6.1 Conclusion
80
6.2 Annexure and Appendices
82
6.3 Bibliography
6
1.1 Introduction:
7
1.2 Relevance of project to MBA:
This project explains about how the exit interview can effectively be used to
understand the concept of employer branding which has attracted much focus in today’s
scenario. Exit interview is a diagnostic tool for an organization to know about itself from
the exiting employees using exit interview forms. Above all employer branding is a very
good tool for attracting and retaining the employees in an organization which is deemed
to be a nagging source of worry for every organization. The companies that want to
strengthen their brand need to listen to its employees.
The researcher being a HR student it will be of much use to her to know how to
tactically use employer branding to attract and retain the talent within the company and
would give insight to her of how to project a right image about the company to its
stakeholders. Given the multidisciplinary nature of the projects, one will be able to gain
knowledge, skills and experience highly sought but the global corporations. This project
titled “A study on exit interview as a strategic tool for employer branding in RANE
Mumbai Ltd (RML)” was done as a partial fulfillment of the course curriculum of the
researcher doing MBA.
8
With talent becoming increasingly scarce, companies are evaluating their resource
requirements and following a long term approach to secure competent employees. This
includes establishing an employer brand in the labour market. The strategies for effective
employer brand include investing in talent, just as they would invest in any valuable
corporate tangible asset-by providing varied motivational factors. A long term approach
also includes systems to monitor the needs of the employees to ensure that HR policies
continue to reflect and recognize employee goals. And exit interview is a strategic tool
for an organization to know what employees perceive and feel about the company. It
provides a unique chance to gather and explore the opinions of employees leaving the
organization, who generally are most honest, objective and open about sharing
information than the existing staff which is most important information needed to build a
strong employer brand.
Basically employer branding is formed by making use of the perceptions of all the
stakeholders of an organization. In an organization the existing employees can provide
the strengths of that organization whereas exiting employees are more apt to provide
weaknesses of an organization for they are out of the company’s control and their views
are free from all bias thereby forming an important step for employer branding. And exit
interview serves the company’s purpose of gathering the employee’s views and hence it
is called as a strategic tool for employer branding.
Exit interview:
As defined by Gary Dessler, Exit Interviews are interviews with employees who
are leaving the firm, conducted for the purpose of obtaining information about the job or
related matters, to give the employer an insight about the company. The prime reason of
carrying out an exit interview is to identify the reasons for which the individuals leave the
organization. Necessity for exit interviews should be only in case of voluntary
separations and not retrenchments and terminations.
9
Employer branding:
Minchington (2005) defines employer branding as “the image of the
organization as a ‘great place to work’ in the minds of current employees and key
stakeholders in the external market (active and passive candidates, clients, customers and
other key stakeholders).”An employer brand is a collection of ideas and beliefs that
influence the way current and potential employees view an organization and the
employment experience that organization is offering. It communicates the company's
culture and values and helps to ensure employees are passionate about, and fit in with, the
organizational culture to help move the company forward.
✔ This study helped the researcher in gaining knowledge about the exit
interview and employer branding about which the study was carried on.
✔ Also the project helped the researcher to get exposed to the corporate
culture and to gain a slight exposure to various HRM practices of the organization.
1.7 Chapterization:
The following are the bird’s view of the details included in the chapters of the study
Chapter-1
This chapter deals with the brief outline of the project rendering an introduction to
the topic, about the project and implications of the project.
Chapter-2
This chapter deals with the review of literature relevant to the topic and company
profile
Chapter -3
This chapter renders the methodology of the research, which includes objectives,
research design, data collection, sampling, analytical tools adopted in the study and the
limitations of the study.
Chapter-4
This chapter deals with the analysis of the data collected with the help of various
statistical tools.
Chapter-5
This chapter summarizes the entire process of the current research through a
briefing about the various findings and suggestions.
Chapter-6
This chapter gives the conclusion drawn by the researcher on the study
11
2.1 Organizational profile:
Profile:
● Inception of manufacturing facilities in the year 1960
● Strategic Technical partnerships with M/s TRW Inc, USA for Steering Gear
● Products & TRW Ehrenreich GmbH & Co., Germany for Steering Linkage
Products
● Holds major market share in India both in Manual steering gear systems &
suspension systems
Design:
● Core design philosophy of “getting it right the first time”
Manufacturing:
The production plants at Mumbai (2 plants), Chennai, Pune each address a specific
industry segment. Independent manufacturing cells produce specialized high end
components.
● Chennai plant - Light Commercial vehicle, Heavy Commercial vehicle and
Utility vehicles segments.
● Mysore plant - Tractor and Commercial vehicle segments.
12
● Uttarakhand plant - Caters specifically to the customers in the North of India.
Quality:
● IS0/TS 16949:2002 certifications for each of its manufacturing locations
● Foster employee involvement and develop a work ethos that builds dignity and
pride
HRD Organization:
HRD at RML operates at two levels
● At Group Level - Formulates policies, and designs major people development
initiatives to enhance professional capability of employees at group level
13
● At Business Unit Level - Companies implement group policies and develop Unit
specific interventions
Strategies and Initiatives at the Group level:
Specific strategies and initiatives are designed to enable actualization of HRD
Goals:
● Recruitment and Retention
- High caliber employees are recruited through well structured process
including campus recruitments of Diploma and Graduate Engineers and lateral
recruitment of experienced employees.
● Recognition and Reward
- Outstanding performance is recognized and rewarded through
comprehensive performance assessment development systems, aligned to TQM
principles and practices.
● Opportunities for Professional Growth
- Internal candidates first considered for job vacancies, thereby, providing
employees opportunity for lateral & upward growth
- Professional Knowledge and skills enhanced through continuous education
at Rane Institute for Employee Development (RIED) and other reputed academic
institutions.
Leadership Development:
- Leadership and managerial capabilities are developed through specific training
programmes, job rotation, participation in cross-functional teams etc.
Fostering Employee Involvement:
- Newsletters, contact meetings & regular communication meetings
- Open House Days and interactions with employees’ families
- Business unit specific communication processes to meet particular needs
Specific strategies and initiatives are developed and implemented in each business unit
so as to achieve HRD goals.
To develop a work ethos that will build dignity and pride in our people and enable
them experience a sense of belonging to the organization is their aim.
14
DEPARTMENTS IN RML:
● Finance
● IS (Information System)
● Production
● Marketing
● HR (Human Resource)
● QA (Quality Assurance)
President
Senior manager
Manager Middle
Assistant manager
15
Executive/ engineer Management Management
16
By documenting feedback from employees as they resign, an organization can
identify and resolve key issues that may be impacting employee retention and control
costs associated with employee turnover and training. The philosophy behind collecting
exit feedback provides existing employees with a more positive view of the organization
knowing that management is interested in uncovering concerns through a non-threatening
methodology
Source: http://www.perceptionmapping.com/Survey/Exit_Surveys_And_Feedback
Review: 2
Knowing Employees expectation: - The foundation for employer branding
When properly planned and executed, an employer branding initiative can generate lively
dialogue between an employer and its employees, build a rationale for a 'mutual working
arrangement', and establish compelling reasons to commit to the arrangement. Whatever
is a corporate or an employer, an employee expects the following from employer:-
1) Fair treatment
2) Trustful and open channeled communication
3) Ability to provide security and benefits in present and future
4) Planned and systematic career and succession planning
5) Motivating and morale building team and management
6) Smooth Disciplinary procedure and I.R
7) Employee benefit oriented culture and practices
8) Adequate talent acquisition, management, retention and utilization
9) Proper advancement and up gradation of employees
10) Participatory management
11) Industrial democracy
12) Clarity in roles and goals
13) Clearly defined authority responsibility charting
14) Timely decision making
15) Impartial , fair and growth promoting organization structure
Source: http://www.indianmba.com/Faculty_Column/FC669/fc669.html
17
Review: 3
In the present job markets, where companies compete for attracting the best of the
talent, employer brand, sometimes, becomes more relevant when compared to various
critical factors like job profile and the compensation package.
Employer brand is the image of an organization as a great place to work in the
minds of its current employees and key stakeholders. It is the development of such an
organizational culture which fosters a sense of belongingness with the company and
encourages the employees to share organization's goals for success. In short, it is the
value of the company in external marketplace. The goal of employer branding is to create
loyal customers; the customers here being the employees.
An employer brand represents the core values of an organization. Companies that
are considered good employers have a strong identity and an image in the marketplace.
Building such a brand requires a lot of introspection by the company, and answering the
questions, "what kind of company we are, and want to become?" and "how do we live up
to the expectations of our stakeholders?".
Elements of employer branding:
Simon Barrow, who is president of a successful consulting firm in London that
specializes in employer branding services describes four elements that work together to
make an employer brand.
The first element is the Employment Package which is the offer that an employee gets
including job responsibilities, financial compensation, work/life balance, the employee's
role in organization and professional development.
18
Next comes the Culture and Environment which includes the physical working
environment, the size of the organization, and the organization's approach to work. Then
there is Brand image & Reputation (i.e.) Integrity. Delivering what has been initially
committed always counts. The consequence of a lack of integrity is seen in the form of
high attrition rates. And finally Management Performance that plays as a vital role in
the Employer Branding process.
Twofold process:
Building a brand is typically a twofold process. One is for prospective employees and the
other for the current set of employees. While building brand for prospective employees,
initiatives are targeted at building repute in potential recruits about the company as a
preferred place to work. On the other hand, while building brand internally, the company
has to live up to its standards and incorporate a culture of respect and trust for employees.
Growing Significance:
It is said that an unsatisfied customer tells ten people about his experience while an
unsatisfied employee tells a hundred. Employer branding reflects the work culture in an
organization. It has become more critical in today's times, as most professionals are
looking at a stable career and establishing a long-term relationship with the company.
Research shows that employees of industrial brands feel a much greater sense of pride,
attachment and trust towards their employer. They are also significantly more likely to
recommend their company to others and claim it treats employees well. Through right
branding, the company can recruit the best talent and reinforce its positioning amongst its
employees. It helps build trust and reliability. A good employer brand makes it easy to
attract good talent and curb attrition. The strength of an organization's brand has a
significant impact on the performance of its employees. Working with one of the largest
or most innovative companies in a specific industry acts as a motivator too.
Review:4
Employer branding process:
The process of Employer branding can be summarized as following –
Step 1 Concept Phase:
19
360 degree employer brand audit to determine the strength of your current employer
brand and to determine its level of synergy with your corporate brand and business
objectives.
Step 2 DESIGN PHASE
The Design Phase is the process to formulate your employer brand strategy. It includes -
(i) Defining your Employer Value Propositions (EVP's)
(ii) Defining your EBI
The EBI is made up of two components – the Employer Brand & Employee Platform
which includes
* Recruitment & induction
* Compensation and benefits
* Career development
* Employee research
* Reward and recognition
* Communication systems
* Work environment
Employer Brand Strategic Platform
* Your firm's mission, vision & values
* Corporate Social Responsibility (CSR)
* Leadership
* Corporate reputation and culture
* People management policies and practices
* Performance management
* Innovation
iii) The Corporate brand- the employer branding process and procedures should be
aimed towards corporate branding so that betterment could be created not only among
internal customers but also among external customers and all stakeholders.
iv) Market forces - Employer branding process and techniques should be aimed towards
building a positive image of the organization in external and internal environment
equally.
STEP 3 - INTEGRATION PHASE
20
These may include:
* Career website * Company intranet
* Careers fair brochures *Company newsletters
* Policy and procedures templates * Sponsorship
* Recruitment advertising
STEP 4 - EVALUATION PHASE
The Evaluation Phase involves measuring the impact of the Employer Brand program
Above all the success of any employer brand program depends on the efficiency with
which the need, situation for designing, implementing and monitoring an employer brand
program has been made. Not only a good understanding between the need, process, and
inputs are required but the full utility comes when full workforce is benefited by it.
Implementing employer branding concept in organization:
Following steps help in fruitful implementation of employer branding process they are –
* Set measurable and attainable target for employer branding which should be
development oriented.
* Hire professional services if needed for better and result oriented activities
* Identify the needs of employees and design program as per the requirements.
* Undergo survey either attitudinal for gathering information of employees satisfaction
and needs.
* Design a full proof need based support oriented and growth focused strategy which will
help both employee and employer for development and promotion.
* Validate the strategy with key constituencies.
Outcome of effective employer branding:
It helps in Attracting and recruiting "the right" candidates
Attending to shortages within the organization
Advancing retention rates and reduce turnover
Amplifying employee engagement, commitment, and performance
21
22
III. Research Methodology:
The increasing pervasiveness of globalization has put immense pressures on the
organizations intending to sustain their competitiveness amidst stiff domestic and
international competition. As organization continually consume the natural resources, the
only resource to their long-term survival depends on people who are emotionally engaged
to intellectually enrich their organization. In this process of change, our society has
transformed to a knowledge based economy where people are the focus. With people
becoming the key source of competitive advantage, the war for employees especially
talents has become a critical driver of organizational survival and growth.
3.2 Objectives:
PRIMARY:
● To study the employer branding of RML with the help of exit interview data.
SECONDARY:
● To know the reasons for the employee leaving the organization.
● To know the contribution of each criteria (in exit interview form) in employee
attrition.
23
3.4 Sampling:
There were a total of 144 employees who exited RML. But among them only 70
employees had attended exit interview procedure and had filled up the exit interview
form. So only those 70 exited employees were considered as my population.
Size: 70
Unit: The items included in the population are called sampling units. The
sampling unit comprised of all the exited employees who had filled up their exit
interview form belonging to
Area: The study is conducted at RANE Mumbai Ltd (RML).
Method: The method of collection is census method. A complete enumeration
of all items in the items in the population is known as census method.
Secondary data:
Secondary data means data that are already available i.e., they refer to the data
which have already been collected and analyzed by someone else.
Source:
● Exit interview filled up forms of RML
● The data pertaining to the details about the company, the details pertaining to
the topic undertaken is collected using the internet and from the magazine
articles.
24
3.6 Tools of analysis:
Statistical tools such as Tabulation, Percentage Cross tabulation, Mode, Mean,
Correlation, T-test, Factor analysis, were used in the current research. These were very
useful in knowing about the relative importance of the variable and to make comparisons
and to study its significance.
25
4.1 ANALYSIS-I
This part of analysis consists of the preliminary details of the exit interview forms which
contain turnover details, demographic details, reasons for the employees to leave the
organization and criteria ratings.
80
Inference:
70
59
60
The above
50 chart indicated the employee turnover details and the following was inferred
40
The total number of employees who exited RML for the year 2016-17 was 85 and in the
30
year 2017-18
20 it was 59 employees to quit the company. From the above details it was
clearly10visible that there decrease in the attrition level of the employees in the company
0
by 30.6% in the year 2017-18 compared 2017-18
2016-17 to the year 2016-17.
YEAR
90 81
Inference:
80
70
The above
60 chart indicated the gender wise52
employee turnover details and the following
50 MALE
was inferred:
40 FEMALE
30 26
20
4 7
10
0
In the year 2016-17, 95% of the employees who exited RML were male and
remaining 5% of the employees were female. On the other hand in the year 2017-18 it
was 88% who were male and 12% had been female. And from the above details it was
clear that there was a decrease in the attrition level of male by 36% in the year 2017-18
compared to the year 2016-17 whereas in the case of female attrition level it had
increased by 43% which had to be looked into seriously.
30
25 24
Inference: 23
20 20 20
18 2016-17
15 15 14
The above chart indicated the gender wise details of employees who2017-18didn’t respond to the
10 10
exit interview and the following was inferred:
5
On analyzing both the trend lines it was clearly visible that the attrition level decline was
0
remarkable April-June
in the monthsJuly-Sep
of October-December
Oct-Dec and July-September. But in the months
Jan-Mar
of April-June and January-March MONTHS
attrition level decline was acceptable but not to a
greater extent.
On the whole it can be inferred that a gradual decline in employee turnover level was
seen overall and on comparing both the years there was a continuous decrease in the
employee exiting rate each quarter even.
27
Employees who responded to the exit interview:
35
The above34 chart indicated the details regarding employees who responded to the exit
33
interview 33
and the following was inferred:
Among
32 the total of 85 employees who exited RML in the year 2016-17 it was only
44% of the
31 employees who have attended the exit interview which was known by their
2016-17 2017-18
filled up exit interview forms. ButYEAR
in the case of 2017-18 it was 56% who had responded
to the exit interview. Hence with these details it could be clearly known that there was a
decrease by 11% in the number of employees attending the exit interview for the year
2017-18 compared to the previous year.
Chart no- 5: Gender wise turnover details of those who attended exit
interview
The above chart indicated the details regarding employees who responded to the exit
interview and the following was inferred:
In the year 2016-17, 44% of the employees who attended the exit interview were males
and the 5% of the female employees who exited RML didn’t attend exit interview (i.e.)
all the respondents were males in 2016-17. In the year 2017-18, among the total number
of employees who attended the exit interview form 85% of them were males and only
15% were females. When compared to 2016-17 there was a decrease by 24% in the males
who responded to the exit interview for the year 2017-18.
40
The above chart indicated the details regarding employees who didn’t respond to the exit
30 26
interview and the following was inferred:
20
For the year 2016-17, of the total employees who exited RML it was 56% who didn’t
10
attend the exit interview whereas it was 44% for the following year. Hence there was a
0
decrease by 46% in the year 2017-18 among the employees those who did not respond to
2016-17 2017-18
YEAR which clearly envisaged that the response to the
the exit interview compared to 2016-17
exit interview had increased in the year 2017-18. This was obviously a good sign of
employee’s coordination and involvement in the company procedures.
29
Gender wise details of employees who didn’t attended the exit
interview procedures:
Chart no-7: Gender wise details of those who attended exit interview
But on 0comparing both the years it could be seen that there was a decline in the number
2016-17 YEAR 2017-18
of employees who didn’t respond to the exit interview by 45% in male and 50% in female
for the year 2017-18 which showed that there was an increase in the participation of
employees in exit interview procedures. This is a good sign of employee’s coordination
in the company procedures.
Chart
% OF no- 8: Designation
RESPONDENTS details of respondents
Inference:
70%
The above
60% chart indicated
61% the service details of the respondents and the following was
inferred:
50% 51%
For the year 2016-17, 51% of the respondents had less than 2016-17
40% 2yrs and in this year
respondents
30% with 2-4yrs of service quitted in large number compared
27%
to the previous year.
2017-18
20%
So in 2016-17 maximum level of attrition was caused 12%
by employees of less than 2yrs of
6% 12%
service10% 9%attrition was caused by 14%
and relatively notable those with 2-4yrs of service and it
5% 3%
0%caused by employees of 6-8yrs of service. And for the year 2017-18, nearly
was least
<2 yrs 2-4yrs 4-6yrs 6-8 yrs >8 yrs
61% of the respondents who exited RML had less than 2yrs of experience and there was
YEARS OF SERVICE
very less number of employees with 4-6yrs of experience to quit RML.
On the whole it could be inferred that among the employees who quit RML majority
of them had less than 2yrs of service and attrition level was least caused by those who
belong to the category of 4-6yrs of service.
31
AGE DETAILS OF RESPONDENTS:
AGE DETAILS
(Source: Secondary data) OF RESPONDENTS
30%
27% 27% 27%
Inference:
25% 24%
20% chart indicated the21%
The above age details of the respondents and the following was
2016-17
inferred:
15%
14% 2017-18
In the year
10% 2016-17,
9% maximum level of employees who quitted
9% RML belonged to the age
group of5% 5% was6%
25-30yrs and 35-40 yrs and 30-35yrs the next most important age group
3%
category0%
where the attrition was relatively high
0%and 0%
none of age group 40-45yrs quitted
RML during 20-25 25-30
that year. But30-35
in the35-40 40-45 45-50
year 2017-18 >50 level was relatively high in
the attrition
the age group category of 20-25yrs,25-30yrs and 30-35yrs and was least in 45-50yrs of
AGE
age group category.
On the whole it could be inferred from the above details that attrition in RML was
caused by the employees who belonged to the age group of 25-30yrs and 30-35 yrs. This
age group category was found as highly sensitive age group causing employee turnover
in RML.
33
EMPLOYEE PERCEPTION:
WILL
(Source: EMPLOYEE
Secondary data) RECOMMEND RML FOR
OTHERS
100%
Inference: 94%
90%
80%
The above
70% chart indicated the employee perception details and the following was
76%
inferred:60% 2016-17
50%
In the year 2016-17, 76% of the employees were ready to recommend 2017-18RML for their
40%
30%
associates and 16% of respondents were left undecided to recommend RML for others. In
16%
20% 5% RML for their associates. But
2017-18, 94% of the employees 0% were ready to recommend
10%
6%
in 2017-18 there was a decrease 0%
0% it could be seen that3% in the no. of respondents leaving
their response asyes
undecided.no undecided no
response
RESPONSE
35
Criteria 1c: Volume of work assigned
% OF RESPONDENTS
Chart no-16: Volume of work assigned
VOLUME OF WORK ASSIGNED TO YOU
(Source: Secondary data)
40% 35%
Inference:
35%
30%
30%
25% 19% 18% 22%
18% 2016-16
20%
It can be inferred from
14% 12% the chart that the criteria 15%
volume of work assigned had been rated
15% 2017-18
10% 6% 8% nd
by 22% of the respondents as 5th reason 3%and by 19% of them as 2 reason for leaving the
5%
organization
0% which states that it was a reason for very less no. of employees to leave the
organization. It First SecondfromThird
could be inferred the chart Fourth Least
that majority No
of the respondents (30%)
important important important reason important response
had rated criteria 1c asto5th reason
reason reason for leaving
reasonthe organizationreason
which stated that volume of
leave
work assigned was not a reason of consideration for the employees to leave the
REASONS
organization
Over all on comparing both the year it could be inferred that the criteria volume of
work assigned was not a reason for the respondents to leave RML. Hence it could also
be inferred that RML do not overload their employees.
Inference:
35% 32%
30% 27%
24% 24%
25% 21%
It could be
20% inferred from the chart
16% that majority of the respondents (32%) had rated
2016-17
12%
criteria15%
2 as 1ST reason and 27% of the9% respondents
8%9% had 8% rated it as8% 2017-18
2 nd reason for leaving
10%
the organization
5% which stated that career prospects in the medium and long term was a
0%
prime reason of high consideration for the employees to leave the organization
First Second Third Fourth Least No
important important important reason important response
reason to reason reason 36 reason
leave
REASONS
It could be inferred from the chart that majority of the respondents (22%) had rated
criteria 2 as 1st and 2nd reason for leaving the organization which stated that career
prospects in the medium and long term was a reason of high consideration for the
employees to leave the organization.
Over all on comparing both the year it could be inferred that the criteria career
prospects for medium and long term was one of the prime reasons for the respondents
to leave RML.
37
Chart no-19: Opportunities for training and professional
% OF RESPONDENTSdevelopment
OPPORTUNITIES
(Source: Secondary data) FOR TRAINING AND PROFESSIONAL
Inference: DEVELOPMENT
35% 32%
It could be inferred from the chart that majority of the 27%
30% respondents (32%) had rated
21%
25%as 2nd reason 22%
criteria-4 for 18%
leaving the organization which
19% stated that opportunities
2016-17for
20% 12%
11% 12%
training15%
and 8%
professional development
8% 9% was an important reason and was much
2017-18
10%
consideration
5% for 32% of the employees to leave the organization. But on the other hand
0%
22% of employees had considered
First Second
it Third
as least important
Fourth
reason
Least
to leaveNo
the organization. It
important
can be inferred from theimportant
chart thatimportant
majority ofreason important
the respondents response
(27%) had rated criteria-4
reason to reason reason reason
as 5th reason for leaving the organization which stated that opportunities for training and
leave
professional development was not a reason of consideration for the employees to leave
REASONS
the organization. But on the other hand nearly 21% of the employees had rated it as the
top most reason for leaving the organization.
Over all on comparing both the year it could be inferred that the criteria
opportunities for training and professional development was second important reason for
the respondents to leave RML.
PERFORMANCE ASSESSMENT-RECOGNITION
(Source: Secondary data)
/SPPRECIATION OF PERFORMANCE
Inference:
It could35%be inferred from the chart that majority of the respondents
30% (19%) had rated
30%
30% nd
criteria-5
25%as 2 reason for leaving
21% the organization which stated that performance
18% 19%
20% 16%15% 16% 2016-17
assessment-recognition
14% /appreciation of performance was an important reason
12%and was
15% 2017-18
10%
much consideration for the employees to leave the 5%organization. But on the other hand
3%
5%
0% employees had rated it as 3 rd and 5th reason to quit RML which envisaged that
16% of the
they considered itFirst Second reason
as least important Thirdto leave
Fourth Least It could
the organization. No be inferred
important important important reason important response
from the chart reason
that majority of the respondents
to reason reason (30%) had rated criteria-5 as 5 th reason for
reason
leave
38
REASONS
leaving the organization which stated that performance assessment-recognition
/appreciation of performance was not a reason of consideration for the employees to
leave the organization. But on the other hand nearly 21% of the employees had rated it as
the 2nd most important reason for leaving the organization. On the whole on comparing
both the year it could be inferred that the criteria performance assessment-recognition
/appreciation of performance was the second important reason for the respondents to
leave RML.
Criteria %
6a:
OF Interpersonal
RESPONDENTS relationship with superiors
Chart no-21: Interpersonal relationship with superiors
NTERPERSONAL RELATIONSHIP WITH SUPERIORS
(Source: Secondary data)
Inference:
40% 36%
35% 32%
27%
It could30%be inferred from the chart that majority (27%) of the respondents had rated
25% 2016-17
criteria 20%
6a as 5th 15% for 15%
reason 14% leaving the organization
12% which stated that
12%interpersonal
2017-18
15% 11% 9%
8% 8%
relationship with superiors was not a reason of consideration for the employees to leave
10%
5%
the organization.
0% It could be inferred from the chart that majority (36%) of the
respondents had First Second
rated criteria 6a as 5Third
th Fourth
reason for Least
leaving the No which stated
organization
important important important reason important response
that interpersonal relationship
reason to reason with superiors
reason was not a reasonreasonof consideration for the
employees to leaveleavethe organization
REASONS
On the whole on comparing both the year it could be inferred that the criteria
interpersonal relationship with superiors was not an important reason for the
respondents to leave RML. Hence it was clearly reflected that the employee’s
relationship with superiors was good.
Note: Compared to the last year there was a gradual increase in the no. of employees
opting this criterion as reason no.1.So the company had to look to this issue.
45% 41%
40% 39 36%
35% 27%
30%
25% 21% 2016-17
20% 14% 14% 15% 2017-18
Inference:
It could be inferred from the chart that majority (27%) of the respondents had
rated criteria 6b as 5th reason for leaving the organization which stated that interpersonal
relationship with subordinates was not a reason of consideration for the employees to
leave the organization. Hence it could also be inferred that they are comfortable with
their subordinates. It could be inferred from the chart that majority (36%) of the
respondents had rated criteria 6a as 5th reason for leaving the organization which stated
that interpersonal relationship with subordinates was not a reason of consideration for the
employees to leave the organization
On the whole on comparing both the year it could be inferred that the criteria
interpersonal relationship with superiors was not an important reason for the respondents
to leave RML. Hence it was clearly reflected that the employee’s relationship with
superiors was good.
Note: Compared to the last year there was a gradual increase in the no. of employees
opting this criterion as reason no.1.So the company cannot overlook this issue.
40
leave RML. Hence it was clearly reflected that the employee’s relationship with peers
was good.
Note: Compared to the last year there was a gradual increase in the no. of employees
opting this criterion as reason no.1.So the company cannot overlook this issue.
45% 39%
Inference:
40% 35%
35%
30%
It could25%be inferred from the chart that majority (22%) 22% 2016-17
of the respondents had rated
20% 16% 15%
15% 12% 11% 11% 2017-18
criteria 15%
7 as 5th reason for leaving the organization
9% 9%which stated that place of location
10% 5%
was not a5% reason of consideration for the employees to leave the organization. It could be
0%
inferred from the chart that majority (39%) of the respondents had rated criteria 7 as 5 th
First Second Third Fourth Least No
reason for leaving the organization
important important which stated reason
important that place important
of location response
was not a reason of
reason
consideration for to reasonto leave
the employees reason
the organization. reason
leave
On the whole on comparing both the year it could be inferred that the criteria place
REASONS
of location was not a reason for the respondents to leave RML. Hence it was clearly
reflected that the company was located in the place where employees can access with
less.
41
% OF RESPONDENTS
42
Note: Compared to the last year there was a gradual decrease in the no. of employees
opting this criterion as reason no.1, but there was an increase in the no. of employees
opting this criterion as reason no.4 & 5.This showed that there were other reasons which
rank higher than this criterion for which employees leave the organization. Hence it was
clear that the employees are looking beyond the aspect money in their job.
Inference:
35% 30%
It could be inferred27%
30% 27%
from the chart that majority (27%) of the respondents had
25% 21% 22%
rated criteria- nd 19%
20% 11 as 2 reason for leaving15% the organization which stated that 15%
quality and
2016-17
15% 9% 9% 2017-18
10% 5%
5% 0% 43
0%
First Second Third Fourth Least No
important important important reason important response
reason to reason reason reason
extent of freedom and authority given was an important reason of consideration for the
employees to leave the organization. But it was also been rated by 22% of the
respondents as 5th reason i.e. reason of less significance which makes the employees to
leave the organization.It can also be inferred that majority (30%) of the respondents have
rated criteria-11 as 5th reason for leaving the organization which states quality and extent
of freedom and authority given was not a reason of consideration for the employees to
leave the organization.
On the whole on comparing both the year it could be inferred that the criteria-11
was not much of important reason for the respondents to leave RML. But it was also an
important reason for some of the employees of considerable percentage to leave the
organization. So RML needed to had an eye on this criterion thereby preventing it being
an important reason for attrition in future. Note: Compared to the last year there is an
increase in the no. of employees opting this criterion as reason no.1 reason for leaving
RML. So RML needed to have a conscious look into this issue
44
preventing it being an important reason for attrition in future. Note: Compared to the
last year there was an increase in the no. of employees who opted this criterion as reason
no.1 reason for leaving RML. So RML needed to have a conscious look into this issue.
45
Criteria considered as “First important reason” by the
employees to leave RANE Mumbai ltd (2016-17)
Chart no-30: First important reason (2016-17)
46
Criteria considered as “First important reason” by the
employees to leave RANE Mumbai ltd (2017-18)
Chart no-31: First important reason (2017-18)
47
Inference:
2016-17:
Top most reason:
Based on the statistical tool – Mode, it could be inferred from the chart no.30 & 31
that compensation (salary, allowances & perquisites) vis-à-vis jobs and
responsibilities was the top most reason for attrition in RML.
2017-18:
Top most reason:
Based on the statistical tool – Mode, it could be inferred from the chart no.30 & 31 that
career prospects in the medium and long term was the top most reason for attrition in
RML.
Note:
Reasons ranking next to the above mentioned reason
2016-17:
The reason was career prospects in the medium and long term
2017-18:
The reasons were opportunities for training and development and interpersonal
relationship with subordinates
48
Criteria considered as second important reason by the
employees to leave RANE Mumbai ltd (2016-17)
Chart no-32: Second important reason (2016-17)
49
Criteria considered as second important reason by the
employees to leave RANE Mumbai ltd (2017-18)
Chart no-33: Second important reason (2017-18)
50
Inference:
2016-17:
Second important reason:
Based on the statistical tool – Mode, it could be inferred from the chart no.32 & 33
that was opportunities for training and development was the 2 nd important reason for
attrition in RML.
2017-18:
Second important reason:
Based on the statistical tool – Mode, it could be inferred from the chart no.32 & 33
that compensation (salary, allowances & perquisites) vis-à-vis jobs and
responsibilities was the 2nd important for attrition in RML.
Note:
Reasons ranking next to the above mentioned reasons:
2016-17:
The reasons were career prospects in the medium and long term, quality and extent of
freedom and authority given and compensation (salary, allowances & perquisites) vis-à-
vis jobs and responsibilities
2017-18:
The reason was career prospects in the medium and long term
51
Criteria considered as third important reason
by the employees to leave RANE Mumbai ltd (2016-17)
Chart no-34: Third important reason (2016-17)
52
Criteria considered as third important reason by the
employees to leave RANE Mumbai ltd (2017-18)
Chart no-35: Third important reason (2017-18)
53
Inference:
2016-17:
Third important reason:
Based on the statistical tool – Mode, it could be inferred from the chart no.34 & 35
that is response to frank expressions of different points of view was the 2nd important
reason for attrition in RML.
2017-18:
Third important reason:
Based on the statistical tool – Mode, it could be inferred from the chart no.34 & 35
that response to frank expressions of different points of view was the 2nd important for
attrition in RML.
Note:
Reasons ranking next to the above mentioned reasons:
2016-17:
The reasons were degree of openness and communication with superiors,
subordinates and peers
2017-18:
The reason was degree of openness and communication with superiors, subordinates
and peers and extent of encouragement of innovative ideas.
54
Criteria considered as fourth important reason by the
employees to leave RANE Mumbai ltd (2016-17)
Chart no-36: Fourth important reason (2016-17)
55
Criteria considered as fourth important reason by the
employees to leave RANE Mumbai ltd (2017-18)
Chart no-37: Fourth important reason (2017-18)
56
Inference:
2016-17:
Fourth important reason:
Based on the statistical tool – Mode, it could be inferred from the chart no.36 & 37
that was quality and extent of freedom and authority given was the 2nd important
reason for attrition in RML.
2017-18:
Fourth important reason:
Based on the statistical tool – Mode, it could be inferred from the chart no.36 & 37
that compensation (salary, allowances & perquisites) vis-à-vis jobs and
responsibilities was the 2nd important for attrition in RML.
Note:
Reasons ranking next to the above mentioned reasons:
2016-17:
The reasons were degree of openness and communication with superiors,
subordinates and peers
2017-18:
The reason was degree of openness and communication with superiors, subordinates
and peers and extent of encouragement of innovative ideas.
57
Criteria considered as Least important reason by the
employees to leave RANE Mumbai ltd (2016-17)
Chart no-38: Least important reason (2016-17)
58
Criterion considered as Least important reason by the
employees to leave RANE Mumbai ltd (2017-18)
Chart no-39: Least important reason (2017-18)
59
Inference:
2016-17:
Least important reason:
Based on the statistical tool – Mode, it could be inferred from the chart no.38 & 39
that was interrelationship with peers and job security was the 5TH important reason for
attrition in RML.
2017-18:
Least important reason:
Based on the statistical tool – Mode, it could be inferred from the chart no.38 & 39
that job security was the 2nd important for attrition in RML.
Note:
Reasons ranking next to the above mentioned reasons:
2016-17:
The reasons were interpersonal relationship with subordinate and superiors
2017-18:
The reason was place of location
60
4.2 ANALYSIS-III
This part of analysis consists of Correlation, T-test and Factor analysis results and its
analysis.
CORRELATION
Inference:
From the above table the following can be inferred:
For the year 2016-17, none of the correlation seems to be significant and hence it shows
that there is no relation between any of the criteria in exit interview form and the sample
profile details like service, age, designation, department and education. Hence the ratings
given by the respondents are independent of the sample profile details. Therefore it can
also be inferred that the sample profile details do not influence the respondents in their
ratings and so there was no bias due to the sample profile details.
61
Service Designation Age Department Education
1a 0.119406 -0.04545 -0.1739 0.18646 -0.2930
1b 0.030159 -0.13287 0.0119 0.23833 -0.2208
1c 0.121578 0.01126 -0.1668 0.27924 -0.2314
2 0.156115 0.13428 0.0203 0.28876 -0.1130
3 -0.03342 0.04359 -0.1140 0.11551 0.3580*
4 0.074311 0.17669 -0.0744 0.30753 -0.1812
5 -0.17481 -0.15711 -0.0343 0.16111 0.3591*
6a -0.11012 0.04454 -0.2100 0.20328 0.4594*
6b -0.09005 -0.04382 -0.1412 0.16605 0.4918*
6c -0.00733 0.06851 -0.1812 0.23518 0.3637*
7 -0.08358 0.05612 -0.1126 0.14840 0.3918*
8 -0.02138 0.03068 -0.1807 0.13939 0.3803*
9 0.083722 -0.21893 0.0158 0.16914 0.4103*
10 -0.19025 -0.01762 -0.1599 0.12920 -0.3474
11 -0.13203 0.04318 -0.1741 0.16914 -0.2296
12 -0.13981 -0.02030 -0.1629 0.12920 0.3518*
13 -0.28002 0.26398 0.0154 0.16113 0.0887
*significant at 5% (Source: Secondary data)
Inference:
From the above table the following can be inferred:
In the year 2017-18, correlation was seen between criteria 3, 5, 6a, 6b, 6c, 7, 8, 9, 12
and education(which is one of the sample profile elements) and it was positive. This
shows that education had influence on the respondents rating for the above mentioned
criteria. Hence it can be inferred that there existed relatively low correlation below the
education and the criteria 3, 5, 6a, 6b, 6c, 7, 8, 9, 12.
63
Hence it can be inferred that criteria-2 was relatively distinct among all the other factors.
Therefore any change in other factors will affect criterion-2 to a very lesser extent and
hence it is distinct from other factors.
Table-4.2.4: Inter factor correlation 2017-18
1a 1b 1c 2 3 4 5 6a 6b 6c 7 8 9 10 11 12 13
1a 1 0.76 0.89 0.44 0.70 0.54 0.59 0.71 0.84 0.79 0.74 0.75 0.58 0.69 0.58 0.64 -0.26
1b 0.76 1 0.86 0.67 0.80 0.64 0.77 0.69 0.73 0.75 0.79 0.67 0.64 0.65 0.59 0.67 -0.22
1c 0.89 0.86 1 0.53 0.73 0.63 0.67 0.79 0.82 0.85 0.77 0.78 0.62 0.77 0.66 0.73 -0.28
2 0.44 0.67 0.53 1 0.72 0.82 0.46 0.48 0.45 0.56 0.69 0.47 0.39 0.43 0.45 0.45 -0.10
3 0.70 0.80 0.73 0.72 1 0.77 0.64 0.76 0.79 0.80 0.84 0.74 0.68 0.64 0.56 0.71 -0.19
4 0.54 0.64 0.63 0.82 0.77 1 0.52 0.69 0.68 0.78 0.76 0.71 0.54 0.60 0.61 0.63 -0.15
5 0.59 0.77 0.67 0.46 0.64 0.52 1 0.67 0.64 0.65 0.68 0.67 0.67 0.73 0.61 0.70 -0.15
6a 0.71 0.69 0.79 0.48 0.76 0.69 0.67 1 0.91 0.90 0.73 0.90 0.62 0.84 0.78 0.84 -0.34
6b 0.84 0.73 0.82 0.45 0.79 0.68 0.64 0.91 1 0.91 0.77 0.92 0.63 0.84 0.72 0.83 -0.26
6c 0.79 0.75 0.85 0.56 0.80 0.78 0.65 0.90 0.91 1 0.75 0.87 0.67 0.82 0.80 0.86 -0.26
7 0.74 0.79 0.77 0.69 0.84 0.76 0.68 0.73 0.77 0.75 1 0.72 0.61 0.72 0.56 0.64 -0.23
8 0.75 0.67 0.78 0.47 0.74 0.71 0.67 0.90 0.92 0.87 0.72 1 0.70 0.87 0.82 0.86 -0.31
9 0.58 0.64 0.62 0.39 0.68 0.54 0.67 0.62 0.63 0.67 0.61 0.70 1 0.62 0.65 0.69 -0.33
10 0.69 0.65 0.77 0.43 0.64 0.60 0.73 0.84 0.84 0.82 0.72 0.87 0.62 1 0.83 0.91 -0.26
11 0.58 0.59 0.66 0.45 0.56 0.61 0.61 0.78 0.72 0.80 0.56 0.82 0.65 0.83 1 0.89 -0.28
12 0.64 0.67 0.73 0.45 0.71 0.63 0.70 0.84 0.83 0.86 0.64 0.86 0.69 0.91 0.89 1 -0.24
13 -0.26 -0.22 -0.28 -0.10 -0.19 -0.15 -0.15 -0.34 - -0.26 -0.23 -0.31 -0.33 -0.26 -0.28 -0.24 1
0.26
(Source: Secondary data) Red marking shows values are significant at 5%,
Inference:
From the above table the following can be inferred:Criteria-6a was very highly correlated
with criteria 6b, 6c and 8 (i.e.) Interpersonal relationship with superiors has a high
correlation with Interpersonal relationship with subordinates and that of with the peers
and finally with degree of openness & communication with superiors, subordinates and
peers. Criteria-6b was very highly correlated with criteria 6c and 8 (i.e.) Interpersonal
relationship with subordinates was very highly correlated and degree of openness &
communication with superiors, subordinates and peers. Criteria-10 was very highly
correlated with criteria-12(i.e.) Extent of encouragement of innovative ideas was highly
correlated with Response to frank expressions of different points of view. The correlation
values of criterion -2 alone remain low when compared with other criteria. Hence it can
be inferred that criteria-2 was relatively distinct among all the other factors. Therefore
any change in other factors will affect criterion-2 to a very lesser extent and hence it is
distinct from other factors.
T-TEST
64
Table-4.2.5: T-test 2016-17
Inference:
65
Service Designation Age Department Education
0.11358 0.5104 0.2051 0.0012 0.5494
0.01191 0.0638 0.6271 0.0062 0.1038
0.07974 0.3923 0.2417 0.0009 0.4463
0.33154 0.8435 0.0314 0.0001 0.9374
0.02510 0.0936 0.5701 0.0086 0.1725
0.12006 0.5070 0.1478 0.0004 0.5569
0.16291 0.5427 0.1385 0.0009 0.5795
0.03590 0.1157 0.4959 0.0042 0.2184
0.09219 0.3248 0.2960 0.0024 0.4184
0.07785 0.3034 0.2998 0.0016 0.3944
0.04490 0.1522 0.4508 0.0051 0.2473
0.04907 0.2094 0.2920 0.0017 0.3172
0.21081 0.8560 0.0567 0.0008 0.8311
0.12459 0.3887 0.2361 0.0008 0.4595
0.08215 0.2759 0.2802 0.0019 0.3496
0.17736 0.5886 0.1443 0.0010 0.6271
0.00000 0.0000 0.0000 0.0000 0.0000
(Source: Secondary data)
Inference:
From the above table the following can be inferred:
For the year 2017-18, none of the values obtained by t-test seemed to be significant as it
was below the critical value 1.96 at 5% significant level. Hence the null hypothesis for all
the above values automatically gets accepted which said that the sample factors service,
age, designation, department and education had no significant relation with the criteria
ratings. Hence it can be inferred that the sample profile elements has no significant
influence over the criteria ratings.
On the whole, on analysing both the years it was seen that the sample profile details
had no significant relation over the respondent’s ratings for each criterion. Hence the
respondents ratings are not biased due to the sample profile details.
Factor analysis:
Based on the factor analysis done using the statistical software package SPSS the criteria
given in the exit interview form were clubbed into two factors namely interpersonal
effectiveness and work effectiveness.
66
Chart no-40: Interpersonal effectiveness
Inference:
From the above chart it can be inferred that the contribution made by the criteria
interpersonal relationship with superiors, openness & communication, autonomy for the
employees to leave RML is 15% which says that 15% weakness is seen in all those
criteria in RML. Likewise aspects such as interpersonal relationship with subordinates
and interpersonal relationship with peers, encouragement of innovative ideas are weak by
14% and communicative acceptance is weak by 13% in RML.
Inference:
From the above chart it can be inferred that the contribution made by the criteria Quality
of work assigned was 13% which showed RML has to improve by 13% to achieve the
total satisfaction of employees in the quality of work been assigned. Likewise aspects on
job security has to be improved upon by 12%, volume of work assigned, clarity of work,
place of work and training & professional development aspects have to be improved by
11%, compensation, career prospects and performance assessment & recognition aspects
of RML have to be improved by 10% and finally just 1% improvement has to be made in
other dimension aspects.
68
Overall perception of the respondents about RML
The above chart “Overall perception of the respondents about RML” shows the
percentage of weakness that RML has in each of the criterion based on the respondent’s
perceptions. This shows that RML has room for improvement to be made in those criteria
to achieve a strong employer brand. From the above chart it can be inferred that the
INTERPERSONAL EFFECTIVENESS in RML as perceived by the respondents who
were the exited employees was 44% which is less than WORK EFFECTIVENESS and it
was perceived as 56% by the same respondents. This clearly shows that the interpersonal
effectiveness part of RML as perceived by the employees has to be improved by 44% and
that of work effectiveness by 56%.
69
5.1 FINDINGS:
Attrition:
● For the year 2016-17, a total of 85 employees quitted RML and for the year 2017-
18 it was 59 employees.
● For the year 2016-17, 95% of the employees who exited RML were male and
remaining 5% of the employees were female. On the other hand in the year 2017-
18 it was 88% who are male and 12% had been female.
Note:
● There was a decrease in the attrition level of the employees in the company by
30.6% in the year 2017-18 compared to the year 2016-17.
● There was a decrease in the attrition level of male by 36% in the year 2017-18
compared to the year 2016-17 whereas in the case of female attrition level it had
increased by 43% which had to be looked into seriously.
● For each quarter there was a decrease in the attrition level of the employees in the
company for the year 2017-18 compared to the year 2016-17.
70
Note:
● There was a decline of 11% in the number of employees attending the exit
interview for the year 2017-18 compared to the previous year.
● When compared to 2016-17 there was a decrease by 24% in the males who
responded to the exit interview for the year 2017-18.
● In the total of employees who did not respond to the exit interview, there was a
decrease by 46% in the year 2017-18 compared to 2016-17
● There was a decline in the number of employees who didn’t respond to the exit
interview by 45% in male and 50% in female for the year 2017-18 compared to
2016-17
● Very high attrition in RML was caused by the employees who belong to the age
group of 25-30yrs and high attrition by those of 30-35 yrs.
71
Note:
● In the year 2017-18, the no. of employees exited decreased by 5% in junior
management level and increased by 4% in middle management level.
● In 2017-18, the respondent’s exit rate had reduced considerably by 10% in the
less than 2yrs of service category.
● In 2017-18, the attrition caused by employees of age group 35-40yrs was high
which should be looked into seriously.
● MMD, HR & PLE departments are some of the departments having constant and
steady attrition which need to be looked into seriously.
● The satisfaction level of the employees had increased to a greater extent which
was clearly reflected in the chart.
72
Satisfactory factors:
1. Interpersonal relationship with peers
2. Job security
3. Interpersonal relationship with superiors
4. Interpersonal relationship with subordinate
5. Place of location
On the whole interpersonal relationship of an employee was seemed to be good.
Other findings:
Consolidation of what employees liked in RML: (in employees’ words)
● TQM practices
● Freedom in working
● Opportunity to learn
● Work culture
● Training given
● Employee commitment
● Big concern
73
● Complicated reporting system
74
5.2 SUGGESTIONS:
“Care and importance are two things of which every human being is mad of”
Employer branding itself is a very good strategy to retain the employees for it gives an
employee a sense of pride that the company for which he is working for is a great place to
work and that would make him willingly bind with the organization for years and years.
In order to do achieve such a stage the company initially needs to know what the
employees perceives about and expects from the organization and should rectify all the
weaknesses what the employee’s perceive of an organization which can be known
through various company procedures of which exit interview is one. So on analyzing the
exit interview form of RML the areas in which the company was weak were identified
and the following were the suggestions to set those things right.
● Do selective hiring: Study the applicant's track record. How long people have
stayed in previous positions will indicate how long you can expect them to stay
with you. If they changed jobs every two or three years in the past, they will likely
do the same with you
● Create individualized career growth plans and clearly explain it to them.
● Detailed and clear job description should be given to the employees so that they
understand what exactly is expected of them and discharge without bias.
● Educational Programs- You can provide them conditional assistance for certain
courses which are beneficial from your business point of view. Conditional
assistance means the company will bear the expenses only if he/she gets an
aggregate of certain percentage of marks. And entrance to that course should be
on the basis of a Test and the number of seats to be limited. For getting admitted
75
to such program, you can propose them to sign a bond with the company, like
they cannot leave the company for 2 years or something after the successful
completion of the course.
● A sound compensation plan is essential where the pay should go along with the
market value.
● Employees should be allowed to express their views and try to implement which
would honour them.
● Little perks, like buying pizza/cutlets for the staff of the office on the busiest days
of the work week on surprise, help to make your employees appreciate their jobs
● Use creative rewards and recognition programs like,
✔ Give recognition certificates, plaques and prizes and other than money, such as
tickets for movie rental or sports events, or gift certificates for merchandise or dinner.
Giving something tangible makes a more lasting impression.
✔ Every month/quarter Hero: You can make a provision of Monthly or
Quarterly Award (depending upon the budget) for the best employee, Awarding 2 or 3
best workers each month. The award can be in terms of gifts or money. If it is money
then it should be divided into two parts, first part to be given with the next month salary
and the remaining after 6 months. In this way he/she can be retained for 6 more months.
These rewards shall be considered at the time of appraisal. Praising your best performers
(the top 10-20%) will raise the bar for your weaker people
✔ The Legends scheme: Employees, excluding senior management, are
invited to nominate colleagues and assessors (non-management employees who
are given training to judge nominees) choose the winners. After the assessors’
work is done, 10 Legends are selected for that year. The Legends, drawn from
across the organization, receive senior management recognition and both financial
and non-financial rewards Encouraging employees to give positive praise to each
other not only builds a sense of satisfaction and mutual respect; it also helps drive
overall engagement.
76
● Employee Recreation- You can take your employees to a trip or for an outing
every year or bi-yearly. You can involve your top management into some of the
fun activities as this will make feel the employees that they are very close to the
management and everybody is same.
● Accountability- You should make each employee accountable so that he can also
feel that he is as important as his manager by giving them added responsibility.
● Work environment: A stereo (with ceiling speakers) tuned to a soft neutral
music enhances the office atmosphere and creates an illusion of privacy
6.1 Conclusion
Realizing the fact that the growing employee turnover is the matter of great
concern by the firm, attention should be devoted for the making of a ‘strong brand’
through investments in’ human capital ‘.The growing relevance for human energies and
intellect for the so-called employer’s brand has been proved beyond dispute. Besides
controlling the damage at crucial times the making of employer’s brand is found to be a
strategic tool for business promotion. So its time for RML to focus on building its
employer brand.
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6.2 Annexure and Appendices
2.2 What did you like LEAST about your job in RANE?
2.3 In what ways did RANE turn out to be different from your expectations?
We list some dimensions of the organization. Please rank in the order of importance those
which were responsible for your decision to leave us. (Give no.1 to the strongest reason,
no.2 to next strongest reason and so on)
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Dimension rank
1. Job content
• Clarity of role ( )
• Quality of work assigned to you ( )
• Volume of work assigned to you ( )
14. Would you recommend RANE to a good friend who is looking for employment
opportunities?
Yes ( ) no ( ) undecided ( )
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6.3 BIBLIOGRAPHY
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