Anmol Final
Anmol Final
On
“Employee’s Satisfaction & Perception”
This is to certify that the minor project titled “Employee’s Satisfaction &
Perception” is an academic work done by Anmol Agrawal, submitted in the partial
fulfilment of the requirement for the award of the degree of BBA at Maharaja
Agrasen Institute of Management Studies, Rohini, New Delhi, under my guidance &
direction.
To the best of my knowledge and belief the data & information presented by him in
the project has not been submitted earlier.
Signature:
This is to certify that I have completed the Major Project report titled “Employee’s
Satisfaction & Perception” under the guidance of Ms. Priyanka Grag in partial
fulfilment of the requirement for the award of Degree of BBA at Maharaja Agrasen
Institute of Management Studies, Delhi. This is an original piece of work & I have not
submitted it earlier elsewhere.
Guidance, inspiration, and motivation have always played a key role in the success of
any venture.
I would like to pay my sincere regards to all those who guided me in my project work.
I would like to avail this opportunity to pay my sincere gratitude and regards to Prof.
(Dr.) Rajni Malhotra Dhingra, Director and Dr. Manoj Verma, HOD, Business
Administration, Maharaja Agrasen Institute of Management Studies for providing me
such a wonderful opportunity to widen the horizons of my knowledge. I would also
like to express my heartfelt thanks to my Project Supervisor Ms. Priyanka Garg, for
giving her support, guidance, and encouragement throughout the project work.
Last but not the least I would like to thank my parents, family and friends who have
directly or indirectly contributed to making this project a success.
Employee satisfaction or job satisfaction is, quite simply, how content or satisfied
employees are with their jobs. Employee satisfaction is typically measured using an
employee satisfaction survey. Factors that influence employee satisfaction addressed
in these surveys might include compensation, workload, perceptions of management,
flexibility, teamwork, resources, etc.
These things are all important to companies who want to keep their employees happy
and reduce turnover, but employee satisfaction is only a part of the overall solution. In
fact, for some organizations, satisfied employees are people the organization might be
better off without.
Employee satisfaction and employee engagement are similar concepts on the surface,
and many people use these terms interchangeably. The importance of knowing the
difference between satisfaction and engagement is critical for an organization to make
strategic decisions to create a culture of engagement. Employee satisfaction covers the
basic concerns and needs of employees. It is a good starting point, but it usually stops
short of what really matters.
Human resource is the important factor of the organization. If this factor is not
satisfied or not work properly then organization cannot achieve their target.
For that purpose, employees of are asked to supply information about the content of
job, given their familiarity with it. An organization expects accurate information about
the job as well as organization is also concerned about the employee’s reaction to
having their jobs analyzed. In order to prevent employee dis-satisfaction uncertainty
& anxiety, organization should communicate the reason for conducting the job
analysis& keep the employees informed about employee satisfaction process.
Employees are the most valuable assets of an organization there should be a conscious
effort to realize its goals by satisfying needs and aspiration of employees.
Organization must meet their goals by which employees feel satisfied in their work
lines because the key strength of the company determined by the human power of the
organization.
Employee satisfaction a potential problem
The problem with employee satisfaction is that it does not focus on the things that are
important to your most talented staff. A happy or content employee might be quite
satisfied with a job that requires very little effort. This employee might be perfectly
content doing the bare minimum required to keep his or her job. These employees are
likely "very satisfied" with their jobs. They usually lack leadership and purpose. Their
performance might be "good enough". They are unlikely to leave the company, but
they are not necessarily adding value.
As opposed to satisfied employees, engaged employees add value by pushing limits,
driving growth and innovation. Organizations that embrace a value-centric,
engagement focus, too, have to push limits, Companies with an engagement strategy
provide informal and formal learning experiences in order to create significant
opportunities for employees so employees feel valued and recognized for their work.
Engaged employees will often snatch up these opportunities, satisfied employees
often will not.
Employee satisfaction surveys can lead an organization down the wrong path. As a
company, if you focus on increasing the wrong kind of employee satisfaction, you risk
entrenching those employees who are adding the least value while driving your most
talented employees out.
Job Satisfaction is influenced by:
Job satisfaction may lead to cost reduction by reducing absences, task errors, conflicts
at work and turnover.
As work is an important aspect of people’s lives and most people spend a large part of
their working lives at work, understanding the factors involved in job satisfaction is
crucial to improving employees ‘performance and productivity.
Factors affecting the level of job satisfaction are;
Working Environment.
Fair Policies and Practice.
Caring Organization.
Appreciation.
Pay.
Age.
Promotion.
Feel of Belongings.
Initiation and Leadership.
Feel of Being Loved .
Value of your Ideas and Opinions in the decision of an organization.
Research done by various researcher show that satisfied, motivated employees will
create higher customer satisfaction and in turn positively influence organizational
performance. Noticing this trend, many organizations are investing in measuring and
quantifying employees opinions and attitudes by incorporating Employees
Satisfaction Surveys into their existing HR and organizational processes.
By establishing frequent and consistent employee feedback processes, enterprises can
retain and develop their most important asset: employee
Sources Of Data:-
The task of data collection begins after a research problem has been defined and
research design plan chalked out. Basically two types of data are available to the
research namely:-
The design in such studies must focus attention on the following or process in
descriptive research design is as follows:-
Sample Design:-
In most of the research design it becomes almost impossible to examine the entire
universe. So the only alternative is to report to sampling. This is true for the present
study as well. Basic principles to be followed in sampling are that the sample chosen
must be representative of entire universe to be studied.
Sampling Method:-
In the present study, convenience sampling method has been used.
Questionnaire method
Observation Method
Through Schedules
Interview method
Magazines
Newspapers
Websites
Books
Different Websites
Company Journals
Books
CHAPTER 3
DATA ANALYSIS AND
INTERPRETATION
Data Analysis & Interpretation
Interpretation:-
35% employees strongly agree that superior communicate to them what they expect
and 37% employees agreed with it, but 8% employees are neutral with this statement
and 20% employees are disagreeing with the statement.
SATISFACTION LEVEL OF EMPLOYEES ABOUT THEIR INTEREST IN
JOB
Interpretation:- 20% employees states their job is very interesting and 50% employees
also quite satisfied with the nature of the job they perform but 16% are neutral and
14% are disagreeing with interest of job.
Interpretation:- 48% employees are satisfied with their work and 16% employees are
neutral but 20% employee are disagreed and 16% employee are strongly disagreeing
with their welfare activities.
SATISFACTION LEVEL OF EMPLOYEES ABOUT COMPANY BEING
OPEN TO CHANGES.
Interpretation:-12% employees are very much satisfied as their opinions are being
valued. 52% employees are satisfied and 20% employees are neutral but 8%
employees are disagreeing and 8% employees are strongly disagreed with the
statement.
CHAPTER 4
FINDINGS
FINDINGS
1. Local talents need to be recruited in the company.
2. Company needs to focus on the betterment of society.
3. Promotion and Increment policies need to be revised.
4. Self-appraisal is required.
5. Management policies are not discussed with every department before
implementation.
6. Canteen’s food needs improvement in quality and rates should also be revised
as it is on expensive side.
7. Morale building is required.
8. Management policy needs to be transparent with employees.
9. Company needs to pay attention on promotion at lower level.
10. Working facilities like gloves, glasses, helmets & fans etc. needs
improvement.
11. Company should use alternate methods for collecting feedback from
employees as lower- level employees are not educated enough.
12. Company should distribute the work fairly between the same level employees.
13. Company should work on improving rewards and recognition system.
14. Company should provide the salary fairly and timely with their employees.
15. Information regarding important factors affecting the employees practice
should be shared sufficiently with them as they can process with their tasks
with proper knowledge.
CHAPTER 5
CONCLUSION AND
SUGGESTIONS
CONCLUSION
1. In conclusion it can be said that employees in are overall satisfied with the
communication with their superiors.
2. They are satisfied with the holidays provided to them. They are also satisfied
with the working hours of their job.
3. Employees are not so much satisfied with their training and development
program provided to them. Employees are not so much satisfied with their
salary being provided timely and fairly.
4. They are satisfied being connected to their co-workers. Employees in the
company are satisfied with the safety measures used in the organization.
5. They are also satisfied with the action taken by their seniors for employee
grievances They are also satisfied with the co-operation received from co-
workers.
6. They are also quite satisfied with the feedback method used for suggestions
but some of them being unable to read and write remains dis-satisfied.
7. They are also satisfied with the company sharing sufficient information about
important factors affecting their work practices and methods they use in their
job.
8. They are quite satisfied with the work being distributed fairly among the same
work group but few of them are not satisfied as the think their work is not
meaning full to them.
9. They are also not much satisfied with the organization’s promotion policy.
They are also quite satisfied with their performance appraisal system.
10. They are also overall satisfied with the workplace being sanitized properly
with all the safety protocols being followed.
SUGGESTIONS
Compensation
Salary naturally continues to play a decisive role in employee satisfaction. Paying fair
wages that correspond to the qualifications of the employees is a key factor. A
common misconception is that bonuses lead to higher motivation of individual
employees, when in fact, performance-related remuneration often even tends to have
the opposite effect. A fair wage accompanied by support and recognition from
superiors and colleagues has proven much more motivating. Benefits such as
company cars, phones or job tickets can’t hurt either.
Correct Lighting
The right range of insurance policies plays a major role in employee satisfaction.
More and more people are interested in a company pension plan. Direct insurance,
accident insurance and supplementary health insurance are also of interest to
employees. This relatively simple instrument of employee satisfaction is often
underestimated and therefore used seldomly. Finding out what preferences employees
have in this regard and providing them with a customized portfolio can be a game
changer.
Hearing to employees suggestions
Often the solution to a problem can be found simply by listening attentively, not just
as a colleague but as a person. What are the employees worried about? What are their
fears and needs? What motivates them? What are their ambitions? Which tasks do
they like to take on and what is
particularly important to them? Taking the time to listen to private, or at least not
exclusively business internal topics, can go a long way.
Team Building
It is no secret that a strong team bond increases the productivity of employees. Hence,
managers should actively encourage and organize team building activities. Some ideas
to encourage team building are company retreats, social areas in the office or optional
leisure activities.
Praise
The desire for recognition can be satisfied by direct and sincere praise. Praise is a
form of spontaneous appreciation. Ideally, it is specific enough to let the person know
why he or she receives it. Praise can be given to managers as well as to colleagues or
customers. This form of appreciation is comparable to an occasional pat on the back.
It conveys one’s own values and goals and thus indirectly reinforces a desired
behaviour.
Rewards
Rewards for special achievements within companies can also satisfy the need for
esteem. As described in point 6, however, an increase in satisfaction through bonuses
is questionable. Developing a gratification system that rewards employees according
to their annual performance review may reap better results. For example, reward
employees with vouchers for visits to trade fairs, exhibitions, galleries, restaurants,
cinemas or other events. Internal awards can also be be given, for example, to
employees who have shown themselves to be particularly conscientious, orderly,
friendly or helpful during the course of the year.
Upskilling
Most people are willing to become better at what they do for a living.
Instrumentalizing this willingness can easily lead to a win-win situation for both
parties. Qualified employees are very valuable. For many young and well-trained
specialists, what opportunities for personal and professional development companies
offer is decisive in the choice of an employer. Companies that
want to assert themselves in the abovementioned “war for talent” must therefore offer,
or at least support, further training measures for employees.
Feedback and Staff Appraisals
Ideally, staff appraisals take place regularly to provide feedback to employees and
managers. They are important for employees and employers alike to align goals and
drive development. By setting goals and agreeing on development opportunities, they
can further their education and stringently expand their own career path. A positive
assessment of performance based on the objectives achieved is also a good
opportunity for employees to express a desire for promotion or salary adjustment.
One-on-ones can thus open up motivating perspectives and pave the way for a future
in the company for the employees.
LIMITATIONS
WEBSITES
Various website sources like-
blog.vantagecircle.com › employee-satisfaction ,
www.questionpro.com › blog › employee-satisfaction
CHAPTER 6
ANNEXURE
EMPLOYEE’S SATISFACTION SURVEY QUESTIONNAIRE