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I would like to express my gratitude to Mr. Prakash Tiwari (Professor), DIT under whom I
started my dissertation. He gave me the perfect environment full guidance for my overall
development and deep knowledge.
I would also like to thank all faculty members of Department of Management Studies, DIT
without whose motivation and encouragement I would not have been able to complete my
dissertation successfully.
Appreciation also goes to all those faculty members of different institutes who made my field
work possible and enjoyable experience for me.
In the last but not least I would like to thank my family, friends and all those who have been
constant source of inspiration to me.
There was a time when the employees of an organization were considered as a cost to the
company. Not anymore, today the people of an organization are its biggest assets.
The present business scenario has resulted in a sea change in the Indian market place. It has
above all caused business organizations to be faced with intense competition which has thrown
up the challenge of new approaches to the business and new ways of doing things to retain and
improve competitiveness. Hence philosophically, employee retention is important; in almost all
cases, it is senseless to allow good people to leave your organization. The excellent climate for
the employees is of paramount importance to an organization and their state of mind has a great
impact on the employee retention. Since employees have an important role in the industrial
production of the country. It is very necessary to seek the co-operation and commitment of the
employees. This is possible only when they are fully satisfied with employees and the working
condition in the company.
Keeping this in view almost all organizations today conduct the surveys to gauge ³The retention
strategies in different organizations.´ This project is a pilot for the survey conducted for the
faculties of engineering institutes in Dehradun city. The report presents the main findings of the
research study done in DIT, UIT and GRAPHIC ERA in Dehradun in order to know the
retention level from the various activities undertaken in the engineering institutes.
The research was carried out mainly through a questionnaire. A lot of forethought went into the
design of the questionnaire. The questionnaire was designed such that it consumes as less time as
possible and is answered with ease. A standard ³five point Likert scale´ was used throughout the
questionnaire in order to measure the responses.
The retention level of the employees was mainly measured on the basis of different attributes:
pay structure, rewards and recognition, rules and regulations, level of motivation, job satisfaction
etc. The number of respondents was 60. The sample was a homogenous mix of employees
randomly selected from the departments. The analysis of the data has been done with the help of
pie-charts.
Before switching over to research study the primary knowledge about the organization.
The study reveals that the attrition rate in engineering institutes is high. The result reveals that
favorable working conditions, appropriate pay structure, flexible rules and regulations and high
motivation leads to employee retention in institutes.
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1.1 Human Resource Management««««««««««««««.«««««.1
1.2 Employee Retention««««««««««««««« ««««.««««.2
1.3 The Importance of Retaining Employees«««««««. .««««.««.......4
1.4 The Three Rs of Employee Retention«««««««««..««««.««.....4
1.5 A steadfast philosophy that sets employee retention strategies apart««..«......6
1.6 Kei¶s employee retention wheel««««««««««««««««.«........7
1.7 Ten reasons why employees leave««««««««««««««.««.......11
1.8 Benefits of investing in employee retention««««««««««.«««....15
1.9 Myths about employee morale prevent companies from achieving retention
success .«««««««««««««««««««««««««..««..15
1.10 Ten factors that affect employee retention««««««««««...«««....19
1.11 Reason for employee to come to the organization«««...««««««.........23
1.12 Reasons for employee to stay with the organization«««««««««........23
1.13 Solution for the problem««««««««««««««««...«««........23
1.14 Employee recognition increases retention«««««««««««««........27
1.15 Retention strategies help to drive revenue growth«.«««««««««......28
1.16 Objective of the study«««««««««««««««««««..«.........31
1.17 Scope of the study«««««««««««««««««««««..«......31
1.18 Research methodology«««««««««««« «««««««..«....32
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2.1 Increasing turnover rates««««««««««««««««««..........33
2.2 Employee turnover is expensive«««««««««««««...«««...33
2.3 Environments that bred turnover««««««««««««««.«««34
2.4 Fostering employee commitment«««««««««««««..««.......35
2.5 Increasing employee motivation«««««««««««««...««.......36
2.6 Companies affecting change in the workplace«««««««««««..37
2.7 Training and orientation««««««««««««««...«««««.38
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3.1 Demographic Analysis of the faculties of engineering colleges«««««42
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4.1 Analysis of Different Colleges«««««««««««««««««...48
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5.1 Major Findings««««««««««««««««««««««««81
5.2 Conclusion««««««««««««««««««««««««.......83
5.3 Recommendation«««««««««««««««««««««««84
5.4 Limitations«««««««««««««««««««««««««..85
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