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Job Satisfaction

"Job satisfaction is defined as "the extent to which people like (satisfaction)


or dislike (dissatisfaction) their jobs"

This definition suggests job satisfaction is a general or global affective reaction that
individuals hold about their job. While researchers and practitioners most often measure
global job satisfaction, there is also interest in measuring different "facets" or
"dimensions" of satisfaction. Examination of these facet conditions is often useful for a
more careful examination of employee satisfaction with critical job factors. Traditional
job satisfaction facets include: co-workers, pay, job conditions, supervision, nature of the
work and benefits."

Job satisfaction, a worker's sense of achievement and success, is generally perceived to


be directly linked to productivity as well as to personal wellbeing. Job satisfaction
implies doing a job one enjoys, doing it well, and being suitably rewarded for one's
efforts. Job satisfaction further implies enthusiasm and happiness with one's work. The
Harvard Professional Group (1998) sees job satisfaction as the keying redient that leads
to recognition, income, promotion, and the achievement of other goals that lead to a
general feeling of fulfillment.

Importance to Worker and Organization

Frequently, work underlies self-esteem and identity while unemployment lowers self-
worth and produces anxiety. At the same time, monotonous jobs can erode a worker's
initiative and enthusiasm and can lead to absenteeism and unnecessary turnover. Job
satisfaction and occupational success are major factors in personal satisfaction, self-
respect, self-esteem, and self-development. To the worker, job satisfaction brings a
pleasurable emotional state that often leads to a positive work attitude. A satisfied worker
is more likely to be creative, flexible, innovative, and loyal.

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For the organization, job satisfaction of its workers means a work force that is motivated
and committed to high quality performance. Increased productivity—the quantity and
quality of output per hour worked—seems to be a byproduct of improved quality of
working life. It is important to note that the literature on the relationship between job
satisfaction and productivity is neither conclusive nor consistent. However, studies dating
back to Herzberg's (1957) have shown at least low correlation between high morale and
high productivity, and it does seem logical that more satisfied workers will tend to add
more value to an organization. Unhappy employees, who are motivated by fear of job
loss, will not give 100 percent of their effort for very long. Though fear is a powerful
motivator, it is also a temporary one, and as soon as the threat is lifted performance will
decline.

Tangible ways in which job satisfaction benefits the organization include reduction in
complaints and grievances, absenteeism, turnover, and termination; as well as improved
punctuality and worker morale. Job satisfaction is also linked to a more healthy work
force and has been found to be a good indicator of longevity. And although only little
correlation has been found between job satisfaction and productivity, Brown (1996) notes
that some employers have found that satisfying or delighting employees is a prerequisite
to satisfying or delighting customers, thus protecting the "bottom line." No wonder
Andrew Carnegie is quoted as saying: "Take away my people, but leave my factories, and
soon grass will grow on the factory floors. Take away my factories, but leave my people,
and soon we will have a new and better factory"

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Creating Job Satisfaction

So, how is job satisfaction created? What are the elements of a job that create job
satisfaction? Organizations can help to create job satisfaction by putting systems in place
that will ensure that workers are challenged and then rewarded for being successful.
Organizations that aspire to creating a work environment that enhances job satisfaction
need to incorporate the following:

• Flexible work arrangements, possibly including telecommuting


• Training and other professional growth opportunities
• Interesting work that offers variety and challenge and allows the worker
opportunities to "put his or her signature" on the finished product
• Opportunities to use one's talents and to be creative
• Opportunities to take responsibility and direct one's own work
• A stable, secure work environment that includes job security/continuity
• An environment in which workers are supported by an accessible supervisor who
provides timely feedback as well as congenial team members
• Flexible benefits, such as child-care and exercise facilities
• Up-to-date technology
• Competitive salary and opportunities for promotion

Probably the most important point to bear in mind when considering job satisfaction is
that there are many factors that affect job satisfaction and that what makes workers happy
with their jobs varies from one worker to another and from day to day. Apart from the
factors mentioned above, job satisfaction is also influenced by the employee's personal
characteristics, the manager's personal characteristics and management style, and the
nature of the work itself. Managers who want to maintain a high level of job satisfaction
in the work force must try to understand the needs of each member of the work force. For
example, when creating work teams, managers can enhance worker satisfaction by
placing people with similar backgrounds, experiences, or needs in the same workgroup.
Also, managers can enhance job satisfaction by carefully matching workers with the type

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of work. For example, a person who does not pay attention to detail would hardly make a
good inspector, and a shy worker is unlikely to be a good salesperson. As much as
possible, managers should match job tasks to employees' personalities.

Managers who are serious about the job satisfaction of workers can also take other
deliberate steps to create a stimulating work environment. One such step is job
enrichment. Job enrichment is a deliberate upgrading of responsibility, scope, and
challenge in the work itself. Job enrichment usually includes increased responsibility,
recognition, and opportunities for growth, learning, and achievement. Large companies
that have used job-enrichment programs to increase employee motivation and job
satisfaction include AT&T, IBM, and General Motors (Daft, 1997).

Good management has the potential for creating high morale, high productivity, and a
sense of purpose and meaning for the organization and its employees. Empirical findings
show that job characteristics such as pay, promotional opportunity, task clarity and
significance, and skills utilization, as well as organizational characteristics such as
commitment and relationship with supervisors and co-workers, have significant effects on
job satisfaction. These job characteristics can be carefully managed to enhance job
satisfaction.

Of course, a worker who takes some responsibility for his or her job satisfaction will
probably find many more satisfying elements in the work environment. Everett (1995)
suggests that employees ask themselves the following questions:

• When have I come closest to expressing my full potential in a work situation?


• What did it look like?
• What aspects of the workplace were most supportive?
• What aspects of the work itself were most satisfying?
• What did I learn from that experience that could be applied to the present
situation?

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Workers' Roles in Job Satisfaction

If job satisfaction is a worker benefit, surely the worker must be able to contribute to his
or her own satisfaction and well-being on the job. The following suggestions can help a
worker find personal job satisfaction:

• Seek opportunities to demonstrate skills and talents. This often leads to more
challenging work and greater responsibilities, with attendant increases in pay and
other recognition.
• Develop excellent communication skills. Employers value and reward excellent
reading, listening, writing, and speaking skills.
• Know more. Acquire new job-related knowledge that helps you to perform tasks
more efficiently and effectively. This will relieve boredom and often gets one
noticed.
• Demonstrate creativity and initiative. Qualities like these are valued by most
organizations and often result in recognition as well as in increased
responsibilities and rewards.
• Develop teamwork and people skills. A large part of job success is the ability to
work well with others to get the job done.
• Accept the diversity in people. Accept people with their differences and their
imperfections and learn how to give and receive criticism constructively.
• See the value in your work. Appreciating the significance of what one does can
lead to satisfaction with the work itself. This helps to give meaning to one's
existence, thus playing a vital role in job satisfaction.
• Learn to de-stress. Plan to avoid burnout by developing healthy stress-
management techniques.

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Assuring Job Satisfaction

Assuring job satisfaction, over the longterm, requires careful planning and effort both by
management and by workers. Managers are encouraged to consider such theories as
Herzberg's(1957) and Maslow's (1943) Creating a good blend of factors that contribute to
a stimulating, challenging, supportive, and rewarding work environment is vital. Because
of the relative prominence of pay in the reward system, it is very important that salaries
be tied to job responsibilities and that pay increases be tied to performance rather than
seniority.

So, in essence, job satisfaction is a product of the events and conditions that people
experience on their jobs. Brief (1998) wrote: "If a person's work is interesting, her pay is
fair, her promotional opportunities are good, her supervisor is supportive, and her
coworkers are friendly, then a situational approach leads one to predict she is satisfied
with her job" (p. 91). Very simply put, if the pleasures associated with one's job outweigh
the pains, there is some level of job satisfaction

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COMPANY PROFILE

Kotak Mahindra old mutual life insurance ltd. Is a joint venture between kotak
Mahindra banks Ltd.? And old mutual plc. At kotak life insurance, we aim to help
customers to take financial Decisions at every stage in life by offering them a wide range
of innovative life insurance Products, to make them financial independent11.

Mr. Gorang shah is the managing director of kotak Mahindra old mutual life insurance
limited.

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KOTAK MAHINDRA GROUP

Established in 1984, the Kotak Mahindra Group has long been one of India’s most
reputed organizations in the financial services domain. Kotak Mahindra Group is
committed for providing high quality financial products, services and support to its
customers; and is structured in different businesses like Banking, Life Insurance, Mutual
Funds, Car Finance, Securities and Institutional equities. As on 31 st December 2006, the
group stands at a net worth of around Rs. 3100 crore, employees around 9600 people in
its various branches providing services at across 300 cities. The Group services around
2.2 million customer accounts11.

OLD MUTUAL Plc.

Old Mutual, a company with 160 years experience in life insurance, is an international
financial services group listed on the London Stock Exchange and included in the FTSE
100 list of companies, with assets under management worth $ 400 Billion as on 30th
June, 2006. For customers, this joint venture translates into a company that combines
international expertise with the understanding of the local market.

The group has a substantial presence in the UK, US and South African markets. The
company is also working in the field of asset management, banking and general insurance
services in over 40countries. As on 31 December 2005, Old Mutual had more than 7
million life insurance policies, 3.6 million banking customers and over 5, 50,000 general
insurance policies11.

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OTHER GROUP COMPANIES OF KOTAK LIFE INSURANCE

KOTAK MAHINDRA BANK LTD


KOTAK MAHINDRA CAPITAL COMPANY LTD
INTERNATIONAL SUBSIDIARIES
KOTAK MAHINDRA PRIME LTD
KOTAK SECURITIES LTD
KOTAK MAHINDRA ASSET MANAGEMENT COMPANY

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HISTORY OF KOTAK LIFE

KOTAK MAHINDRA Old Mutual Life Insurance is a joint venture between KOTAK
MAHINDRA Bank Ltd., along with its affiliates; and Old Mutual plc.

Established in 1984, the KOTAK MAHINDRA Group has long been one of India’s most
reputed organizations in the financial services domain. KOTAK MAHINDRA Group is
committed for providing high quality financial products, services & support to its
customers; and is structured in different business like Banking, Life Insurance, Mutual
Funds, Car Finance, Securities, Institutional Equities and Investment banking. KOTAK
MAHINDRA Finance Ltd. the flagship company of KOTAK MAHINDRA Group was
converted into KOTAK MAHINDRA Bank Ltd. in March 2003, making it the first
NBFC to be offered a banking license. As on 31 st December 2006, the group stands at a
net worth of around Rs. 3100 crore, employing around 9600 people in its various
business and has distribution network of branches, franchisees, representative offices in
New York, London, Dubai and Mauritius. The group service around 2.2 million-customer
accounts 11.

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HISTORY OF INSURANCE

Almost 4,500 years ago, in the ancient land of Babylonia, traders used to bear risk of the
caravan trade by giving loans that had to be later repaid with interest when the goods
arrived safely. In 2100 BC, the Code of Hammurabi granted legal status to the practice.
That, perhaps, was how insurance made its beginning.

Life insurance had its origins in ancient Rome, where citizens formed burial clubs that
would meet the funeral expenses of its members as well as help survivors by making
some payments.

As European civilization progressed, its social institutions and welfare practices also got
more and more refined. With the discovery of new lands, sea routes and the consequent
growth in trade, Medieval guilds took it upon themselves to protect their member traders
from loss on account of fire, shipwrecks and the like.

Since most of the trade took place by sea, there was also the fear of pirates. So these
guilds even offered ransom for members held captive by pirates. Burial expenses and
support in times of sickness and poverty were other services offered. Essentially, all these
revolved around the concept of insurance or risk coverage. That's how old these concepts
are, really.

In 1347, in Genoa, European maritime nations entered into the earliest known insurance
contract and decided to accept marine insurance as a practice.

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The first step...

Insurance as we know it today owes its existence to 17th century England. In fact, it
began taking shape in 1688 at a rather interesting place called Lloyd's Coffee House in
London, where merchants, ship-owners and underwriters met to discuss and transact
business. By the end of the 18th century, Lloyd's had brewed enough business to become
one of the first modern insurance companies.

Insurance and Myth...

Back to the 17th century. In 1693, astronomer Edmond Halley constructed the first
mortality table to provide a link between the life insurance premium and the average life
spans based on statistical laws of mortality and compound interest. In 1756, Joseph
Dodson reworked the table, linking premium rate to age.

Enter companies...

The first stock companies to get into the business of insurance were chartered in England
in 1720. The year 1735 saw the birth of the first insurance company in the American
colonies in Charleston, SC.

In 1759, the Presbyterian Synod of Philadelphia sponsored the first life insurance
corporation in America for the benefit of ministers and their dependents.

However, it was after 1840 that life insurance really took off in a big way. The trigger:
reducing opposition from religious groups.

The growing years...

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The 19th century saw huge developments in the field of insurance, with newer products
being devised to meet the growing needs of urbanization and industrialization.

In 1835, the infamous New York fire drew people's attention to the need to provide for
sudden and large losses. Two years later, Massachusetts became the first state to require
companies by law to maintain such reserves. The great Chicago fire of 1871 further
emphasized how fires can cause huge losses in densely populated modern cities. The
practice of reinsurance, wherein the risks are spread among several companies, was
devised specifically for such situations.

In the 19th century, many societies were founded to insure the life and health of their
members, while fraternal orders provided low-cost, members-only insurance.

Even today, such fraternal orders continue to provide insurance coverage to members as
do most labor organizations. Many employers sponsor group insurance policies for their
employees, providing not just life insurance, but sickness and accident benefits and old-
age pensions. Employees contribute a certain percentage of the premium for these
policies.

In India...

Insurance in India can be traced back to the Vedas. For instance, yogakshema, the name
of Life Insurance Corporation of India's corporate headquarters, is derived from the Rig
Veda. The term suggests that a form of "community insurance" was prevalent around
1000 BC and practiced by the Aryans.

Burial societies of the kind found in ancient Rome were formed in the Buddhist period to
help families build houses, protect widows and children.

Bombay Mutual Assurance Society, the first Indian life assurance society, was formed in
1870. Other companies like Oriental, Bharat and Empire of India were also set up in the
1870-90s.

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It was during the swadeshi movement in the early 20th century that insurance witnessed
a big boom in India with several more companies being set up.

As these companies grew, the government began to exercise control on them. The
Insurance Act was passed in 1912, followed by a detailed and amended Insurance Act of
1938 that looked into investments, expenditure and management of these companies'
funds.

By the mid-1950s, there were around 170 insurance companies and 80 provident fund
societies in the country's life insurance scene. However, in the absence of regulatory
systems, scams and irregularities were almost a way of life at most of these companies.

As a result, the government decided nationalizes the life assurance business in India. The
Life Insurance Corporation of India was set up in 1956 to take over around 250 life
companies.

For years thereafter, insurance remained a monopoly of the public sector. It was only
after seven years of deliberation and debate - after the RN Malhotra Committee report of
1994 became the first serious document calling for the re-opening up of the insurance
sector to private players -- that the sector was finally opened up to private players in
2001.

The Insurance Regulatory & Development Authority, an autonomous insurance regulator


set up in 2000, has extensive powers to oversee the insurance business and regulate in a
manner that will safeguard the interests of the insured17.

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FUTURE OF INSURANCE IN INDIA

As per a recent report “Indian Insurance Industry Forecast (2007-2009)” published by


RNCOS, it has been found that “Life insurance market in India will likely reach around
Rs 1683 Billion by the year 2009. Changing consumer behavior, GDP growth rate,
changing socio economic demography, and natural calamities occurring from time to time
will remain the key contributors in this growth.”

April 2007, current FY’s first month, saw new businesses expand by 49%, whereas
general insurance players witnessed 16% increase during the same month.
Outstanding performance of SBI Life, ICICI Prudential, and LIC helped the Indian life
insurance industry in mopping up almost Rs 2,892 crore in April this year, whereas it was
Rs 1,996 crore in the same month last year. On the other hand, Reliance Life, ING Vysya,
and Bajaj Allianz were amongst those insurers that came across a decline in their
premium collection over the review period, as per the data compiled by Insurance
Regulatory & Development Authority16.

Selling almost 15, 89,684 policies during this April, LIC - the largest life insurer in India
-witnessed 57% growth in its new premiums that reached to Rs 2,134 crore. LIC grabbed
a market share of almost 71.56% during this April. Non-life or general insurance industry
saw a growth of 16% during this month, and ICICI Lombard was the second largest
player in this segment. Business Standard published this in news on 14 June 2007.

Looking at the current scenario, it can be made out that the four established public-sector
players namely, National Insurance, United India, Oriental Insurance, and New India
Assurance, may have to face stiff competition from private players like Bajaj Allianz,
Reliance General, and ICICI Lombard, as per Business Standard.

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According to RNCOS report “Indian Insurance Industry Forecast (2007-2009)”,
“Performance of life insurance industry remained better in comparison to non life
segment over the five year period spanning 2001-2005. Some qualitative factors, like the
deregulation rate of insurance market, and implementation rate of technologies prevailing
in the market, need to perform up to the industry expectations in order to improve the
growth rate of Indian life insurance market.”

This report provides an objective analysis of all aspects of Indian insurance industry. The
issues addressed in this report include: prospective investment areas in Indian life
insurance industry, market strategies adopted by key players in this segment,
opportunities and challenges present in this industry, and so on15.

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LIFE INSURANCE ADVANTAGES

Some of the life insurance advantages offered by different types of Life Insurance
Policies are:

 Life Insurance policies can help secure the future of children for
college/educational purposes as the amount of life Insurance Policy increases on a
minor’s or parent’s life.
 Life Insurance provides the option to pass equal assets to the children who are not
active in the Family business at the time the family business is passed on.
 The growth of a cash-value policy is tax-deferred - you do not pay taxes on the
cash value accumulation until you withdraw funds from the policy.
 Life Insurance helps retain your Business from the loss of a key employee.
Untimely death of a key employee can pose severe financial loss to the business.
 A lot of Insurance products presently provide good returns, which could be a
beneficial way for saving necessary funds for retirement years.
 Benefits are available immediately and may be used to help pay expenses such as
final illness and funeral costs, eliminating the need to sell estate assets to cover
these costs.

A carefully signed Life Insurance Policy with desired ownership and beneficiary
arrangements helps secure you and your family in the long term15.

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CORPORATE STRUCTURE

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FINANCIAL STRUCTURE

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LITERATURE REVIEW

The literature survey conducted here include the academic books and website. the study
being conducted was “to evaluate the effectiveness of recruitment and selection policy in
relation with increasing attrition problem.”

Gui L, Barriball KL, While AE.

2nd Military Medical University, School of Nursing, Shanghai, PR China.

Job satisfaction among nurses is of concern throughout the world but the
satisfaction of nurse teachers has received less attention and no review of global
research on the topic has been published. A comprehensive literature review
(1976-2007) was undertaken from an international perspective (n=26 papers and
4 doctoral abstracts) to examine the state of knowledge about nurse teachers' job
satisfaction over time. Coverage over the last 30 years was selected to examine if
the level and contributing factors to nurse teachers' job satisfaction have changed
during a time which has seen considerable developments and reorganization of
nurse education as well as the role of nurse teachers. The purpose of this Part I
paper is to: (i) review the different measurements of job satisfaction, (ii) report
the job satisfaction levels of nurse teachers and, (iii) identify the components of
job satisfaction of nurse teachers. This paper provides the foundation for the Part
II paper which reviews the literature regarding the effects and related factors of
nurse teachers' job satisfaction.

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1. Prasad L.M. “Human resource management” pp219-purpose and
importance of Recruitment & selection can not be ignored as by this org.

2. Bhattacharyya Kumar Dipak, “Human resource management” Excel


books pp166.-what is basically recruitment, its introduction, how to carry out
recruitment..

3. Dwivedi R.S. “Managing Human Resource, Personnel Management”


(Indian enterprises, Galgotia publishing company, New delhi,1st edition,
pp96-97 -what is a recruitment policy .what factors should be include while
formulating.

4. Rao V.S.P, Human Resource Management”, Excel books,1st edition,pp151.


Importance of tests while selecting the candidates for the job, as these tests
help the interviewer to better judge the candidate his competency for the
particular jobs.

5. Bernardin John H, “Human Resource Management”, Tata Mc Graw Hill


publishing company ltd., New Delhi, pp 160-163.the effectiveness of selection
method depends upon the reliability of the data ,validity of the purpose &
utility of the methods.

6. Gulati Ambika, “Training and Management”, vol3, aug07, pp18-19,


Importance of recruitment function in an organisation.

7. Gulati Ambika,” Training and Management”, vol3, june 07,pp46-4 -


changing role of Human Resource

8. Gulati Ambika, “Training and Management”,vol3 a single click for all


recruitment solutions.

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9. Rao Janardhan N, “MBA Review”mar07,pp33-37.-Paradigam shifts in
human resources.

10. Kothari C.B. “Research Methodology-Methods & Techniques”, new age


international research methodology

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OBJECTIVES OF THE STUDY

• To find that whether the employees are satisfied or not.

• To analyse the company’s working environment.

• To check the Degree of satisfaction of employees.

• To find that they are satisfied with their job profile or not.

• To find that employees are working with their full capabilities or not.

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RESEARCH METHODOLOGY

Research methodology is a way to systematically solve the problem. It may be


understood has a science of studying how research is done scientifically. In it we study
the various steps that all generally adopted by a researcher in studying his research
problem along with the logic behind them.
The scope of research methodology is wider than that of research method.

Meaning of Research

Research is defined as “a scientific & systematic search for pertinent information on a


specific topic”. Research is an art of scientific investigation. Research is a systemized
effort to gain new knowledge. It is a careful inquiry especially through search for new
facts in any branch of knowledge. The search for knowledge through objective and
systematic method of finding solution to a problem is a research.

RESEARCH DESIGN

A research is the arrangement of the conditions for the collections and analysis of the data
in a manner that aims to combine relevance to the research purpose with economy in
procedure. In fact, the research is design is the conceptual structure within which research
is conducted; it constitutes the blue print of the collection, measurement and analysis of
the data. As search the design includes an outline of what the researcher will do from
writing the hypothesis and its operational implication to the final analysis of data.

The design is such studies must be rigid and not flexible and most focus attention on the

following 2;

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Research Design can be categorized as:

TYPES OF RESEARCH
DESIGN

EXPLORATORY DESCRIPTIVE EXPERIMENTAL


RESEARCH & RESEARCH
DESIGN DIAGNOSTIC DESIGN
RESEARCH DESIGN

The present study is exploratory in nature, as it seeks to discover ideas and insight to brig
out new relationship. Research design is flexible enough to provide opportunity for
considering different aspects of problem under study. It helps in bringing into focus some
inherent weakness in enterprise regarding which in depth study can be conducted by
management.

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DATA COLLECTION

For any study there must be data for analysis purpose. Without data there is no
means of study. Data collection plays an important role in any study. It can be collected
from various sources. I have collected the data from two sources which are given below:

1. Primary Data

• Personal Investigation

• Observation Method

• Information from correspondents

• Information from superiors of the organization

2. Secondary Data

• Published Sources such as Journals, Government Reports, Newspapers and

Magazines etc.

• Unpublished Sources such as Company Internal reports prepare by them given to

their analyst & trainees for investigation.

• Websites like KOTAK’S official site, some other sites are also searched to find

data.

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Scope Of The Study

The scope of the study is very vital. Not only the Human Resource department can use
the facts and figures of the study but also the marketing and sales department can take
benefits from the findings of the study.

Scope for the sales department

The sales department can have fairly good idea about their employees,tat they are
satisfied or not.

Scope for the marketing department

The marketing department can use the figures indicating that they are putting their efforts
to plan their marketing strategies to achieve their targets or not.

Scope for personnel department

Some customers have the complaints or facing problems regarding the job. So the
personnel department can use the information to make efforts to avoid such complaints.

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Sample Size :-
Questionare is filled by 20 employees of Kotak life Insurance, Kaithal.

The questionnaire was filled in the office and vital information was collected which was
then subjects to:-

 A pilot survey was conducted before finalizing the questionnaire.


 Data collection was also done with the help of personal observation.
 After completion of survey the data was analysed and conclusion was drawn.
 At the end all information was compiled to complete the project report.

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Analysis &
Interpretation

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I have been passed up at least once for
a promotion in the past few years.

0% 20%

50%
30%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 0% of employees are strongly agree about the point , 20% of
employees are agree on the point, 30% are neither agree nor disagree,50% are disagree
and rest 0% of employees are strongly disagree.

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I spend parts of my day daydreaming
about a better job.

10% 0%
15%

15% 60%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 60% of employees are strongly agree about the point , 15% of
employees are agree on the point, 15% are neither agree nor disagree,10% are disagree
and rest 0% of employees are strongly disagree.

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I find much of my job repetitive and
boring.

10% 5% 0%
10%

75%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 75% of employees are strongly agree about the point , 10% of
employees are agree on the point, 10% are neither agree nor disagree,5% are disagree and
rest 0% of employees are strongly disagree.

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I am mentally and/or physically
exhausted at the end of a day at work.

10% 5% 0%

85%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 85% of employees are strongly agree about the point , 10% of
employees are agree on the point, 5% are neither agree nor disagree,0% are disagree and
rest 0% of employees are strongly disagree.

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I feel that my job has little impact on the
success of the company.

20% 0%

50%
30%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 50% of employees are strongly agree about the point , 30% of
employees are agree on the point, 20% are neither agree nor disagree,0% are disagree and
rest 0% of employees are strongly disagree.

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I have an increasingly bad attitude
toward my job, boss, and employer

20% 0% 20%

60%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 0% of employees are strongly agree about the point , 0% of
employees are agree on the point, 20% are neither agree nor disagree,60% are disagree
and rest 20% of employees are strongly disagree.

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I am no longer given the resources I
need to successfully do my job.

0% 10%

30%
60%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 10% of employees are strongly agree about the point , 30% of
employees are agree on the point, 60% are neither agree nor disagree,0% are disagree and
rest 0% of employees are strongly disagree.

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I am not being used to my full
capabilities.

0%
40% 40%

20%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 0% of employees are strongly agree about the point , 40% of
employees are agree on the point, 20% are neither agree nor disagree,40% are disagree
and rest 0% of employees are strongly disagree.

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I have received no better than "fair"
evaluations recently.

25% 0%
40%

35%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 40% of employees are strongly agree about the point , 35% of
employees are agree on the point, 25% are neither agree nor disagree,0% are disagree and
rest 0% of employees are strongly disagree.

- 42 -
I feel as though my boss and employer
have let me down.

0% 10%
35%

55%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 0% of employees are strongly agree about the point , 0% of
employees are agree on the point, 10% are neither agree nor disagree,55% are disagree
and rest 35% of employees are strongly disagree.

- 43 -
I often feel overworked and
overwhelmed.

0%
35%
45%

20%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 45% of employees are strongly agree about the point, 20% of
employees are agree on the point, 35% are neither agree nor disagree,0% are disagree and
rest 0% of employees are strongly disagree.

- 44 -
I am frequently stressed out at work.

0% 20%

50% 15%

15%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 0% of employees are strongly agree about the point, 20% of
employees are agree on the point, 15% are neither agree nor disagree,15% are disagree
and rest 50% of employees are strongly disagree.

- 45 -
I live for weekends and days away
from the job.

0% 10%

30%
60%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 0% of employees are strongly agree about the point, 0% of
employees are agree on the point, 10% are neither agree nor disagree,30% are disagree
and rest 60% of employees are strongly disagree.

- 46 -
I find myself negatively comparing my
situation to my peers.

20% 0% 15%

25%
40%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 0% of employees are strongly agree about the point, 15% of
employees are agree on the point, 25% are neither agree nor disagree,40% are disagree
and rest 20% of employees are strongly disagree.

- 47 -
I feel my bad days at work outweigh the good
ones.

0% 25%
45%

30%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 25% of employees are strongly agree about the point, 30% of
employees are agree on the point, 45% are neither agree nor disagree,0% are disagree and
rest 0% of employees are strongly disagree.

- 48 -
I often experience a sensation of time standing
still when I am at work.

20% 0% 15%

35%
30%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 15% of employees are strongly agree about the point, 35% of
employees are agree on the point, 30% are neither agree nor disagree,20% are disagree
and rest 0% of employees are strongly disagree.

- 49 -
I have been told that I am becoming a more
cynical person.

Strongly Agree

0% 10% Agree
35%
25%
Neither Agree nor
Disagree
Disagree
30%
Strongly Disagree

This graph shows that 10% of employees are strongly agree about the point, 25% of
employees are agree on the point, 30% are neither agree nor disagree,35% are disagree
and rest 0% of employees are strongly disagree.

- 50 -
I feel as though my employer has broken
promises about my future with the organization.

0% 10%
40% 25%

25%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 0% of employees are strongly agree about the point, 10% of
employees are agree on the point, 25% are neither agree nor disagree,25% are disagree
and rest 40% of employees are strongly disagree.

- 51 -
I have lost sight of my career goals and
aspirations.

15% 0% 15%

25%
45%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 15% of employees are strongly agree about the point, 25% of
employees are agree on the point, 45% are neither agree nor disagree,15% are disagree
and rest 0% of employees are strongly disagree.

- 52 -
I no longer feel valued for my work.

10% 25%
20%

20% 25%

Strongly Agree Agree


Neither Agree nor Disagree Disagree
Strongly Disagree

This graph shows that 25% of employees are strongly agree about the point, 25% of
employees are agree on the point, 20% are neither agree nor disagree,20% are disagree
and rest 10% of employees are strongly disagree.

- 53 -
Findings

o Employees are not completely satisfied with their job although their salary
is good enough.

o Employes are not getting value to their work.

o Most of employees think that they are nt on their actual path.

o Most of the employees think that the organization haven’t fulfill their
promises,what they do in beginning especially regarding Promotion.

o There is negatively comparison between peers especially regarding targets.

o They often feel overworked.

- 54 -
SUGGESTIONS AND RECOMMENDATIONS

To increase the job satisfaction level of the employees the company should concentrate
mainly on the incentive and reward structure rather than the
motivational session.

• Ideal employees should concentrate on their job.

• Educational qualification can be the factor of not an effective job.

• Company should give promotion to those employees who deserves it.

- 55 -
LIMITATIONS OF STUDY

However I shall try my best in collecting the relevant information for my research report,
yet there are always some problems faced by the researcher. The prime difficulties which
I face in collection of information are discussed below:-

1. Short time period: The time period for carrying out the research was short as a
result of which many facts have been left unexplored.

2. Lack of resources: Lack of time and other resources as it was not possible to
conduct survey at large level.

3. Small no. of respondents: Only 20 employees have been chosen which is a


small number, to represent whole of the population.

4. Unwillingness of respondents: While collection of the data many consumers


were unwilling to fill the questionnaire. Respondents were having a feeling of
wastage of time for them.

5. Small area for research: The area for study was Kaithal, which is quite a small
area to judge job satisfaction level.

- 56 -
BIBLIOGRAPHY

BOOKS

1. Kothari C.R., Research Methodology, New Delhi; New Age International


Publication, second edition.

2. Ashwathapa K., Human Resource Management (third edition), Tata Mc Graw Hill
Publication Company Ltd. Page no. 81-136,171,179,267,284.

3. Chhabra. , T. N. Human Resource Management ,Dhanpat Rai $Co(P)Ltd. India,ninth


edition.

4. Monnapa Arun., Human Resource Management ,Tata Mc Graw Hill Publication


Company Ltd.

WEBSITES:-

a. www.kotaklifeinsurance.com/home/products

b. www.kotak.com/coms2/product-compint-0000950756-page.html

c. www.irda.org/insurance/benefits-kotak,-ind

d. www.ask.com-/meaning-insurance/history//-

e. www.ibef.org/industry/insurance-trend/in

- 57 -
ANNEXURE

QUESTIONNAIRE

NAME: ………………………………………….
DESIGNATION: ……………………………….
COMPANY: …………………………………….

1. I have been passed up at least once for a promotion in the past few years.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

2. I spend parts of my day daydreaming about a better job.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

3. I find much of my job repetitive and boring.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

- 58 -
4. I am mentally and/or physically exhausted at the end of a day at work.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

5. I feel that my job has little impact on the success of the company.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

6. I have an increasingly bad attitude toward my job, boss, and employer .

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

7. I am no longer given the resources I need to successfully do my job.

• Strongly Agree
• Agree
• Neither Agree nor Disagree

- 59 -
• Disagree
• Strongly Disagree

8. I am not being used to my full capabilities.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

9. I have received no better than "fair" evaluations recently.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

10. I feel as though my boss and employer have let me down.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

11. I often feel overworked and overwhelmed.

• Strongly Agree
• Agree

- 60 -
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

12. I am frequently stressed out at work.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

13. I live for weekends and days away from the job.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

14. I find myself negatively comparing my situation to my peers.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

15. I feel my bad days at work outweigh the good ones.

- 61 -
• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

16. I often experience a sensation of time standing still when I am at work.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

17. I have been told that I am becoming a more cynical person.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

18. I feel as though my employer has broken promises about my future with the
organization.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree

- 62 -
• Strongly Disagree

19. I have lost sight of my career goals and aspirations.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

20. I no longer feel valued for my work.

• Strongly Agree
• Agree
• Neither Agree nor Disagree
• Disagree
• Strongly Disagree

- 63 -