Professional Documents
Culture Documents
ON
+-BY
MOHIT GARG
IN PARTIAL FULFILLMENT OF
Bachelors in Business administration
PREFACE
I am lucky that, I got an opportunity for making the project report on CADBURY INDIA
LTD. I visited to the company for two months and I prepare my project report on the topic
Employees Retention in Cadbury. And the study is divided into various chapters to get knowledge.
I also considered some published material on the particular topic as well as about the concern. This
helps me in boosting up my confidence and determination which will help me to face the situation in
coming years. This report is written account of what I learnt and experienced during my project. I
wish, those going through it will not only find it readable but also get as useful Information. During
this whole training I got a lot of experience and came to know about the management practices in
real that how it differs from those of theoretical knowledge and the practically in the real life.
In todays globalize world, where cutthroat competition is prevailing in the market,
theoretical knowledge is not sufficient. Beside this one need to have practical knowledge, which
would help an individual in his/her carrier activities and it is true that Experience is best teacher.
ACKNOWLEDGEMENT
At the very outset, I am highly indebted to the all powerful ALMIGHTY GOD for all the
blessings he showered on me and for being with me throughout the study.
I would like to express my sincere thanks to MISS. Sonali Sobti (HR Branch Manager),
CADBURY INDIA LTD., Gurgaon Branch office and Mr.Amarjeet Khalsa, Director, HMR
Institute of Technology and Management, who provided me an opportunity to do this project in
his esteemed organization and for giving his valuable time and exemplary guidance during my
training, without his constant encouragement it would have been impossible to test my theoretical
knowledge.
I would like to place on record my sincere gratitude and appreciation to my project guide,
Professor, for her kind co-operation and guidance which enabled me to complete my project.
I extend my gratitude to the entire staff of CADBURY INDIA LTD for their diligently
attention, cooperation, precious advice, a very congenial environment and sophisticate facilities
during the course of the project
I would also express my profound sense of gratitude to all lecturers of HMR Institute Of
Technology and Management for giving immense inspiration throughout my BBA course, whose
teaching not only acted merely as drop of ink rather it has acted as a stone upon which the training is
based.
I also take this opportunity to express my deed gratitude to my loving parents and friends
who are a constant source of motivation and for their never ending support and encouragement
during this project.
ROHAN SAXENA
MEANING OF PROJECT
The word Project has great specification in the field of management before starting any
work we must have an idea about its basic. The meaning of the PROJECT is as follows: -
P The word p signify the phenomenon of planning, which deals symbolization and
proper arrangement of sensex and suggestion on respectively in accordance with need.
R It stand for associated with word resource with which guides to promote planning.
J This letter stands for joint efforts i.e. Project work which is undertaking should be
completed with a combined effort.
C This stands for the phenomenon of constriction on which is more essentially and basic
form of work.
T This stands for the techniques unless techniques to work is not Known.
CONCLUSION
Executive Summary
Job satisfaction represents the constellations of persons attitude towards or about the
job. In general, job satisfaction is the attitude towards the job as a whole. Job satisfaction is a
function of satisfaction with different aspects of job, i.e. supervision, pay, works itself, co-workers,
promotion, etc., and of the particular weighting or importance one attaches to these respective
components.
Employee job Satisfaction was a much popularized subject during the 1980s and 1990s,
where much of the literature (Stoner & Wankel, 1986; Brewster, Dowling, Grobler, Holland &
Warnich, 2000), focused on the link between Employee Satisfaction and Employee Performance.
Subsequent research has, however, proven that this link is not particularly strong, (Kreitner &
Kinicki, 2005; Ivancevich & Matteson, 2002). What recent research has confirmed is that there is a
clear reciprocal relationship between Employee Satisfaction and Customer Satisfaction (Kraut,
1996). For example, one of the most detailed studies undertaken was that carried out by Heskett,
Sasser and Schlesinger (1995). The authors point out that, When companies put employees and
customers first, their employees are satisfied, their customers are loyal, their profits increase, and
their continued success is sustained (as cited in Bailey & Dandrade, 1997).
The concept of Employee Satisfaction can be traced back to Edward Thorndike, who in the
early 1900s published an article in the Journal of Applied Psychology where he explored the
relationship between work and satisfaction. The concept of Employee Satisfaction has certainly been
researched very thoroughly over the years and has been linked to many other issues like employee
loyalty, employee commitment, employee engagement and job satisfaction.
One of the most quoted theorists is Hertzberg who during the 1950s developed his theory
which identified two dimensions of satisfaction, namely motivation and hygiene. Hertzberg
maintained that the hygiene factors could not motivate employees but rather helped minimize
dissatisfaction levels if addressed. These hygiene factors include topics such as; company policies,
supervision, salary, interpersonal relationships and working conditions. The motivating factors
addressed topics such as: the work itself, achievement, recognition, responsibility, and advancement.
If continuously good levels are maintained in respect of these topics, a motivated work force is
created.
Modern management considers human being as resource and it is an importance for the
success of any organization. It is the strength and aid. Therefore employees attitudes, interest
quality,
job satisfaction, etc., have a bearing productivity of a firm unless the management is able to
recognize employees needs and wants they will lose motivation and morale and it will affect the best
interest of the firm.
Work is one of the most important activities in a persons life .Who do have satisfying job
rarely have fully satisfying lives. Dissatisfaction in work can lead in many circumstances to lower
production and friction on the job. So that it must be considered by the management and steps should
be taken to find out the factors which cause job dissatisfaction and to reduce such dissatisfaction. In
general employee satisfaction is the attitude towards the work environment, salary, relationship with
their colleagues, job security, grievance handling, performance appraisal, training and development,
management style, quality policy, career counseling and so on.
In this project factors that are taken into consideration for the employee satisfaction are:
Work Environment:
Work environment is the atmosphere to which the employee is actually exposed. This
constitutes a major portion of the influence on the employees. This typically included the quantum of
work allotted, nature and complexities, system being followed, support from colleagues etc.
Relationship with the Superiors and Subordinates:
Healthy and cordial relationship in the department will not only provide healthy environment
but also paves way for smooth flow of work, increases productivity and qualitative performance.
Relationship with Colleagues:
Better understanding and friendly relations with colleagues is necessity for a good
environment. Joining hands together and helping each other enhance stability and confidence among
themselves that contributes to the security and improve performance as a whole.
Motivation and Recognition:
The level of performance of an employee is a function of his abilities. If there is a strong
positive motivation, the output increases and decreases if it is negative. Motivation is a core element
of management which shows that every human being earnestly seeks a secure, friendly and
supportive relationship that gives him a sense of warmth and recognition in groups that are most
important to him.
Salary:
Salaries are influenced by the size of the company, by a specific industry and in part by the
contribution of the incumbent to the process of decision making. The bigger the firm, the greater is
the compensation to the employees. The more attractive the salary, the more attractive will be the
performance of the employees.
Job security:
A person who is satisfied with the current job would continue to remain in the same job. So job
security plays a crucial role in the maintenance of job satisfaction among employees.
Grievance handling:
This is a corrective measure however important when grievances or difficulties or constraints enter in
on employees job. The approaches of management, time taken to provide counter measures etc are
the constraints of this factor.
Performance appraisal:
Most firms do not have a choice whether or not it should appraise its personnel and their
performance of the hired personnel will be evaluated by someone at sometime.
Management practices:
The approach of the management towards employees in the interfaces like appraisal and reward
schemes, permitting employees in the interfaces like appraisal and reward schemes, permitting
employees to participate in the organizational issues etc, is also determining the employee
satisfaction. This company has set employee of the year award etc, ensures positive management
approach. These approaches have made the employees to have a good view over their job.
Opportunities for development:
This is a factor strongly related to the higher order needs of the employees on their personal
development. Many people like a challenging job, since that assures them to think and undergo series
development measures. This factor is an essential one for satisfaction of permanent employees.
Quality policy:
Quality is a core concept that rules todays business. It is a non comprising factor of any industry in
todays business world. Companies would adopt themselves to the recognize quality standards to
sustain in the market and to provide a better working condition to the employees and job security.
The study on employee satisfaction is relatively recent phenomenon. It can perhaps be said to have
begun in earnest with the famous Hawthrone experiment conducted by Elton Mayo at western
electrical company in 1920s. During the course of their investigation, however they became
Convinced that the factors of social nature were affecting employee satisfaction with the job and
productivity. Since the Hawthrone studies, there has be enormous output of work on the nature,
causes, correct employee satisfaction. The traditional model of employee satisfaction is that it
consists of training and development, salary, management style, quality policy than an individual has
about his work. The total body of influence of the job, the nature of the job itself, the pay, the
promotion prospects, nature of supervision and so on, where the sum total of influences gives to rise
to the feeling of employee satisfaction, the employee is satisfied, where in total, they give rise to
psychological and environmental circumstances that cause a person truly to say I am Satisfied.
Employee satisfaction means a pleasurable positive emotional state resulting from the appraisal of
ones feelings.
This research named A Study on employee welfare in CADBURY INDIA LIMITED anticipates
identifying the various factors and the extent to which they affect the satisfaction level of the
employees.
Employee satisfaction and welfare is very crucial for every organization because higher satisfaction
level and welfare of the employee have a positive impact on productivity, performance, and
individuals physical and mental health, profitability, improve quality of products or services and
reduce absenteeism, employee turnover, dispute between labour and management. This gives a
competitive edge to the company over its competitors.
The study tries to cover each and every factor that effect employee welfare and satisfaction level,
weather it is HR policies (recruitment policy, promotion policy, compensation policy etc.) and HR
practices (training and development, performance appraisal, motivation techniques etc.) or some
other personal factor (gender, age, qualification etc.).
The research includes each and every factor because even a single factor can lower satisfaction level
and moral of the employee, which in turn leads to absenteeism, accidents, low productivity etc. and
ultimately effect the organizational goal.
The research will help the company to gain the benefits of higher employee satisfaction level and
have a competitive edge over its competitors.
Area of study
The area of the study is the branch office of the CADBURY INDIA LIMITED, Gurgaon Haryana
Research methodology
The research includes both primary and secondary data. The information from the respondents is
collected through questionnaire. The primary data was collected form employees of the CADBURY
INDIA LIMITED and secondary data is collected from the books.
The sample size is 60 and samples are selected on the basis of convenient from every department of
the company.
Questions are framed in such a way that the answers reflect the ideas and thoughts of the respondents
with regard to level of satisfaction. For job related factors like scale (five rating scale) is used in
which respondents are required to show their level of satisfaction from 1 to 5 (1= Strongly Agree, 2=
Agree, 3= Neutral, 4= Disagree, 5=Strongly Disagree) and for personal factor simple category scale
is used and respondents are required to tick at the appropriate box. Some facts revealed in the study
are bases on personal observations also.
But Bharat Puri, managing director of Cadbury India will never forget the batch of Dairy Milk
chocolates numbered 28F311 manufactured last year at the company's plant in Thane, near Mumbai.
That was the worm-infested batch that triggered a crisis for the company that had always prided itself
on its squeaky clean image.
The timing of the controversy couldn't have been worse. Festival season sales (Cadbury sells almost
1,000 tonnes of chocolates during Diwali) plummeted 30 per cent.
Until then, in the country's FMCG sector plagued by slow, low single digit top line and bottom-line
growth, Cadbury was a sweet exception. But its net profit in 2003 dipped 37 per cent to Rs 45.6 crore
(Rs 456 million) as compared to a 21 per cent increase the previous year.
Now, a year later, Cadbury says that consumers have long forgotten the controversy and are back to
their merry chocolate-chomping ways.
"Sales are back to the pre-controversy levels. Consumer confidence in the product is back and there
has been a steady progression in sales," says Sanjay Purohit, head (marketing) Cadbury India. The
company expects to close the year with a high double digit sales growth.
Company Overview
Cadbury began its operations in 1948 by importing chocolates and then re-packing them before
distribution in the Indian market. After 59 years of existence, it today has five company-owned
manufacturing facilities at Thane, Induri (Pune) and Malanpur (Gwalior), Bangalore and Baddi
(Himachal Pradesh) and 4 sales offices (New Delhi, Mumbai, Kolkata and Chennai). The corporate
office is in Mumbai.
Our core purpose "Working together to create brands people love" captures the spirit of what we are
trying to achieve as a business. We collaborate and work as teams to convert products into brands.
Currently Cadbury India operates in three sectors viz. Chocolate Confectionery, Milk Food Drinks
and in the Candy category.
In the Chocolate Confectionery business, Cadbury has maintained its undisputed leadership over the
years. Some of the key brands are Cadbury Dairy Milk, 5 Star, Perk, clairs and Celebrations.
Cadbury enjoys a value market share of over 70% - the highest Cadbury brand share in the world!
Our flagship brand Cadbury Dairy Milk is considered the "gold standard" for chocolates in India.
The pure taste of CDM defines the chocolate taste for the Indian consumer.
In the Milk Food drinks segment our main product is Bourn vita - the leading Malted Food Drink
(MFD) in the country. Similarly in the medicated candy category Halls is the undisputed leader. We
Recently entered the gums category with the launch of our worldwide dominant bubble gum brand
Bubbaloo. Bubbaloo is sold in 25 countries worldwide.
The Cadbury India Brand Strategy has received consistent support through simple but imaginative
extensions to product categories and distribution. A good example of this is the development of
Bytes. Crispy wafers filled with coca cream in the form of a bagged snack, Bytes is positioned as
"The new concept of sweet snacking". It delivers the taste of chocolate in the form of a light snack,
and thus heralds the entry of Cadbury India into the growing bagged Snack Market, which has been
dominated until now by Salted Bagged Snack Brands. Byte was first launched in South India in
2003.
Since 1965 Cadbury has also pioneered the development of cocoa cultivation in India. For over two
decades, we have worked with the Kerala Agriculture University to undertake cocoa research and
released clones, hybrids that improve the cocoa yield. Our Cocoa team visits farmers and advises
them on the cultivation aspects from planting to harvesting. We also conduct farmers meetings &
seminars to educate them on Cocoa cultivation aspects. Our efforts have increased cocoa
productivity and touched the lives of thousands of farmers.
Cadbury Milestones
The Cadbury story is a fascinating study of industrial and social developments. From a one
man business in 1824, Cadbury has grown to be one of the world's largest producers of chocolate.
Use our milestones to view Cadbury history at a glance; discover how the company grew and
when the key products were introduced. See how a small family business developed into an
international company and how the high standards of the Cadbury brothers were combined with the
most sophisticated technology, skills and innovation.
clairs
Bournvita
Fruity Gems
Perk
Ulta Perk
Celebrations
Five Star Crunchy
Milk Treat
Dairy Milk
Orio biscuits
Tnag Flavour drink
1. Malanpur Factory
clairs
Gems
Fives Star
Perk
Ulta Perk
Milk Trea
2. Thane Factory
Bournvita
Dairy Milk, Fruit Nut, crackle & mouldedg products
Five star
Gems
Caramels, Tiffins, Nut butterscotch
Liquid Milk ,cocoa Processing
3. Induri Factory
Milk Crumb
Milk Fat
Liquid Milk Chocolate
Five star
Relish
Gems
Moulded chocolate
4. Bangalore Factory
Halls
Clorets
Gums
For any business to run one needs four Ms namely Man, Money, Machine and Material. Managing
other three resources other than men, are easy to handle. Men are very difficult to handle because no
two human beings are similar in all way. Human beings can think, feel and give response. Handling
humans is more important for any business because human being have crucial potential that may be
very profitable for the business. And these potential can be developed to an unlimited extent if they
are provided with proper environment. So the function of managing men is as important as finance or
marketing function in any business.
Human resource management (HRM) is the strategic and coherent approach to the of
management an organization's most valued assets - the people working there who individually and
collectively contribute to the achievement of the objectives of the business. The terms "human
resource management" and "human resources" (HR) have largely replaced the term "personnel
management" as a description of the processes involved in managing people in organizations.
Human Resource management is evolving rapidly. Human resource management is both an
academic theory and a business practice that addresses the theoretical and practical techniques of
managing a workforce.
The Human Resources Management (HRM) function includes a variety of activities, and key among
them is deciding what staffing needs you have and whether to use independent contractors or hire
employees to fill these needs, recruiting and training the best employees, ensuring they are high
performers, dealing with performance issues, and ensuring your personnel and management practices
conform to various regulations. Activities also include managing your approach to employee benefits
and compensation, employee records and personnel policies. Usually small businesses (for-profit or
nonprofit) have to carry out these activities themselves because they can't yet afford part- or full-time
help. However, they should always ensure that employees have -- and are aware of -- personnel
policies which conform to current regulations. These policies are often in the form of employee
manuals, which all employees have
HRM refers to practices and policies framed for the management of human resources in an
organization, including Recruiting, screening, rewarding and appraising.
Human resources have at least two meanings depending on context. The original usage derives from
political economy and economics, where it was traditionally called labour, one of three factors of
production. The more common usage within corporations and businesses refers to the individuals
within the firm, and to the portion of the firm's organization that deals with hiring, firing, training,
and other personnel issues. This article addresses both definitions.
The objective of Human Resources is to maximize the return on investment from the
organization's human capital.
HRM is seen by practitioners in the field as a more innovative view of workplace management than
the traditional approach. Its techniques force the managers of an enterprise to express their goals with
specificity so that they can be understood and undertaken by the workforce and to provide the
resources needed for them to successfully accomplish their assignments. As such, HRM techniques,
when properly practiced, are expressive of the goals and operating practices of the enterprise overall.
HRM is also seen by many to have a key role in risk reduction within organizations.
The HRM function and HRD profession have undergone tremendous change over the past 20-30
years. Many years ago, large organizations looked to the "Personnel Department," mostly to manage
the paperwork around hiring and paying people. More recently, organizations consider the "HR
Department" as playing a major role in staffing, training and helping to manage people so that people
and the organization are performing at maximum capability in a highly fulfilling manner.
THE SCOPE OF HRM is indeed very vast. All major activities in the working life of a worker-
from the time of his or her entry into the organization until he or she leaves- come under the purview
of HRM.
Specifically, the activities include are
HR Planning
Job analysis and design
Recruitment and selection
Orientation and placement
Training and development
Performance Appraisal and Job evaluation
Employee and executive remuneration
Employee Motivation
Employee Welfare
It is the responsibility of human resource managers to conduct these activities in an effective, legal,
fair, and consistent manner.
"Human resource management aims to improve the productive contribution of individuals while
simultaneously attempting to attain other societal and individual employee objectives." Schwind, Das
& Wagar (2005).
Employee Retention
Effective employee retention is a systematic effort by employers to create and foster an environment
that encourages current employees to remain employed by having policies and practices in place that
address their diverse needs. A strong retention strategy becomes a powerful recruitment tool.
Retention of key employees is critical to the long-term health and success of any organization. It is a
known fact that retaining your best employees ensures customer satisfaction, increased product sales,
satisfied colleagues and reporting staff, effective succession planning and deeply imbedded
organizational knowledge and learning.
Employee retention matters as organizational issues such as training time and investment; lost
knowledge; insecure employees and a costly candidate search are involved. Hence failing to retain a
key employee is a costly proposition for an organization. Various estimates suggest that losing a
middle manager in most organizations costs up to five times of his salary.
Intelligent employers always realise the importance of retaining the best talent. Retaining talent has
never been so important in the Indian scenario; however, things have changed in recent years. In
prominent Indian metros at least, there is no dearth of opportunities for the best in the business, or
even for the second or the third best. Retention of key employees and treating attrition troubles has
never been so important to companies.
In an intensely competitive environment, where HR managers are poaching from each other,
organisations can either hold on to their employees tight or lose them to competition. For gone are
the days, when employees would stick to an employer for years for want of a better choice. Now,
opportunities abound.
R EMUNERATE COMPETITIVELY
E -NCOURAGEMENT AND EXPECTATIONS
T RAINING AND DEVELOPMENT
A -NNUAL REVIEW CYCLES
I - NFORM AND INVOLVE
N URTURE
It is a fact that, retention of key employees is critical to the long-term health and success of any
organization. The performance of employees is often linked directly to quality work, customer
satisfaction, and increased product sales and even to the image of a company. Whereas the same is
often indirectly linked to, satisfied colleagues and reporting staff, effective succession planning and
deeply embedded organisational knowledge and learning.
Employee retention matters, as, organizational issues such as training time and investment, costly
candidate search etc., are involved. Hence, failing to retain a key employee is a costly proposition for
any organization. Various estimates suggest that losing a middle manager in most organizations,
translates to a loss of up to five times his salary.
The challenge of keeping employees: Its changing face has stumped managers and business owners
alike. How do you manage this challenge? How do you build a workplace that employees want to
remain with and outsiders want to be hired into?
Successful managers and business owners ask themselves these and other questions becausesimply
putemployee retention matters:
High turnover often leaves customers and employees in the lurch; departing employees take
a great deal of knowledge with them. This lack of continuity makes it hard to meet your
organizations goals and serve customers well.
Recruiting employees consumes a great deal of time and effort, much of it futile. Youre not
the only one out there vying for qualified employees, and job searchers make decisions based
on more than the sum of salary and benefits.
Bringing employees up to speed takes even more time. And when youre short-staffed, you
often need to put in extra time to get the work done.
To keep employees and keep satisfaction high, you need to implement each of the three Rs of
employee retention: respect, recognition, and rewards.
Respect is esteem, special regard, or particular consideration given to people. As the pyramid
shows, respect is the foundation of keeping your employees. Recognition and rewards will have little
effect if you dont respect employees.
Recognition is defined as special notice or attention and the act of perceiving clearly. Many
problems with retention and morale occur because management is not paying attention to peoples
needs and reactions.
Rewards are the extra perks you offer beyond the basics of respect and recognition that make it
worth peoples while to work hard, to care, to go beyond the call of duty. While rewards represent
the smallest portion of the retention equation, they are still an important one.
You determine the precise methods you choose to implement the three Rs, but in general, respect
should be the largest component of your efforts. Without it, recognition and rewards seem hollow
and have little effector they have negative effects. The magic truly is in the mix of the three.
Rewards
Recognition
Respect
Respect
Recognition
Reward
When you implement the three Rs approach, you will reduce turnover and enjoy the following:
Increased productivity
Reduced absenteeism
A more pleasant work environment (for both employees and you!)
Improved profits
Furthermore, an employer who implements the three Rs will create a hard-to leave workplace, one
known as having more to offer employees than other employers. You become a hard-to-leave
workplaceone with a waiting list of applicants for any position that becomes available
purposefully, one day at a time.
Employs an easy-to-understand systems approach to ensure the root causes of turnover are
addressed and the potential for lasting change unleashed.
Customizes all activities to your organizations unique history, current practices and strategic
objectives. Also considered are challenges unique to your industry sector, competitive
marketplace issues and talent shortages.
Involves those responsible for implementing change in actually creating the change, ensuring
input and improved shared understanding and support of all initiatives.
Integrates hands-on, action-oriented approaches that enable organizations to move forward
quickly and effectively
Recognizes the research-proven role of no-cost strategies in developing the glue that builds
employee loyalty and commitment.
Brings to your organization leading-edge organization-development best practices to
effectively and quickly build a retention-rich culture.
Retaining key personnel is critical to long term success of an organization. A Retention Strategy has
become essential if your organization is to be productive over time and can become an important part
of your hiring strategy by attracting the best candidates who know of your track record for caring for
employees. In fact, some companies do not have to recruit because they receive so many qualified
unsolicited submissions due to their history of excellence in employee retention.
1. Treat your employees like you treat your most valuable clients;
2. Get your employees to "Fall in Love" with your organization;
3. Strong retention strategies become strong recruiting advantages;
4. Retention is much more effective when you put the right person into the right job.
Know the job! Know the employee and their motivations;
5. Money is important but it is not the only reason people stay with an organization;
6. Employee committees to help develop retention strategies is a very effective strategy;
7. Leadership must be deeply invested in retention;
8. Recognition, in various forms, is a powerful retention strategy;
9. Remember, the "Fun Factor" is very important to many employees; &
10. Know the trends in benefit packages. Do your best to offer the ones your employees
need
Most managers understand the importance of employee retention and its impact on the overall
health and vitality of an organization. The importance of retaining top organizational talent will only
increase over the coming years as the massive cohort of baby boomers begin to reach retirement age
making it easy for younger employees to find work.
In a previous article we identified some useful tips to help improve employee retention in your
organization. Given the importance of employee retention, we have compiled another list of 10
important factors that can affect employee retention in your organization
Do not wait for an annual performance evaluation to come due to give feedback on how an employee
is performing. Most team members enjoy frequent feedback about how they are performing.
Shortening the feedback loop will help to keep performance levels high and will reinforce positive
behavior. Feedback does not necessarily need to be scheduled or highly structured; simply stopping
by a team member's desk and letting them know they are doing a good job on a current project can
do wonders for morale and help to increase retention.
Any team member wants to feel that he or she is being paid appropriately and fairly for the work he
or she does. Be sure to research what other companies and organizations are offering in terms of
salary and benefits. It is also important to research what the regional and national compensation
averages are for that particular position. You can be sure that if your compensation package is not
competitive, team members will find this out and look for employers who are willing to offer more
competitive compensation packages.a
Family is incredibly important to team members. When work begins to put a significant strain on
one's family no amount of money will keep an employee around. Stress the importance of balancing
work and one's personal life. Small gestures such as allowing a team member to take an extended
lunch once a week to watch his son's baseball game will likely be repaid with loyalty and extended
employment with an organization.
Beware of burnout
Staff adequately to reduce the amount of unwanted overtime a team member must work. Some
employees enjoy the extra money that accompanies overtime hours, while others would rather spend
their time with their families or doing other activities they enjoy. Burnout can be a leading cause of
turnover. Recognize the warning signs and give employees a break when they need it.
Offer opportunities for team members to acquire new skills and knowledge useful to the
organization. If an employee appears to be bored or burned out in a current position offer to train this
individual in another facet of the organization where he or she would be a good fit. Nobody wants to
feel stuck in their position will no possibility for advancement or new opportunities.
It's not a big surprise that one of the greatest complaints that employees express in exit interviews is
a feeling that management didn't know they existed. Nobody wants to feel like just another spoke in
a big wheel. Managers are very busy - everybody is busy, but it is crucial that managers and
supervisors take the time get to know the team members who work under them. Learn and remember
a team member's name, what skills and talents they bring to the table, and what their business
interests are. The time spent by management getting to know team members is well invested and can
eliminate the headaches caused by having to continually hire and re-train new employees.
Nothing can be more frustrating to an employee than a lack of training or the proper tools to
successfully complete his or her duties. You wouldn't try to build a house without a hammer, so why
should an office job be any different? Providing a team member with the tools and training she needs
to be successful shows a commitment and investment in that employee and will encourage the team
member to stay with the organization.
All team members have knowledge, skills, and abilities that aren't directly related to their job
description, but are still useful to an organization. Utilizing a team member's talents in areas other
than their current position will indicate to an employee that management appreciates and recognizes
all that an employee has to offer to the organization. This can also provide work variety and helps to
break up the everyday grind of work.
While threatening an employee with termination or demotion might seem like a surefire way to get
the results needed from him or her, doing so will likely cause the employee to leave the organization.
Put yourself in the employee's shoes, what is the first thing you would do if your job was threatened?
Odds are you would probably update your resume and start checking for open job postings expecting
the worst. If a team member's performance is not what you had hoped it would be, work with that
team member on ways to improve his performance, saving termination only as a last resort.
Take some time and seriously evaluate what your organization is doing to encourage a high retention
workforce. Having a seasoned and well trained workforce can deliver a competitive advantage that is
difficult to replicate. The best part is most of your efforts to retain your employees come free or with
little charge and offer huge returns on a manger's investment in time and resources.
Company will arrange the house through an authorized real estate agent as per the choice of
the employee.
Security deposit by company.
12% percent Interest will be charged on deposit amount.
The same will be debited in CTC.
Rent would be exempted from income tax.
10% Perquisite Tax would be charged to the employee on his taxable income.
No deposit no interest.
Rent would be calculated @ 11 rupees per Square feet.
Monthly rental would be charged to CTC
Rental Amount will be exempted from tax
10% perquisite tax would be charged on employee.
Security Deposit
HRA House Rental Allowance
HRA can be maximum 40% of Basic Salary.
Deposit and rent has to be paid by employee by self
To get the tax exemption the employee has to produce the rental agreements and rental
receipts of the house.
The employee cant claim this benefit if He/She has his own house.
An Employee can block two months of Basic Salary as Leave Travel Allowance.
He/She should take a minimum of 5 days leave (PL).
In case of air travel-economy class fare is exempted and in case of rail travel second class AC
fare is exempted.
He/She can travel within India only.
He/She has to produce the original travel tickets.
CAR
The FBT Tax (Fringe Benefit Tax) for fuel and maintenance is 6.73% on how much you have
opted for.
At the time of leaving CO. before 48 months then the employee has to pay FCV (For Closer
Value) to the company from whom the loan is taken.
If the employee is still stays after 48 months then employee will be charged 20% on the value
of the car at that time for changing the name i.e. ownership.
CHILDREN EDUCATION ALLOWANCE
GIFT COUPONS
CONVEYANCE ALLOWANCE
If the employee is not using companys car then and only then he can claim this option.
To getting the exemption bills are not required.
Conveyance allowance is up to Rs. 800/- per month.
FOOD COUPONS
SUPERANNUATION
Any amount which exceeds the limits of each allowance can be transferred under this head.
SPA is fully taxable as per income tax rules.
LEAVES
PAID LEAVE
CASUAL LEAVE
SICK LEAVE
OPTIONAL LEAVE
Additional Information:
CASUAL LEAVE
There are 5 days CL available to an employee from the date of joining.
The employee can take 1-3 days CL at a time.
SICK LEAVE
There are 10 days SL available to an employee from the date of joining.
The employee has to submit doctors certificate if the leave extends to 2 days.
OPTIONAL LEAVE
There are 3 days OL available to an employee from the date of conformation.
JOINING FACILITATION
Joining Day is the day when an employee recruited on the payrolls of the company. The HR Rep.
should be in constant touch with the candidates till the date of joining. Collect the information from
the candidate regarding the date and mode of arrival to the location of joining. Arrange for pick-up of
the joinee & family from the station/airport and take them to the hotel as per the requirement. If pick-
up arrangement cant be arranged then give complete address/directions to the hotel & the office to
joinee. HR Rep. should give a brief introduction to the new joinee on the following:
Residential & Cellular Phone are allotted to employee based on the role and responsibility level and
should not be treated as Perquisite. The Residential & Cellular Phone provided by the company will
be on the name of company.
Circle / Business Entity Head can take any of the following decisions with respect to Residential
Telephone Connection:
INDUCTION
Induction is also called orientation, which is designed to provide a new employee with the
information he or she needs to function comfortably and effectively in the organization.
RESEARCH METHODOLOGY
The methodology followed for conducting the study includes the specification of research design,
sample design, questionnaire design, data collection and statistical tools used for analyzing the
collected data.
i) Research Design: The research design used for this study is of the descriptive type.
Descriptive research studies are those studies which are concerned with describing the characteristics
of a particular individual or a group.
ii) Sample Size: All the items consideration in any field of inquiry constitutes a universe of
population. In this research only a few items can be selected form the population for our study
purpose. The items selected constitute what is technically called a sample. Here out sample size is 20
employees from the total population in the delivery peoples. The samples are selected on the basis of
convenient.
iii) Data Collection: The primary data was collected by using questionnaires. The questionnaire
has 68 questions. A liker scale (five point scale) was used such as strongly disagree, disagree,
neutral, agree and strongly agree.
iv) Questionnaire Schedule: Questions are framed in such a way that the answers reflect the
ideas and thoughts of the respondents with regard to level of satisfaction of various factors of job
satisfaction. The questionnaire has total 68 questions. The liker scaling techniques has been used for
each question in the interview schedule.
1. Strongly agree
2. Agree
3. Neutral
4. Disagree
5. Strongly disagree
v) Tools of Analysis:
Female, 0
Male, 20
INTERPRETATION:
The above table indicates that
100% of the left employees who left CADBURY INDIA LIMITED were male.
No female employee left the company
Unmarried, 2
Married, 18
INTERPRETATION:
The above table indicates that
90.00% of the left employees were married.
10.00% of the left employees were unmarried.
>= 25 years, 1
26-50 years, 19
INTERPRETATION:
The above table indicates that
Majority of the respondents i.e. 95% were in 26 to 50 years age group.
5.00% of the respondents were below 26 years age group.
Graduate, 5
Post Graduate,
15
INTERPRETATION:
The above table reveals that
Majority of the respondents i.e. 75.00% were post graduate.
25.00% of the respondents were graduate
<= years, 1
>=5 years, 10
6-10 years, 9
INTERPRETATION:
The above table shows that
50.00% were having less than or equal to 05 years of experience in CADBURY INDIA
LIMITED.
45.00% of the respondents had 6 10 years of experience.
05.00% of the respondents had more than 10 years of experience.
Rs. 15001-
>= Rs. 15000,
25000, 2
0
INTERPRETATION:
The above table reveals that
Majority of the left employees i.e. 90.00% had their monthly salary above Rs.35001.
10% of the left employees had their monthly salary between Rs.15001 Rs.25500
SIMPLE PERCENTAGE TABLE 7
Table showing employees opinion about the nature of their work.
Your work is very challenging one
Description Frequency Percentage
Strongly agree 15 75.00
Agree 03 15.00
Neutral 02 10.00
Disagree 00 0
Strongly disagree 00 00
Total 200 100
Nature of work
Employee's opinion 15 3 2 0
INTERPRETATION:
The above table reveals that
75.00% of the left employees strongly agreed that their work is very challenging one.
15% of the left employees agreed that their work was challenging one.
10.00% of the left employees are neutral about the fact that their work was challenging one.
Work Load
Strongly agree agree neutral disagree strongly disagree
Employee's opinion 9 8 3 0
INTERPRETATION:
The above table reveals that
45.00% of the left employees were strongly agreed that they have too much work to do.
40.00% of the left employees were agreed that they have too much work to do.
15.00% of the employees were neutral about the fact that they have too much work to do.
0% of the left employees were strongly disagreed that they have too much work to do
Working Hours
Strongly agree Agree Neutral Disagree Strongly Disagree
Employee's opinion 16 4 0
INTERPRETATION:
The above table reveals that
Majority of the left employees i.e. 80.00% were strongly agreed that their working
hours are convenient.
20.00% of the left employees were agreed that their working hours are convenient.
00.00% of the left employees were neutral about the fact that their working hours are
convenient.
0% of the left employees were disagreed that their working hours are convenient.
0% of the left employees were strongly disagreed that their working hours are convenient.
Employee's opinion 19 0 1 0
INTERPRETATION:
The above table reveals that
Majority of the left employees i.e. 95.00% were strongly agreed that management builds
and maintains work relationship.
5% of the left employees were disagreed about the fact that management builds and
maintains work relationship.
0% of the left employees was strongly disagreed that management builds and maintains
work relationship.
Sufficient allowances
Stronly Agree Agree Neutral Disagree Strongly Disagree
employee's opinion 13 4 3 0
0 5 10 15 20 25
INTERPRETATION:
The above table reveals that
65% of the left employees were strongly agreed that they are satisfied with the
allowances provided to them.
20% of the left employees were agreed that they are satisfied with the allowances provided
to them.
15% of the left employees were neutral about the fact that they are satisfied with the
allowances provided to them.
Employee's opinion 6 6 8 0
INTERPRETATION:
The above table reveals that
30.00% of the left employees were strongly agreed that they have adequate opportunity to
use their ability.
30% of the left employees were agreed that they have adequate opportunity to use their
ability.
40% of the left employees were neutral about the fact that they have adequate
opportunity to use their ability.
0% of the employees are strongly disagreed that they have adequate opportunity to use their
ability.
Employee's opinion 17 2 1 0
INTERPRETATION:
The above table reveals that
85% of the left employees were strongly agreed that they are overall satisfied with their
job in CADBURY INDIA LIMITED.
10.00% of the left employees were agreed that they are overall satisfied with their job in
CADBURY INDIA LIMITED.
0% of the employees are strongly disagree that they are overall satisfied with their job in
CADBURY INDIA LIMITED
Sufficient allowance 13 4 3 0
Working hours 16 4 0
Work Load 9 8 3 0
Nature of work 15 3 2 0
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Employee recognition can be as simple or as extravagant as one desire. The following is a short list
of simple ways to recognize team members for a job well done and improve retention in your
organization
A better exit interview form and procedure can be drafted so that employees get a chance to
talk with the management about the reasons why they are leaving.
A simple "thank you" or "nice job" given in regular frequency can significantly boost team
morale. Often times a team member will greatly appreciate the time you spent to find him at
his desk and deliver the message in person.
Send a thank you card or e-card. Also photocopy the thank you and document the reason for
the recognition in the employee's file. Let the employee know you did this - it will let her
know that her hard work will not be forgotten.
Movie tickets, gift certificates, or an engraved gift are excellent rewards for an employee who
has excelled or put in the extra effort to make a project happen.
Recognize the team member's contribution in front of members of management. This can
reduce the tendency for employees to feel that their supervisors take all the credit for their
hard work.
Recognize loyalty and exceeding expectations. Mention the team member's hire anniversary,
large contract won, or surpassing of a sales goal in the company newsletter or at a staff
meeting.
MY DAY- Every week the employee can have one my day, i.e. for one day a week they
can have their own time away from work after 1.30 pm.
Annual Day A day in a year can be dedicated as a annual day where we will be celebrating
the overall success and achievements of the company and every employee can be given a gift
voucher, Lunch at some good hotel and a fun tour.
Annually we can have interdepartmental matches like Cricket Matches, Volleyball Matches
etc to improve team building and feeling of belongingness.
Departmental Lunch: Every month one dept can have lunch together. Each and every
member of the Dept eats and drinks together which helps in improving the team spirit and the
feeling of belongingness in the dept
Employee of the month- AWARD their names are declared on the Notice board which
encourages others also to work better.
We can have ask company to issue a monthly or quarterly or half yearly magazine which can
have all the details of the achievements of the company and employees creative skills can be
given a chance.
Emphasis can be given on HIGHER EDUCATION and also on carrier development
programs which can be done on annually basis for which company can pay.
A bond can be signed by the employees who are going for higher education or development
skills whose fee is borne by the company.
Structured career planning process can developed so that employees keep their interest in the
organization only.
Early responsibilities in career can be given to the employees so that they remain engage and
dedicated towards the company
More Flexible and transparent organizational culture should be developed.
More Freedom to operate at work should be given and more powers can be delegated so as to
make work more challenging.
Organization should believe in Growing our own timber and promotions and vacant
position should be done internally or preference can be given to existing employees.
Innovative people program which means employees should be given a chance to innovate
new marketing sales financial etc programmes system or structure.
Challenging work assignments should be provided and assigned to the employees which can
be a dummy or pilot project or may be a crisis situation
Regional level marketing competition can be organized to encourage and display there
creative and innovative skills.
C) CONCLUSION
It is not about managing retention. It is about managing people. If an organization manages people
well, employee retention will take care of itself. Organizations should focus on managing the work
environment to make better use of the available human assets. People want to work for an
organization which provides
Appreciation for the work done
Ample opportunities to grow
A friendly and cooperative environment
A feeling that the organization is second home to the employee
Organization environment includes
Culture
Values
Company reputation
Quality of people in the organization
Employee development and career growth
Risk taking
Leading technologies
Trust
his capabilities. The profile should not be too low or too high.
Personal growth and dreams: Employees responsibilities in the organization should help
him achieve his personal goals also. Organizations cannot keep aside the individual goals of
employees and foster organizations goals. Employees priority is to work for themselves and
later on comes the organization. If hes not satisfied with his growth, hell not be able to
contribute in organization growth.
Training and development: Employees should be trained and given chance to improve and
enhance their skills. Many employers fear that if the employees are well rained, theyll leave
the organization for better jobs. Organization should not limit the resources on which
organizations success depends. These trainings can be given to improve many skills like:
Communications skills
Technical skills
In-house processes and procedures improvement related skills or customer
satisfaction related skills special project related skills
Need for such trainings can be recognized from individual performance reviews, individual
meetings, employee satisfaction surveys and by being in constant touch with the employees.
supportive work culture and environment in terms of personal or professional relationships. There
are times when an employee starts feeling bitterness towards the management or peers.
This bitterness could be due to many reasons. This decreases employees interest and he becomes
demotivated. It leads to less satisfaction and eventually attrition. A supportive work culture helps
grow employee professionally and boosts employee satisfaction. To enhance good professional
relationships at work, the management should keep the following points in mind.
Respect for the individual: Respect for the individual is the most in the organization.
Relationship with the immediate manager: A manger plays the role of a mentor and a
coach. He designs and plans work for each employee. It is his duty to involve the employee
in the processes of the organization. So an organization should hire managers who can make
and maintain good relations with their subordinates.
Relationship with colleagues: Promote team work, not only among teams but in different
departments as well. This will induce competition as well as improve the Relationship among
colleagues.
Recruit whole heartedly: An employee should be recruited if there is a proper place and
duties for him to perform. Otherwise hell feel useless and will be dissatisfied.
Employees should know what the organization expects from them and what their expectation from
the organization is. Deliver what is promised. Promote an employee based culture: The employee
should know that the organization is there to support him at the time of need. Show them that the
organization cares and hell show the same for the organization. An employee based culture may
include decision making authority, availability of resources, open door policy, etc.
Support Lack of support from management can sometimes serve as a reason for employee retention.
Supervisor should support his subordinates in a way so that each one of them is a success.
Management should try to focus on its employees and support them not only in their difficult times
at work but also through the times of personal crisis. Management can support employees by
providing them recognition and appreciation. Employers can also provide valuable feedback to
employees and make them feel valued to the organization.
The feedback from supervisor helps the employee to feel more responsible, Confident and
empowered. Top management can also support its employees in their personal crisis by providing
personal loans during emergencies, childcare services, employee assistance Programs, counselling
services, etc
Employers can also support their employees by creating an environment of trust and inculcating the
organizational values into employees. Thus employers can support their employees in a number of
ways as follows:
By providing feedback
By giving recognition and rewards
By counselling them
By providing emotional support