Professional Documents
Culture Documents
BONAFIDE CERTIFICATE
This is to certify that SHUBHAM PANDEY is a bonafide student of
Centre for Management Studies of this college, registered for MBA
degree programme for the year 2014-2016. He has done his research
report
on
the
topic
of
ANALYSIS
OF
EMPLOYEE
Maj. G. S.TRIPATHI
(Co-ordinator)
2
DECLARATION
I hereby declare that the project titled is a piece of STUDY OF
ANALYSIS OF EMPLOYEE SATISFACTION AT V.N DYERS
PVT LTD LUCKNOW. The research work carried out by me under
the guidance and supervision of Ms. Nivedita Chaturvedi. The
information has been collected from genuine and authentic source.
The work has been submitted in partial fulfilment of MASTERS IN
BUSINESS ADMINISTRATION of MADAN MOHAN MALVIYA
UNIVERSITY OF TECHNOLOGY.
PLACE: -
SIGNATURE:-
DATE:-
ACKNOWLEDGEMENT
I consider myself very fortunate to get the opportunity to carry on a research on ANALYSIS
OF EMPLOYEE SATISFACTION At V N DYERS PVT LTD. I got opportunity to get a
practical exposure into actual environment and it provides me the golden opportunity to make
my theoretical concept of employee satisfaction in more clear way.
I have gone through various sites, Research book, Magazine and
Newspapers to get the accurate information for analysis and tried to find the best conclusion.
SHUBHAM PANDEY
4
PREFACE
The successful completion of this project was a unique experience for us
because by visiting many places and interacting with various persons, I
achieved a better knowledge about this project. The experience which I gained
by doing this project was essential at this turning point of my carrier this project
is being submitted with content detailed analysis of the research under taken by
me.
The training provides an opportunity to the student to devote her skills
knowledge and competencies required during the technical session.
TABLE OF CONTENTS
Serial
TOPIC
Page No.
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Introduction
Company Profile
Objectives
Methodology
Data Analysis
Findings
Recommendation
Conclusion
Annexure
Bibliography and References
7-25
25-36
37-41
41-42
43-49
50-51
52
53-54
55-57
58-above
INTRODUCTION
Job Satisfaction of Employees
The father of scientific management Taylor's (1911) approach to job satisfaction
was based on a most pragmatic & essentially pessimistic philosophy that man is
motivation by money alone. That the workers are essentially 'stupid &
phlegmatic' & that they would be satisfied with work if they get higher
economic benefit from it. But with the passage of time Taylor's solely monetary
approach has been changed to a more humanistic approach. It has come a long
way from a simple explanation based on money to a more realistic but complex
approach to job satisfaction. New dimensions of knowledge are added every day
& with increasing understanding of new variables & their inter play, the field of
job satisfaction has become difficult to comprehend.
The term Job Satisfaction was brought to limelight by Hoppock (1935). He
reviewed 32 studies on job satisfaction conducted prior to 1933 & observed that
job satisfaction is a combination of psychological, physiological &
environmental circumstances that cause a person to say. 'I am satisfied with my
job'. Locke defines job satisfaction as a "pleasurable or positive emotional state
resulting from the appraisal of one's job or job experiences". To the extent that a
person's job fulfils his dominant need & is consistent with his expectations &
values, the job will be satisfying.
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Theories of Job-Satisfaction:
There are 3 major theories of job satisfaction.
Herzberg's Motivation - Hygiene theory.
Need fulfilment theory.
Social reference - group theory.
Herzberg's Motivation - Hygiene Theory :
This theory was proposed by Herzberg & his assistants in 1969. On the basis of
his study of 200 engineers and accountants of the Pittsburgh area in the USA, he
established that there are two separate sets of conditions (and not one) which are
responsible for the motivation & dissatisfaction of workers. When one set of
conditions (called 'motivator') is present in the organisation, workers feel
motivated but its absence does not dissatisfy them. Similarly, when another set
of conditions (called hygiene factors) is absent in the organisation, the workers
feel dissatisfied but its presence does not motivate them. The two sets are
unidirectional, that is, their effect can be seen in one direction only.
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amount of rewards that an individual derives from his job, while his level of
performance is closely affected by the basis for attainment of rewards. An
individual is satisfied with his job to the extent that his job provides him with
what he desires, and he performs effectively in his job to the extent that
effective performance leads to the attainment of what he desires. This means
that instead of maximizing satisfaction generally an organisation should be
more concerned about maximizing the positive relationship between
performance and reward. It should be ensured that the poor performers do not
get more rewards than the good performers. Thus, when a better performer gets
more rewards he will naturally feel more satisfied.
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tensions, social isolation, emotional stress, fear, anxiety or any such sources
could be a source of neuroticism.
Anxiety, on the other hand, has a little more clearer base. It is generally seen as
a mental state of vague fear and apprehension which influences the mode of
thinking. Anxiety usually shows itself in such mental state as depression,
impulsiveness, excessive worry and nervousness. While everyone aspires for a
perfect state of peace and tranquility, the fact is that some anxiety is almost
necessary for an individual to be effective because it provides the necessary
push for efforts to achieve excellence.
Adjustment problems usually show themselves in the level of job satisfaction.
For long, both theorists and practitioners have been concerned with Sales
Persons' adjustment and have provided vocational guidance and training to them
to minimise its impact on work behaviour. Most literature, in this area, generally
suggests a positive relationship between adjustment and job satisfaction. People
with lower level of anxiety and low neuroticism have been found to be more
satisfied with their jobs.
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Here the question is : When is interaction in the work group a source of job
satisfaction and when it is not ? Interaction is most satisfying when (a) It results in the cognition that other person's attitudes are similar to one's
own. Since this permits the ready calculability of the others behaviour and
constitutes a validation of one's self ;
(b) It results in being accepted by others ; and
(c) It facilitates the achievements of goals.
Personal Variables :
For some people, it appears most jobs will be dissatisfying irrespective of the
organisational condition involved, whereas for others, most jobs will be
satisfying. Personal variables like age, educational level, sex, etc. are
responsible for this difference.
(1) Age :
Most of the evidence on the relation between age and job satisfaction, holding
such factors as occupational level constant, seems to indicate that there is
generally a positive relationship between the two variales up to the preretirement years and then there is a sharp decrease in satisfaction. An individual
aspires for better and more prestigious jobs in later years of his life. Finding his
channels for advancement blocked, his satisfaction declines.
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Voice
Destructive
Constructive
Neglect
Loyalty
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Passive
Voice : Actively and constructively attempting to improve conditions includes
suggesting improvements, discussing problems with superiors, and some forms
of union activity.
Loyalty : Passively but optimistically waiting for conditions to improve.
Includes speaking up for the organisation in the face of external criticism and
trusting the organisation and its management to 'do the right thing'.
Neglect : Passively allowing the conditions to worsen. Includes chronic
absenteeism or lateness, reduced effort, and increased error rate.
Exit and neglect behaviours encompass our performances variablesproductivity, absenteeism and turnover. But this model expands Sales Person
response to include voice and loyalty, constructive behaviours that allow
individuals to tolerate unpleasant situations or to revive satisfactory working
conditions.
Importance of High Job Satisfaction :
The importance of job satisfaction is obvious. Managers should be concerned
with the level of job satisfaction in their organisations for at least three reasons:
(1) There is clear evidence that dissatisfied Sales Persons skip work more often
and are more likely to resign ;
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(2) It has been demonstrated that satisfied Sales Persons have better health and
live longer ; and
(3) Satisfaction on the job carries over to the Sales Person's life outside the job.
Satisfied Sales Persons have lower rate of both turnover and absenteeism.
Specifically, satisfaction is strongly and consistently negatively related to an
Sales Person's decision to leave the organisation. Although satisfaction and
absence are also negatively related, conclusions regarding the relationship
should be more guarded.
An often overlooked dimension of job satisfaction is its relationship to Sales
Person health. Several studies have shown that Sales Persons who are
dissatisfied with their jobs are prone to health setbacks ranging from headaches
to heart disease. For managers, this means that even if satisfaction did not lead
to less voluntary turn over and absence, the goal of a satisfied work force might
be jutificable because it would reduce medical costs and the premature loss of
valued Sales Persons by way of heart disease or strokes.
Job satisfaction's importance is its spin off effect that job satisfaction has for
society as a whole. When Sales Persons are happy with their jobs, it improves
their lives off the job. In contrast, the dissatisfied Sales Person carries that
negative attitude home.
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COMPANY PROFILE
COMPANY PROFILE
Company name
Establishes in
1999
Company type
Textile industry
area
5 acres
No. of employee
1500
1200 crore
Capacity
Website
www.vnsuitings.com
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'Fibre to fabric' is a term commonly used in the textile industry and the term
also outlines the operational domains of the company. The unit is involved in
the complete production process of cloth, namely, Yarn manufacturing,
Weaving, Dyeing and Finishing, using State-of-the-Art machinery, imported
from Germany and Switzerland.
The company in the last few years took a strategic decision to go for backward
integration. The company ventured into weaving-capacity expansion earlier, and
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now has an 18000 spindles spinning plant for manufacturing PV yarn. The
company shall be greatly benefited on all the fronts by this venture, it shall now
be able to achieve consistency in quality and increased margins, which shall
enable it to embark on a path of rapid and self-sustaining growth. Stringent
quality check at every stage and process has resulted in getting the company, the
prestigious ISO 9001 Certification.
V. N. Dyers & Processors Pvt. Ltd. has two operating areas; one is strictly for
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manufacturing of yarns and the other one, sprawling over an area of 10 Acres
for all other divisions involved in the production process of fabric.
The company has recently completed a massive expansion of all its facilities.
The plant now has a capacity to manufacture 15 Million meters of fabrics per
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New Projects are being considered for further capacity expansion. The unit is
one of its kinds in the region; it is equipped with ultra modern production
equipments in all the production sub divisions. The whole unit is based on the
latest technologies available in the world, to get international standards in the
products. And constant up gradation in the technologies is done to keep abreast
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with the world. The company has also strictly followed the ultimate philosophy,
best quality, competitive price, and time bound delivery.
Even in the era of tough competition from all over the country, the company is
still moving forward by leaps & bounce with strong support from its customers,
devoted experienced staff and most valuable sharp business acumen possessed
by its members of management. The company is all geared up to compete in the
global marketplace and well prepared for future trends & requirement.
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Spinning Division
The company offers quality spun yarn manufactured on latest machineries (like
LMW, SHALFHORST 338 Autoconer) made from fibre procured from world
leaders Reliance and Grasim.
Their single yarn is 100% waxed Autoconed& double yarn 100%T.F.O. We are
currently exporting to many countries like Egypt, Turkey, Iran, Brazil,
Argentina, South Africa etc.
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Product Range:
Fibre Content
Count Range
Type
End Use
100% Polyester
Ne 10 to Ne 40
Single Knitting/Weaving
100% Polyester
Ne 2/15 to 2/45
Double Knitting/Weaving
Polyester/Viscose Ne 10 to Ne 45
Single Knitting/Weaving
Ring Spun
Yarn
Ring Spun
Yarn
Ring Spun
Yarn
Ring Spun
Polyester
Ne 2/15 to 2/45
Yarn
Double Knitting/Weaving
/Viscose
Fabrics are made on SULZER (projectile) looms and Airjet Looms and
processed on latest Processing machinery. These are used for production of
wide variety of suiting between 54 & 60 inches width. The typical GSM varies
from 175 to 400.Vareity of counts are used. All our fabrics meet the specific
promised standards ISO 9001-2008.
Their quality includes a wide range of plain, Trovin, matty suiting for uniforms
and tussars, drills, twills (non denim) for fancy suiting. All these are available in
various reeds/picks (sett), GSM, shades, feel etc.
The company is procuring Air jet looms for faster and cost effective production.
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Marketing
With the combination of superior quality products like polyester spun yarn &
polyester viscose yarn and effective marketing strategies, the company has been
able to get a formidable market presence. Today in the minds of discerning
consumers, the brand name 'vnsuitings' has become synonymous with quality
suiting.
V. N. Dyers & processors Pvt. Ltd. has a wide distribution network of agents
across the country. Their agents sends regular feedback on the brand, market
trends and market needs enabling us to keep a track of the happenings in the
market.
Our company is also manufacturing customized fabrics like polyester spun yarn,
spun yarn, & polyester viscose yarn for export purpose, based on the
requirement of different nations specified by our customers. Having made a
mark in domestic market the company is all set to venture into exports. They
have already procured an Export license.
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They have state of the art R & D department equipped with team of qualified
professionals who are continuously engaged in extensive research to produce
superior quality fabrics. All the chemicals used during various stages of
production are thoroughly tested and evaluated. We employ latest technology
and techniques in our R & D department to enhance the quality of our products.
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Mission
BEING WORLD CLASS TEXTILE ORGANIZATION BY
PROVIDING HIGHEST QUALITY OF PRODUCTS WITHIN
MINIMUM COST
Vision
BEING WORLD CLASS TEXTILE ORGANIZATION BY
PROVIDING HIGHEST QUALITY OF PRODUCTS WITHIN
MINIMUM COST
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SWOT analysis
Strength
Weakness
*Semi-skilled workforce
*Comparatively high prices
*Less number of skilled worker
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Opportunities
*A brand image is very good .they can have very good customers
*Fabrication for various companies
*Its planning to serves globally
Threats
*Fabrication for various companies
*Its planning to serves globally
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RESEARCH METHODOLOGY
RESEARCH TYPE:- DESCRIPTIVE
SAMPLE DESIGN:- NON PROBABILITY (CONVEINENCE
SAMPLING)
UNIVERSE : V.N DYERS AND PROCESSOR PVT LTD
SAMPLE SIZE :30 EMPLOYEES (ALL THREE LEVELS)
SOURCES OF DATA
PRIMARY DATA - structured Questionnaire.
SECONDARY DATA: web sites, journals, E- journals, annual reports
,magazines ,books etc.
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Data analysis
Are you satisfied with machinery and technology?
15%
5%
YES 80 %
80%
NO 20 %
NOT SURE 5 %
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SATISFIED 80 %; 80%
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48
not sure; 2%
not satisfied; 10%
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FINDINGS
On the basis of this survey with the employees of V.N Dyers and Processor pvt
Ltd I analyzed that most of the employees are satisfied with the company.
Most of the respondents were working there since last 5 to 8 years, they
are permanent employees this shows 80 % of employee are satisfied.
Most of the employees accept their salary between 10,000 to 45,000
according to their eligibility this shows 75 % employee are satisfied with
salary according to their eligibility.
78% of the employees are satisfied with their designation.
82% of employees are satisfied with the responsibilities and
management..
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RECOMMENDATION
To increase the job satisfaction level of the employee the company should
concentrate mainly On the incentive and reward structure and
motivational session.
Company should give promotional to these employees who deserve it.
There should be Open communication with Top management and
employees so that if employees are having any grievances so those could
solve.
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LIMITATIONS
Short time period
Lack of responses
Even though the report finished on time, it does not mean that I did not face
any problem in doing this research. Every student may have different report
since we work in different places. The most difficult problem that I found
during doing this research was difficult to get information from managers
while doing questionnaire. It may because the employee there is really busy
with customer on the calls and other activities such as controlling their
subordinates or junior. Most of them would not have any will if I ask them
during the working hours. There are just a few managers who want to fill the
questionnaire during lunch time, break time, even when the working hours
passed theyre hard to reach. Its also hard to get deep information from
them; I need to promise to not leak the important information to anyone.
That is why I cannot put the real data number on the graph or chart. Because
that was my company privacy like basic price, number of stocks per month,
or how much the operation cost. Other problem that I felt was the time to do
this research was so limited.
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CONCLUSION
Relation between management and workers is good but They have some
misunderstanding.
Working condition of the company is satisfactory for employee.
Most of the employees have positive view about his supervisors.
Most of the employees are satisfied with tools and equipment provided by
the company.
Every Employees are not completely satisfied with their job although
their salary is good for enough.
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SUGGESTIONS
1. It is suggested to improve the depth of training and it must involve more in
career programmes
2. The employees are expecting better working condition, so the organization is
advised to provide the same to the employees.
3. To provide the children education facilities and recreation facilities in a better
and broader way.
4. The organization should improve the Superior-subordinate relationship so
that there may be a smooth flow of work in the organization.
5. To provide equal pay for equal work and to increase the Pay-scale of the
employees who work fruitfully & productively..
6. The organizations should take measures to appreciate and reward the
employees who find innovative and better ways of doing the tasks.
7. It should consider the suggestions and recommendations given by the
employees and should take corrective actions.
8. A grievance cell should be established so that the employees can put forth
their problems without any hesitation or hindrance.
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9. When the employees believe that they have a voice that carries influence, it
deepens their commitment to the organization and encourages a continuous,
positive dialogue
10. Employee satisfaction, in turn, translates directly into added value in terms
of performance, customer relations, and profitability
11. It is suggested that by opening up channels for feedback and assessing
employee satisfaction, management can make informed decisions that will
allow for increased productivity, job satisfaction, and loyalty by targeting key
areas of concern.
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ANNEXURE
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Bibliography
Books
Employee Engagement: Tools for Analysis
Practice, and Competitive ... H. Macey, Benjamin Schneider, Karen M. Barbera
Employee Job Satisfaction by J PELTIER
analyze employee by By Bhakthi Jagodaarachchi
Websites:-
www.vnsuitings.com
http://en.wikipedia.org
www.ccsenet.org
www.grin.com
www.iosrjournals.org
www.slideshare.net
www.info-now.com
www.academia.edu
www.vnsuitingsone.com
www.vnsuitingstwo.com
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