p-0723--a study on attrition in ppp-fresh

8/3/2019 P-0723--A Study on Attrition in Ppp-fresh

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A STUDY ON ATTRITION

LEVEL IN PONDICHERRY

POLYMERS PVT LTD

INTERNAL GUIDE : Mr. S.JAYAKUMAR,

Head Of Department.,

Master Of Business Administration…



ORGANISATION PROFILE

PONDICHERRY POLYMERS PRIVATE LTD.., is one of the

pioneers in the field of manufacturing PET Preforms, Pet Bottles &

Containers.

PROMOTER The company is headed by SHRI. Arun Kumar Kainya Managing

Director.

The company was established on October 1997, nearly it has completedten years. It is located at Thiruvandar Koil.

At present there are 93 employees working in the concern.



OPERATIONS

The plant is equipped with High Qualified advance machines. The operation being

processed through

INJECTION MOLDING.

BLOW MOLDING and

ASB NISSIE.

CUSTOMERS

AURO REAL, Pondicherry.

TRUE DROPS, Chennai.

CLASSIQUE WATER PRODUCTS, Pondicherry.

ASIAN PET INDUSTRIES, Chennai.KINGFISHER, Bangalore, Goa, Mumbai.

ROYAL CHALLENGE, Bangalore.

CHEER-UP, Mysore.

SEVEN STAR SODA, Andaman etc.



ABOUT THE STUDY

ATTRITION

"A reduction in the number of employees through retirement, resignation or death"

Attrition , also known as employee turnover, or employee defection, is an industrial

term used to describe loss of employees or Man power.

ATTRITION OCCURS DUE TO…

Ineffective managers and management.Employee’s ineffective compatibility with supervisors. Inadequate working environment and conditions.

Lack of pay for performance.Loss of opportunity for employee’s advancement. Pushing employees into contracts, agreements or bonds.Hiring over qualified people in corporate by the management.



REVIEW OF LITERATURE

ATTRITION OCCURS DUE TO INEFFECTIVE MANAGERS..

Says Beena Handa, vice-president-HRM of Claris Life Sciences.

TREAT EMPLOYEES LIKE CUSTOMERS..

Says Bijay Sahoo , Vice-president, Wipro Technologies and

Rakesh Tiku , Vice-president Infinite Computer Solutions.

LEADERSHIP CRISIS LEADS TO ATTRITION..

Says Desikamani.G Chief Mentor of Mentor Consulting, Chennai.



MANAGING ATTRITION THROUGH CORPORATE ALUMNI..

Says Chandraprakash Loonker (Assistant Vice-president) Citigroup,corporate investment bank’s Trading Service Technology in New York.

FIVE PRINCIPAL REASONS PEOPLE CHANGE JOBS..

The uncomfort corporate culture, physical conditions, convenience,

safety, and the clarity of mission.

If people don't feel important, they're not motivated to stay.

If the employees frustrated by too many rules, red tape, or incompetentsupervisors or co-workers, people look for other opportunities.

If there's no opportunity for advancement.

Compensation is the last reason people most leave.

Says Bijay Sahoo, Vice-president, Wipro Technologies…



OBJECTIVES

To know the satisfactory level of employees towards their job andworking conditions.

To identify the factors which makes employees dissatisfy.

To find the areas where Pondicherry Polymers Private Ltd islagging behind.

To know the reasons, why attrition occurs.

To find the ways to reduce attrition in Pondicherry Polymer PrivateLtd.



RESEARCH DESIGN

Types of data collected.

Questionnaire construction.

Population.

Sample size.Period of survey.



DATA ANALYSIS

STATISTICAL TOOLS

PERCENTAGE ANALYSIS

CHI-SQUARE TEST

CORRELATION

WEIGHTED-AVERAGE METHOD

ANALYSIS OF VARIANCE



FINDINGS

From the study it has found that 36% of employees get dissatisfy due to

their salary, 20% due to work pressure, 14% due to work environment.

40% of respondents say, if they change their job the reason will be due to

lack in growth opportunities & 36% due to family issues.

70% of respondents have freedom to convey their problems to the Top-level management.

42% of respondents say that there is a decrease level in their dissatisfaction

factors & 32% say there is a little bit decrease.

From the Chi-square test it is found that there is significant difference

regarding Employees freedom to convey problems and Considerations foremployee creativity.

From the study 34% of respondents says the company to be improved in

work environment & 20% says employee motivation.



SUGGESTIONS

Most of the employees are not satisfied with their present salary, sothe management is suggested to provide salary so that theemployees may get satisfied and can take part with moreinvolvement in their job.

Many employees suggest to improve working environment andemployee motivation.

The company has less number of employees, so the company canrecruit many employees in order to reduce the stress of existingemployees.

Many employees said that there is lack in growth opportunities intheir job, so the company can look for some innovative technology.

The company should keep regular meetings to know, what exactlythe employees expects.



CONCLUSION

Whenever a well-trained & well-adapted employee leaves theorganization, it creates a vacuum. So the organization loses the skillsand business relationship.

From the study it is identified that, the employee’s put forward theirreasons to change their job are Lack of growth opportunities &Family issues.

The study concludes that, to reduce attrition, Pondicherry Polymers

Private Ltd should create more opportunities for the growth of theiremployees through adopting new innovative technology, effectivetraining programs and the company can recruit people who arearound puducherry, so that the family issue factor will not lead toattrition in future.



LIMITATIONS

The study has been done based on the existingemployees and not with any corporate Alumni’s.

The data collected in the study may be valid for few

months. Hence the result obtained might not behelpful for the management after a period ofmonths.



‘’…THANK Q…‘’

p-0723--a study on attrition in ppp-fresh

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