Employee Retention

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A STUDY ON EMPLOYEE RETENTION AT
HMT MACHINE TOOLS LTD
KALAMASSERY

A SUMMER PROJECT REPORT
SUBMITTED BY
Miss Vijaya R
(REG 08PIT35)

IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR
THE DEGREE OF
MASTER OF BUSINESS ADMINISTRATION
IT ORGANISATION AND ADMINISTRATION

UNDER THE GUIDANCE OF
Miss Sasikala Devi, M B A

AVINASHILINGAM SCHOOL OF MANAGEMENT
TECHNOLOGY

AVINASHILINGAM UNIVERSITY FOR WOMEN
COIMBATORE-641043
JUNE 2009

ACKWNOWLEDGEMENT

I acknowledge the chancellor Mr. T. K. Shanmugananthan, B.A, B.L and the Vice Chancellor Dr. Saroja Prabhakaran, M.A, Dip. Ed, Ph.D and the Registrar Dr. Gowri Ramakrishnan, M.Sc, M.Phil, Ph.D of Avinashilingam University for Women, Coimbatore for having given an opportunity to undertake this project work which forms a part of my curriculum.

I express my hearty gratitude to the Dean, Department of Management Studies Dr. Shantha B Kurup, M.Com, M.Phil, Dip.Ed, M.B.A, Ph.D for her support and encouragement.

This work would not have materialized but for the timely guidance given by Miss Sasikala Devi, M.B.A, Lecturer, Department of Management Studies who assisted and extended support through out the project.

I express my heartfelt thanks to all the faculty members of the Department of Management Studies, whose immense support helped a lot to complete the project.

I express my sincere gratitude to

CONTENTS

|CHAPTER NO |CONTENTS |PAGE NO | |1 |INTRODUCTION |4 | |  |SYNOPSIS |4 | |  |INDUSTRY PROFILE |5 | |  |COMPANY PROFILE |8 | |2 |OBJECTIVES |25 | |3 |REVIEW OF LITERATURE |25 | |4 |RESEARCH METHODOLOGY |29 | |5 |LIMITATIONS |31 | |6 |ANALYSIS & INTERPERETATIONS |32 | |7 |SUMMARY |46 | |  |FINDINGS |46 | |  |SUGGESTIONS |47 | |8 |ANNEXURE |48 |

INTRODUCTION

SYNOPSIS

Employee Retention

Employee retention is the initiatives taken by the management to keep employees from leaving such as rewarding employees for performing their jobs effectively, ensuring good relations between employees and managers and maintaining a safe healthy environment. When you have hired good people trained them, built them into high performing teams you don’t want to loose them.

There are many different ingredients that go into reducing employee turnover. There will be seven strategies focused on: money, building...
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