The most pleasant part of any project is to express gratitude and bestow honor towards all those who directly or indirectly contributed to the smooth flow of the project work and this being a good opportunity I would like to thank them all. The compilation of a project and its execution is inevitable without the co-operation of the project guide. I wish to express a deep sense of respect and gratitude to my project guide Prof.Vivekanand Pawar for his guidance which was very valuable for the completion of my report. I also take this opportunity to express my deep regards and gratitude to HR Manager Mr. Tejinder Grewal who gave me guidance throughout the completion of the project. I would also like to thank them for spending valuable time and giving me valuable inputs from time to time. It was their guidance and inspiration right from the conceptualization to the finishing stages that has played a very essential and valuable role in the completion of this project report. I express my deep sense of appreciation and gratitude to all the staff members for their support and co-operation either directly or indirectly during the course of the project.
This is to certify that the summer internship project Entitled “Retention” submitted by Saumiya a student of Pillai’s Institute of Management Studies & Research as a part of the curriculum of Masters of Management Studies is approved.
I Saumiya Sugathan student Of Pillai’s Institute of Management Studies & Research affiliated to Mumbai University, hereby declare that this project report is a result of culmination of my sincere efforts. I declare that this submitted work is done solely by me and to best of my knowledge; no such work has been submitted by any other person for the award of post graduation degree or diploma. I also declare that all the information from various secondary sources has been duly acknowledge in this project report.
Table of Contents
II)Objective of the study
III)Need of the project
IV)Scope of the Project
V)Review of Literature
VII)Limitations of the Project
III) Benefits given by company
II)Data Analysis & Interpretations
Chapter - IV
II) Suggestions / Recommendations
Employee Retention involves taking measures to encourage employees to remain in the organization for the maximum period of time. Corporate is facing a lot of problems in employee retention these days. Hiring knowledgeable people for the job is essential for an employer. But retention is even more important than hiring. There is no dearth of opportunities for a talented person. There are many organizations which are looking for such employees. If a person is not satisfied by the job he’s doing, he may switch over to some other more suitable job. In today’s environment it becomes very important for organizations to retain their employees. The top organizations are on the top because they value their employees and they know how to keep them glued to the organization. Employees stay and leave organizations for some reasons. Employee retention is a process in which the employees are encouraged to remain with the organization for the maximum period of time or until the completion of the project. Employee retention is beneficial for the organization as well as the employee. The reason may be personal or professional. These reasons should be understood by the employer and should be taken care of. The organizations are becoming aware of these reasons and adopting many strategies for employee retention. Employees today are different. They are not the ones who don’t have good opportunities in hand. As soon as they feel dissatisfied...