Professional Documents
Culture Documents
Primary objective:
1. To study the important factors which are needed to motivate the employees.
Secondary Objective:
1. To study the effect of monetary and non-monetary benefits provided by the organization on the
employee’s performance.
3. To learn the employee’s satisfaction on the interpersonal relationship exists in the organization.
Following the 1997 East Asian financial crisis and Chung's death, Hyundai
underwent a major restructuring and break-up, which reduced the Hyundai Group's
business to encompass only container shipping services, the manufacturing of lifts,
and tourism. Today, most companies bearing the name Hyundai are not legally
connected to Hyundai Group. They include Hyundai Motor Group, Hyundai
Department Store Group, Hyundai Heavy Industries Group and Hyundai
Development Company. However, most of the former subsidiaries of the Hyundai
conglomerate continue to be run by relatives of Chung. If these companies were
considered as forming a single broad family business, then it would remain the
largest company in South Korea with enormous economic and political power in
the country.
Hyundai Motor Company was founded in 1967. Hyundai Heavy Industries was
founded in 1973 and completed the construction of its first ships in June 1974.
1967
Incorporation of Hyundai Motor Company
1968
Completion of Ulsan assembly plant
Mass production of Cortina begins
1976
Launch of Hyundai Pony, the first Korean passenger car
First export of Hyundai Pony to Ecuador
1983
Incorporation of the Canadian subsidiary HMC
1985
Launch of Pony Excel
Incorporation of the U.S. subsidiary HMA
Launch of 1st generation Sonata
1986
Exports of Excel to the U.S. begin
Launch of Grandeur (Azera), Hyundai Motor’s large-sized luxury car
1987
Excel is the best selling imported compact car in the U.S. for 3 consecutive
years
1988
Launch of Sonata, Hyundai Motor’s mid-sized luxury sedan
1989
Overseas exports of Excel surpass 1 million units
1990
Launch of Elantra and Scoupe
1991
Developed Alpha engine, the first engine created in Korea
Launch of Galloper
Developed Sonata EV
1993
Launch of Sonata II
Unveiling of the HCD-II concept ca
1994
Annual production surpasses 1 million units
Launch of Accent
Solar-powered and fuel cell electric vehicles developed
1995
Launch of Avante (Elantra)
Completion of Jeonju commercial vehicle manufacturing plant
Hyundai Motor Europe Technical Center (HMETC) opens
1996
Cumulative production surpasses 10 million units
Inauguration of the Namyang Technology Research Center
Launch of Dynasty and Tiburon
1997
Independently developed Epsilon engine
Established the Turkey plant and Asan plant
1998
Independently developed world-class, high performance V6 Delta engine
Launch of Grandeur (Azera) and Sonata
Established India plant
2nd solar-powered vehicle developed
Acquisition of Kia Motors
1999
Launch of Equus (Centennial : Hyundai Motor’s ultra large-sized sedan),
Verna, and Trajet XG
Developed Korea’s first automotive fuel cell battery
2000
Developed Korea’s first passenger diesel engine and large commercial
engine
Debut of the four mid and large-sized Bus models
Korea’s first fuel cell electric vehicle Santa Fe developed
Official sponsor of the UEFA Euro 2000
2001
Production of Beta engine surpasses 1 million units
Unveiling of Korea’s first fuel cell electric vehicle Santa Fe
Established Hyundai European Design Center
Launch of Tuscani (Hyundai's sports coupe), Terracan, and Lavita
Santa Fe ranked No.1 in U.S. customer satisfaction survey
HMA receives J.D. Power’s Chairman's Award
Unveiling of the HCD - VI concept car at the Chicago Auto Show
2002
Cumulative production at Asan plant surpasses 1 million units
Production of Sonata begins in China
Launch of Chinese-made Elantra
Sonata receives J.D. Power's APEAL Award
Inauguration of the California Design & Technical Center
Official sponsor of the 2002 FIFA World Cup Korea /Japan
Unveiling of the HCD - 7 concept car at the Chicago Auto Show
2003
Established the California Design & Technical Center
Production of Avante (Elantra) surpasses 2 million units
Proclaimed Global Environmental Management
Established the Europe Technical Center
Established the Namyang Design Center
Annual exports surpass 1 million units
The world’s first ultra high pressure hydrogen storage system for fuel cell
electric vehicles developed
2004
Launch of Hyundai Motor’s first compact SUV, Tucson (ix35)
Production of Delta engine surpasses 1 million units
Sonata placed first in J.D. Power’s IQS
Cumulative exports surpass 10 million units
Developed Theta engine and Lambda engine
Official sponsor of the UEFA Euro 2004
Joint venture plant for commercial vehicles in China established
Chairman Mong-Koo Chung named as the Best CEO of 2004 by Business
Week
2005
Established the U.S. proving ground
Exports to Africa and the Middle East surpass 1 million units
Established the Alabama plant
Developed clean Mu V6 engine
Debut in Interbrand’s 100 Best Global Brands
Established Environmental Technology Research Center
Established Hyundai America Technical Center
Established Eco-Friendly Vehicle Recycling Center
Click is selected as India’s Best Car of 2005
Unveiling of New Grandeur and HED-1 at the Geneva International Motor
Show
Official partner of FIFA from 2007 to 2014
Chairman Mong-Koo Chung named Top Automotive CEO in Asia by
Automotive
2006
Developed Gamma engine
No.1 Non-Premium Nameplate in J.D. Power’s IQS
Launch of new Avante (Elantra)
Exports to South America surpass 1 million units
Developed V6 diesel S engine
Established new Hyundai Motor Europe building
Annual sales surpass KRW 1 trillion
Total production reaches No. 6 in the world
Unveiling of the Hellion, Arnejs, Genus and Talus concept cars
Selected as Interbrand’s 100 Best Global Brands for a 2nd consecutive year
Official sponsor of the 2006 FIFA World Cup Germany
2007
Launch of European strategic model i30
Cumulative sales in the U.S. surpass 5 million units
Unveiling of the 3rd generation fuel cell concept car i-Blue
Developed F, G, H diesel engines for commercial vehicle
Launch of the next-generation compact car i10 by HMI
Verna awarded Best Car of the Year by India’s Overdrive magazine
Unveiling of the HED-IV (QarmaQ) concept car at the Geneva International
Motor Show
2008
Launch of Genesis
Established the 2nd plant in India
Beijing Hyundai hits 1 million vehicles production milestone
Established 2nd plant in Beijing
Sales of Avante (Elantra) surpass 5 million units
Launch of European strategic model i20
Developed next-generation clean diesel R-engine
Launched Blue Drive brand for green models
Tau engine named ‘10 Best Engines Winners’ by Ward’s Auto
2009
Genesis named ‘North American Car of the Year’
Main sponsor of the U.S. Super Bowl
Cumulative exports to Africa surpass 1 million units
No.69 in Global Brand Value
Established the Czech plant
Established Hyundai Motor India Engineering Pvt. Ltd.
Developed next-generation high performance Theta GDi
Sales of Santa Fe surpass 2 million units
Tau engine named ‘10 Best Engines Winners’ by Ward’s Auto for 2
consecutive years 2010
Cumulative sales of Sonata surpass 5 million units
2010
Unveiling of the HED-VII hybrid concept car at the Geneva International
Motor Show
No.1 in J.D. Power’s Vehicle Dependability Study (VDS) for 3 consecutive
years and in the Initial Quality Study (IQS) for sub-compact cars
Launch of Sonata Hybrid at the New York International Auto Show
Genesis and Tucson named No.1 in AutoPacific’s Vehicle Satisfaction
Awards
Sonata awarded the highest safety ratings by the National Highway Traffic
Safety Agency in the U.S.
Cumulative sales of Sonata surpass 5 million units
2011
Blue Link introduced at the 2011 International Consumer Electronics Show
(CES) in the U.S.
Launch of Veloster and the HCD-12 concept car at the North American
International Auto Show
Cumulative sales by HMI surpass 3 million units
Unveiling of the new brand direction and slogan ""New Thinking. New
Possibilities.""
Launch of the 5th generation Grandeur (Azera) and Veloster
Launch of Sonata Hybrid
2012
Avante (Elantra) awarded ‘North American Car of the Year’
Launch of New Santa Fe, i40 Saloon, and Veloster Turbo
No.53 in Global Brand Value
Established the Brazil plant
Tucson (ix35) Fuel Cell supplied to Europe
Unveiling of the ioniq electric concept car
Grandeur (Azera), Avante (Elantra), Santa Fe awarded ‘the ALGR residual
Value Award’
2013
World Rally Championship (WRC) Team launched
Launch of Grandeur Hybrid
No.2 in Autobild’s (Germany) 2013 Quality Satisfaction Report
i10 awarded Indian Car of the Year 2014
Beijing Hyundai sales in China surpass 1 million units / year
Launch of All-new Genesis
2014
All-new Genesis wins the 2014 iF Design Award
All-new Genesis and i10 win the Red Dot Design Award
Unveiling of HED-9 Intrado at the Geneva International Motor Show
Launch of the All-new Sonata
All-new Genesis wins the highest safety score in NHTSA history
Established Hyundai Motorstudio Seoul
2015
Unveiling of Sonata Plug-in Hybrid
Established Hyundai Motorstudio Moscow
Participation of i20 in the WRC, achieving 2nd place in the Rally Sweden
Launch of Sonata Turbo
Launch of All-new Tucson
Launch of mid-duty truck, All-new Mighty
2016
Launched IONIQ eco-friendly hybrid car model
Introduced Project IONIQ future mobility innovation program
Announced connected car development strategy
Began sales of Genesis G80 model
Opened Hyundai Motorstudio Hanam
Ranked thirty-fifth in Interbrand ranking of global brands
Completed construction of plant in Cangzhou, China
2017
Announced three directions for future mobility at CES 2017
Formed alliance for development of fuel cell cars with twelve global players
Launched IONIQ Plug-in model
Unveiled Fuel Cell Electric Vehicle Concept
Launched Sonata New Rise model
Launched new Grandeur Hybrid model
Unveiled Genesis GV80 concept model
2018
Unveiled four key technologies and specifications for in-vehicle network
with Cisco
Unveiled NEXO next-generation FCEV model at 2018 CES
Unveiled new Veloster and Veloster N model
Succeeded in autonomous driving tests on 190 km Seoul-Pyeongchang
Highway
NEXO FCEV model performed world's longest drive among FCEVs
Launched new Veloster model
Launched fourth-generation Santa Fe model
Announced Sensuous Sportiness next-generation design direction
Unveiled Le Fil Rouge concept car, HDC-1 model
2019
Hyundai Kona and Kona Electric CUV Won Prestigious 2019 North
American Utility Vehicle of the Year
Hyundai Veloster N Race Car Made World Debut at North American
International Auto Show
Extended World Archery Title Sponsorship for Three More Years
Hyundai and Kia Invested $300m in India’s Largest Mobility Service
Provider Ola
Showcased ‘STYLE SET FREE’ Concept At Milan Design Week 2019
Operations
What we do
Press Shop
A computer controlled line that converts sheet metal to body panels with high
dimensional accuracy and consistency.
Body Shop
It is a hi-tech line that builds full body shells from panels. Automated robotic arms
are used for intricate welding operations that ensure superior and consistent build
quality.
Paint Shop
It is one of the most modern paint shops in the country and uses the environment
friendly water based process for superior and lasting exteriors.
A unique process management system followed here helps us deliver the most
extensive colour range, independent of minimum batch requirements, helping
customers get their preferred colour anytime.
Assembly Shop
In Assembly Shop all the engine and suspension parts, the electrical parts, the
under body parts etc are fitted into the car. The cars go through complete testing in
the Assembly Shop.
The Assembly Shop comprises the Trim Line, the Chassis Line, the Final Line and
the OK Line
HMIE has contributed to the development of Hyundai Motor’s global cars and
played a major role in popular models for the Indian market starting with the EON
and followed now by the “I” series and also in SUV segments like Creta. HMIE
shine in domains of process automations, design analysis, electronics & software
development functions.
HMIE supports Hyundai Motor Head Quarters, Namyang, South Korea
and Hyundai Motor India Limited, Chennai, India, in areas of Research &
Development services, along with support in the Power Train, Design
Development, Evaluation and Certification Activities and Plant Design
Modification.
The Secret Meaning of the Hyundai Logo
When an automaker designs its official logo to brand its vehicles, its documents,
and its advertisements, a lot of thought is put into the symbol that will represent the
company. Some automotive logos are more abstract (like BMW’s) while others
seem fairly straightforward–mind you, they only seem straightforward.
Take Hyundai, for instance. Everyone recognizes the italicized “H” on the South
Korean automaker’s products, but did you know you’re seeing more than just a
slanted letter of the alphabet?
You’re probably thinking, “How can it have a secret meaning? It’s just an “H”–
for the word Hyundai, right?”
.
Beginning of the Hyundai Name and
Company
The oval around the figures indicates Hyundai’s global expansion, its aim to
flourish in the worldwide market beyond the Asian continent.
When you see the logo embossed in silver on a vehicle’s grill, the color stands for
its sophistication, creativity and perfection. When you see it in print or digitally,
it’s typically blue, which reflects reliability, excellence, and supremacy. The logo
itself uses a custom typeface specifically formed for the company.
While the Hyuindai logo hasn’t gone through the transformation that other brands
have endured (like Mazda), it still is an indication of what the company stands for.
INTRODUCTION OF TOPIC
The concept of motivation
The word motivation has been derived from motive which means any idea, need or
emotion that prompts a man in to action. Whatever may be the behavior of man,
there is some stimulus behind it .Stimulus is dependent upon the motive of the
person concerned. Motive can be known by studying his needs and desires. There
is no universal theory that can explain the factors influencing motives which
control mans behavior at any particular point of time. In general, the different
motives operate at different times among different people and influence their
behaviors. The process of motivation studies the motives of individuals which
cause different type of behavior.
Definition of Motivation:
Significance of Motivation
Motivation involves getting the members of the group to pull weight effectively, to
give their loyalty to the group, to carry out properly the purpose of the
organization. The following results may be expected if the employees are properly
motivated.
1. The workforce will be better satisfied if the management provides
them with opportunities to fulfill their physiological and
psychological needs. The workers will cooperate voluntarily with the
management and will contribute their maximum towards the goals of
the enterprise.
3. The rates of labor’s turnover and absenteeism among the workers will
be low.
4. There will be good human relations in the organization as friction
among the workers themselves and between the workers and the
management will decrease.
Theories of Motivation
Understanding what motivated employees and how they were motivated was the focus of many
researchers following the publication of the Hawthorne study results (Terpstra, 1979).Six major
approaches that have led to our understanding of motivation are Mcclelland’s Achievement Need
Theory, Behavior Modification theory; Abraham H Mallows need hierarchy or Deficient theory of
motivation. J.S. Adam’s Equity Theory, Vrooms Expectation Theory, Two factor Theory.
It is the desire to control the behavior of the other people and to manipulate thesurroundings. Power
motivations positive applications results in domestic leadership style,while it negative application tends
autocratic style.
It is the related to social needs and creates friendship. This results in formation of informalgroups or
social circle.
According to this theory people behavior is the outcome of favorable and unfavorable past
circumstances. This theory is based on learning theory. Skinner conducted his researches among rats
and school children. He found that stimulus for desirable behavior could be strengthened by rewarding
it at the earliest. In the industrial situation, this relevance of this theory may be found in the installation
of financial and non financial incentives. More immediate is the reward and stimulation or it motivates
it. Withdrawal of reward incase of low standard work may also produce the desired result. However,
researches show that it is generally more effective to reward desired behavior than to punish
undesired behavior.
Two Factor Theory:
Douglas McGregor introduced the theory with the help of two views; X assumptions are conservative in
style Assumptions are modern in style.
X Theory
Y Theory
ERG Theory:
Figure 5.4
ERG theory, developed by Clayton Alderfer, is a modification of Maslow’s
hierarchy of needs.Alderfer, C. P. (1969). An empirical test of a new theory of
human needs. . Instead of the five needs that are hierarchically organized, Alderfer
proposed that basic human needs may be grouped under three categories, namely,
existence, relatedness, and growth. Existence corresponds to Maslow’s
physiological and safety needs, relatedness corresponds to social needs, and
growth refers to Maslow’s esteem and self-actualization.
Provide Incentives
Incentives are always motivation boosters — and they don’t have
to be expensive. You can offer incentives like an extra paid day
off, gift cards, tickets to the movies, or other low-cost ways to
show your appreciation. Of course, cash rewards are always good
incentives as well.
There are many ways that businesses have been able to adapt to the changes in
motivation that come with new generations—custom e-learning development, in
particular, helps managers to keep their fingers on the pulse of their employees’
needs. But what exactly are the benefits of having truly motivated employees?
Higher Retention
One of the most obvious benefits of having motivated employees is that your
company will experience much higher retention rates. No smart business owner
will downplay the importance of attracting new talent, and providing effective new
hire training to get new employees up-to-speed. However, retaining talent is
another side of the coin that deserves equal attention. Employees that have
a passion for what they do, and are motivated to produce results, are far more
likely to stick around at a company, as they will feel that they have more of a sense
of purpose. And since replacing an employee can cost more than twice as much as
the cost of their salary, it is in any company’s best interests to retain, rather than
replace, their employees.
Increased Engagement
Kimberly Schaufenbuel, program director at UNC Executive Development, says
(via Business.com) that 'by understanding the reasoning behind employees’
actions, and using those results to motivate them, you can improve business
performance.' When employees become unmotivated, they become disengaged
from their work and the company. Employee engagement is incredibly important,
as only highly engaged employees are invested in moving the company forward
and producing their very best work. By contrast, actively disengaged workers can
not only damage company results but the quality of the product and negatively
affect the company culture as a whole.
Better Culture
Employees that are motivated to work are also more likely to contribute positively
towards the overall company culture. They will help to cultivate a winning
culture—one in which the company is held up and pushed forward by the work of
employees who believe in it, and one in which employees are motivated not only to
do their work well but to come into work every day and have a good time. If you
want a culture that is based on hard work and passion, you will need to have
motivated employees.
Techniques of Motivation
The main techniques of motivation are as under :
RESEARCH
METHODOLOGY
RESEARCH METHODOLOGY
Research
Research design
Types of research design
Types of data collection
MEANING OF RESEARCH
RESEARCH DESIGN
The research design is the set of methods and procedures used in collecting and analyzing measures of
the variables specified in the research problem research. The design of a study defines the study type
(descriptive, correlation, semi-experimental, experimental, review, meta-analytic) and sub-type (e.g.,
descriptive-longitudinal case study), research problem, hypotheses, independent and dependent
variables, experimental design, and, if applicable, data collection methods and a statistical analysis plan.
Research design is the framework that has been created to find answers to research questions.
TYPES OF DESIGNS
There are many ways to classify research designs, but sometimes
the distinction is artificial and other times different designs are
combined. Nonetheless, the list below offers a number of useful
distinctions between possible research designs. A research
design is an arrangement of conditions or collections.
Sometimes a distinction is made between "fixed" and "flexible" designs. In some cases, these types
coincide with quantitative and qualitative research designs respectively,[2] though this need
not be the case. In fixed designs, the design of the study is fixed before the main stage of data collection
takes place. Fixed designs are normally theory-driven; otherwise, it is impossible to know in advance
which variables need to be controlled and measured. Often, these variables are measured
quantitatively. Flexible designs allow for more freedom during the data collection process. One reason
for using a flexible research design can be that the variable of interest is not quantitatively measurable,
such as culture. In other cases, theory might not be available before one starts the research.
DATA COLLECTION
PRIMARY DATA
Primary data was collected through questionnaire which was
mainly close-ended questionnaire and discussion with workers.
SECONDARY DATA
Research Framework
The Research Methods Framework section is an online resource designed to help
researchers of all types design a custom research methodology for their particular
project. While the research framework is organized into nine components with
clear linkages, the process of developing a good research design is an iterative
and often “messy” process. Each of the nine components is linked to the previous
and subsequent components and all components are linked to the conceptual
framework. The component are organized into two groups – the “T” or
foundation of problem, purpose, research questions and conceptual framework
and the “U” or methodology including the literature review, overall approach,
data collection, data analysis, and drawing conclusions.
Research Philosophy
‘The research philosophy you adopt contains important assumptions about the
way in which you view the world, these assumptions will underpin you research
strategy and the methods you choose as a part of that strategy.
This research will take a positivistic approach. The positivism approach is where
the researcher believes that only observable phenomena can provide credible
data and facts. Phenomenology is a research philosophy that sees social
phenomena as socially constructed, and is particularly concerned with generating
meanings and gaining insights into those phenomena. It is an anti-positivist
approach that does not concern facts or measuring the consistency of events but
rather tries to understand and explain people’s behaviour. Positivism involves
using current theory to develop hypotheses that will be tested and confirmed or
rebutted and will lead to more development of the theory as it describes
positivists as having ‘detached the knowing subject from the social context and
yet sought to validate know ledge by the analysis of the subject’.
Research Approach
There are two types of research approaches deductive and inductive. An Inductive
approach is where the researcher collects data first and then develops theory as a
result of the data analysis.
Deducing a Hypothesis.
Expressing the hypothesis in operational terms
Testing the hypothesis.
Examining the outcome
Modifying the theory in light of findings if necessary.
This research takes a deductive approach. The reason for this selection is that the
researcher assumes that there are sufficient amounts of studies done in the area
of performance appraisal. Performance Appraisal is one of the most heavily
researched areas of Human Resource Management.
Research Strategy
Research Instrument
QUESTIONNAIRE
The researcher looked at numerous instruments that they could use to carry out
the research, but after careful consideration, chose to use a survey/questionnaire
as the design of the research carried out. She felt that it is best suited to the
research plans as the research has to gather a large collection of data from a big
population. This method of data research collection was also chosen as the
researcher needed to ensure the answers were objective. It is vital that valid
opinions and attitudes were given, and surveys are known for not influencing or
manipulating answers given.
A questionnaire is a highly structured data collection technique whereby each
respondent is asked the same questions. Surveys are popular as they allow the
collection of a large amount of data in a highly economical way. The researcher
developed a survey for employees that receive performance appraisal; the
surveys looked into how the employees felt about the performance appraisal
systems and whether it is effective in their opinion.
There are numerous advantages for using a questionnaire to carry out research,
Here are some of the advantages:
As time has been a constraint for me, using questionnaires is best suited as
they are not as time consuming as other methods of research. all done
online
CHAPTER-5
DATA ANALYSIS
AND
INTERPRETATION
DATA ANALYSIS AND INTERPRETATION:
36 to 40 10%
25 to 35 58%
Below25 18%
Interpretation: the age of the respondents. 58% of the employees fall under the
age group of 25-30, 18% of the employees fall under 25, 14% of employees fall
under 41 and above and 10% employees fall under the age group of 36-40.
Q2) Employee motivation with regard to increments given to
employees?
1.Strongly agree 24% 2. Agree 64%
3. Neither agree nor disagree 8% 4. Strongly disagree 4%
5. Disagree 0%
70%
64%
60%
50%
40%
30%
24%
20%
10%
8%
4%
0% 0
strongly agree agree neither agree strongly disagree
nor disagree disagree
strongly agree
strongly disagree 0% disagree
16% 0%
strongly agree
agree
agree
56%
80%
68%
70%
60%
50%
40%
30%
20%
20%
8%
10% 4%
0
0%
strongly agree agree
neither agree norstongly
disagree
disagreedisagree
agree
strongly disagree
agree
68%
disagree
Interpretation: the satisfaction level of employee with their break timings. 68%of
the employees agree with it, 24% of them are neutral and 8% of the employees
strongly agree.
Q6) Are you agree with good physical working conditions providing in
the organization?
strongly disagree
disagree
0%
0%
strongly agree
neither agree nor
8%
disagree
20%
strongly agree
agree
neither agree nor disagree
strongly disagree
disagree
agree
72%
Interpretation: the motivation level of the employees with regard to good working
conditions of the organization. 72 % of the employees agree with it, 20% of them
are neutral and8% of the employees strongly agree.
Q7)What Opinion of the employees with regard to job security?
00
8% strongly agree
20%
agree
strongly disagree
72%
disagree
0 0
strongly agree
16%
24%
agree
strongly disagree
disagree
60%
disagree
strongly disagree
0%
0% 0%
neither agree nor strongly agree strongly agree
disagree 12%
24%
agree
disagree
agree
64%
70%
60% 60%
50%
40%
30%
24%
20%
16%
10%
0% 0 0
Interpretation: the employee about the recognition of him from the superior.60%
of the employees agree with it, 24% of them are neutral and 16% of the employees
strongly agree.
Q11) The job gives good status in the organization?
disagree
neither agree nor 0%
disagree strongly disagree strongly agree
8% 0%
strongly agree
24% agree
strongly disagree
disagree
agree
68%
Interpretation: the status the employee gets from the job. 68% of the employees
agree with it, 8% of them are neutral and 24% of the employees strongly agree.
Q12) The quality of the relationships in the informal work group is good
or not?
100%
90%
88%
80%
70%
60%
50%
40%
30%
20%
10% 12%
0% 0% 0 0
Interpretation: the relationship in the informal work group. 88% of the employees
agree with it, 12% of them are neutral.
CHAPTER-6
LITRATURE
REVIEW
Literature review
Garg and Rastogi (2006) identified the key issues of job design
research and practice to motivate employees’ performance and
concluded that a dynamic managerial learning framework is required to
enhance employees’ performance to meet global challenges.
Den and Verburg (2004) found the impact of high performing work
systems, also called human resource practices, on perceptual measures
of firm performance.
Ashmos and Duchon (2000) recognizes that employees have both a
mind and a spirit and seek to find meaning and purpose in their work,
and an aspiration to be part of a community, hence making their jobs
worthwhile and motivating them to do at a high level with a view to
personal and social development.
FINDINGS
FINDINGS
Motivation of employee is a highly relative matter since it varies
in degrees, dimensions and places of employment. Thus, the policies formulated in
any organization cannot be enthusiastically and successfully implemented when
the employees are very apathetic with the conditions prevailing in their workplace.
Hence, lack of motivation of employees in any organization is sine qua non to the
failures in the achievement of the desired or designed goals or objectives.
Motivated employees are crucial to a Government organization’s success. How to
keep people motivated and productive is the biggest question that any manager
faces in his life. Recognition and reward are two important sources for motivating
people to achieve standards of excellence. Recognition and reward reinforce and
guide behavior of employees. Most managers believe that their monetary rewards
only drive employee motivation. Employees, however, do not reflect the same
opinion. Instead, in various studies, employees responded that they are most
motivated on the job by the intangible variables of full appreciation for a job well-
done, being a part of decisions that affect them, opens communications, interesting
and meaningful work, having good relationships at work and so forth. This
difference of perspective is especially alarming given that those items that are
considered most motivating by employees today involve little, if any money, but
rather simply some time, thoughtfulness and creativity on the part of their
manager.
In the first section, researcher has classified the respondents based
on seven demographic variables such as age, gender, monthly Salary, educational
qualification, experience, position and Department and their main findings are
presented below.
1) the age of the respondents. 58% of the employees fall under the age group of
25-30, 18% of the employees fall under 25, 14% of employees fall under 41 and
above and 10% employees fall under the age group of 36-40.
2) the motivation level of the employees regarding the salary increments given to
them. 64% of the employees agree with it, 24% of the employees strongly agree,
8% of them are neutral and 4% strongly disagree.
3) the types of incentives that motivates the employees financial or non-financial.
56% of the employees agree with it, 28% of the employees are neutral, 16%
of them strongly disagree.
4) the level of satisfaction with regard to salary given to them. 68%of the
employees agree with it, 20% of them are neutral, 8% strongly disagree and 4% of
the employees strongly agree.
5) the satisfaction level of employee with their break timings. 68%of the
employees agree with it, 24% of them are neutral and 8% of the employees
strongly agree.
6) the motivation level of the employees with regard to good working conditions
of the organization. 72 % of the employees agree with it, 20% of them are neutral
and8% of the employees strongly agree.
7) the opinion of the respondents on job security. 72% of the employees agree
with it, 8% of them are neutral and 20% of the employees strongly agree.
SUGGESTION
SUGGESTIONS
LIMITATION
Limitations of the Study
In completing this research project, every effort has been made to keep the errors
out, yet there are limitations of the study. A few of the limitations may be cited as
under:—
1. The study is based upon primary data and as well as secondary data therefore the
inferences may have been affected by the opinions of the various contributors.
2. Research is confined to shahjahnpur.
3. Employees in banks have lot of workload. All the questionnaire were filled at
banks during the working hours so it is a possibility that they have filled the
questionnaire in hurry.
4. The latest data, not being available the results are related to a feedback of the
respondents.
5. There are several reforms in banking industry and a chain of reforms have
started and all such reforms cannot be incorporated in the study; only a selected
few reforms have been discussed in the study.
6. Responses may be influenced by the colleagues or some respondents may not
disclose the truth.
CHAPTER-10
CONCLUSION
Conclusions can be summarised as follows
1. The study concludes that the respondents were overburden with the work load
in their workplaces.
3. The study reveals that the respondents of both private and public sector banks
claims that they are suffering from physical problems due to working hours and
seating culture of banking industry.
5. Behavioural problems like mood swings and reduction in motivation are seen in
most of the cases.
6. The research also highlights that the respondents of private sector banks are
more stressful as compare to Public sector banks employees.
7. The analyses also reveal that majorly public sector banks have less amenities as
compare to private sector bank employees.
8. It is also seen from the study that banking sector is not playing an active role in
Stress Management programmes for the employees in both private sector as
well as public sector banks.
9.
This research is unique in that it integrates a broader set of antecedent variables
including demographic and work characteristics of gender, age and marital status,
and parenthood, number of children, hierarchical level, department, and working
hours. A better understanding of the demographic and work factors that lead to
stress should subsequently help managers understand a greater proportion of the
variance of employee’s satisfaction, performance and turnover, which help them
better in dealing with it. The problem of stress is inevitable and unavoidable in the
banking sector. A majority of the employees face severe stress-related ailments and
a lot of psychological problems. Hence, the management must take several
initiatives in helping their employees to overcome its disastrous effect. Since stress
in banking sector is mostly due to excess of work pressure and work life imbalance
the organization should support and encourage to take up roles that help them to
balance work and family.
CHAPTER-11
BIBLIOGRAPHY
BIBLIOGRAPHY