Professional Documents
Culture Documents
(KARAN SAIKIA)
(G-162100452)
THE B.B.A PROGRAM (2017-2020)
ACKNOWLEDGEMENT
1
This project report is a result of endless effort & immense degree of toil by many great minds.
I would like to thank all those people who graciously helped me by sharing their valuable time,
experience & knowledge.
I would like to dedicate this work to my revered institute Doon College of Agri. Science &
Technology where I am getting the shape of future business manager.
I express my sincere gratitude to honorable Mr. R.R Dwivedi Principal of D.C.A.S.T for their
support and guidance.
Lastly, I express my gratitude to my Parents and Friends who financed this project and have
been a moral support to me during this project.
I express my earnest gratitude to Mr. Sridhar Krishnamurthy; Asst. HR Manager EFD India
Ltd; Chennai for giving me an opportunity to do project in this renounced organization and my
External guide for his whole hearted encouragement and valuable guidance in completing the
project to a success.
I am deeply indebted to Mr. Ragavendran Haridas Bhat – HR EFD India Ltd, Chennai for
his invaluable help and advises
I also thank all the officials / employees of EFD India ltd, Chennai who were instrumental
in the completion of this project.
I express my heartfelt thanks to My Parents, Relatives and My Friends for their support in
and every aspect of my life.
DECLARATION
2
I Miss Taha timpu hereby declare that the term paper entitled ‘Employee
engagement’ EFD – Efunds Corporation (P) Ltd.(Chennai)
submitted to Doon PG Agriculture Science and Technology, Selaqui, Dehradun
for partial fulfillment of the requirement of the award of degree of “
BECHALORE OF BUSINESS ADMISNISTRATION course is record of
bonafide work carried out by me.
ABSTRACT
3
Employee Engagement activities is one of the major criterion to know about the
success of any organization whether it is a small or big one. The study on the employee
engagement activities at EFD – eFunds Corporation (P) Ltd, explores the expectations of the
associates to get entertained by their engagement activities. These data helps the concern to
incorporate the employee needs or modify the existing engagement activities as per their
expectations.
From the study on the employee engagement activities at EFD, it was found that the
most of the associates are highly engaged with the company both intellectually & emotionally.
Also the study infers that the associates are more pleased about the birthday bashes
celebrations and external agencies giving presentations/seminar at EFD, however they expect
more increased entertainment programs. Therefore the concern has to concentrate more on
increasing the entertainment programs & recognize their personally preferred topics for
external agencies presentations. With regards to the approachability & meetings conducted by
the HR’s at EFD are convincing for the associates.
The study shows that the associates of EFD-eFunds Corporation (P) Ltd are very much
impressed about the Company and the only thing is that they have to incorporate the fewer
changes in existing engagement activities and there such that they can satisfy their associates.
To retain their valuable associates, the concern has to interact and get feedback from the
employees more frequently.
TABLE OF CONTENTS
4
PAGE
CHAPTER TITLE
NO
INTRODUCTION
1 1.1 Company Profile 6
1.2 Need for the Study 11
2 REVIEW OF LITERATURE 12
3 OBEJECTIVES 20
4 RESEARCH METHODOLOGY 21
7 CONCLUSIONS 41
5
INTRODUCTION
6
CHAPTER – 1
With more than 30 years of enterprise payments and data & decisioning expertise, EFD
delivers flexible, innovative solutions to the world's leading businesses. Leveraging mission-
critical business insight, EFD enables financial services companies, retailers, and government
organizations to grow their businesses while reducing transaction and infrastructure costs,
detecting potential fraud and building long-term customer value. EFD's flexible delivery
model means solutions can be run in-house, outsourced or anything in between, helping
customers balance the need for control with operational efficiency and low cost of ownership.
From the point of account opening to the settlement of every transaction -- debit, credit, or
prepaid – EFD helps businesses win more of the right customers, serve them more efficiently
and keep them.
EFD builds flexible solutions to help you manage and optimize your financial transaction
accounts - from account acquisition and origination to transaction processing, retention and
customer care with the confidence to conduct trusted commerce by adding value to every stage
of the integrated account and transaction lifecycles.
7
Major Domains of EFD
Financial Services
Retail
Government
Telecommunications
Financial Services
Simplify operations
Retail
Build loyalty
Government
Process EBT
Prevent Fraud
8
“EFD’s” Commitment
Innovation
Results
Respect
Integrity
Customer focus
Honesty/Candor
Team work
Team EFD
Team EFD is the core of eFunds Corporation and is bound by a shared purpose, vision
and set of core values. The information below offers insight into these key components, along
with additional information on EFD organization, including our customer base, global
resources, recognition programs and management team.
Our Purpose
To enable a better way for trusted commerce.
Our Vision
A global, customer-centric, and innovative solutions company.
Our Values
Recognition Programs
9
Chairman's Award
Chairman's Award winners are selected annually by the CEO, Paul Walsh, and the Executive
Leadership Team from the pool of quarterly E3 winners.
Solutions Overview
Offers real-time information from the world's largest debit database, pioneering
expertise and technology in payments, retail and financial risk management .
Take your company from where it is today to where you want to be tomorrow - all
without interruption to your existing operations.
Principal Locations
USA
Canada
Australia
Asia pacific(Chennai ,Gurgaon, Mumbai, Singapore)
UK
Press Room
Paul F. Walsh
Chairman and Chief Executive Officer
George W. Gresham
Chief Administrative Officer, Chief Financial Officer and Executive Vice President, Finance
Kay Nichols
Executive Vice President, Strategy, Marketing and Product Development
Clyde L. Thomas
Chief Information Officer and Executive Vice President, Global Technology and Operations
Laura De Cespedes
Executive Vice President, Human Resources
10
1.2 NEED FOR STUDY
2) To understand & identify the problematic areas and make a plan and take action
towards improvement.
3) This study helps not only to retain valued employees, but also to increase its level
of performance
11
CHAPTER -2
REVIEW OF LITERATURE
It is a concept that is generally viewed as managing discretionary effort, that is, when
employees have choices, they will act in a way that furthers their organization’s interests. An
engaged employee is a person who is fully involved in, and enthusiastic about, his or her work
Most organizations today realize that a ‘satisfied’ employee is not necessarily the ‘best’
employee in terms of loyalty and productivity. It is only an ‘engaged employee’ who is
intellectually and emotionally bound with the organization, feels passionate about its goals and
is committed towards its values who can be termed thus. He goes the extra mile beyond the
basic job responsibility and is associated with the actions that drive the business. Moreover, in
times of diminishing loyalty, employee engagement is a powerful retention strategy. The fact
that it has a strong impact on the bottom-line adds to its significance.
“Employee engagement is a barometer that determines the association of a person with the
organization.”
Atul Kunwar
Managing Director
EFunds International India
The key ingredients of an engaged employee seem to be:
12
2.2 Studies
Engaged employees care about the future of the company and are willing to invest the
discretionary effort.
Engaged employees feel a strong emotional bond to the organization that employs
them.
It suggests that people are motivated by intrinsic factors (e.g. personal growth, working
to a common purpose, being part of a larger process) rather than simply focusing on
extrinsic factors (e.g., pay/reward).
Global studies suggest that there are three basic aspects of employee engagement:
The employees and their own unique psychological make up and experience
The employers and their ability to create the conditions that promote employee
engagement
Enhance leadership.
Involve your people and value their input.
13
A manifesto for outstanding organizational performance
Getting and keeping your employees engaged comes down to three simple factors: -
Leadership by example
A willingness to listen
14
An organization’s capacity to manage employee engagement is closely related to its
ability to achieve high performance levels and superior business results.
Engaged employees will stay with the company,
Engaged employees also normally perform better and are more motivated.
Not only to retain valued employees, but also increase its level of performance.
Insist upon increased engagement at the managerial level and create and deploy a
customized employee satisfaction survey from alpha measure to assess your current
level of employee engagement.
Identify problem areas, make a plan and take action towards improvement.
Most organizations have a range of programs to improve the engagement level of their
employees. Below are the lists of initiatives can be made by the organization, starting right
at the selection stage:
15
Strong induction and orientation program
Rigorous training and development, from technical to soft skills to leadership
development programs.
To keep up the morale of people and drive them towards excellent performance,
through various incentives such as recognition letters, profit sharing schemes, long
performance awards, ESOPS, building assets like own home.
Regular feedback to all people
Communication forums like the in-house magazine, In touch, an e-forum to develop
entrepreneurship, and regular surveys and conferences
To maintain the quality of work-life and a balance between personal/professional lives,
there are recreational activities like festivities, get-togethers, sports, etc
An open and transparent culture to empower its people and develop entrepreneurs.
16
Employee engagement can be revealed in several ways, including ‘pulse’ to annual surveys,
tracking changes in the attrition rate, increase in the number of employee referrals, and growth
in productivity and business.
Morale is low
Absenteeism is up
Punctuality is a problem
Theft is a problem
2.12 Remedies
17
Hire a team-building expert and arrange a one-day retreat
Host a meeting where you listen to feedback and ideas. Promise to implement at
least one of the recommendations – the one that is chosen as the most critical and
there is a clear, reasonable solution that can be implemented without putting a high
demand on resources.
Meet daily for very short meetings (10 minutes maximum) and share daily
priorities and news. Keep the agenda the same every day – 5-6 items.
Create a code of conduct and a set of values as a team and reward staff for
demonstrating the code or the values.
Engagement levels decline as employees get older – until they reach the oldest
group (60 plus), where levels suddenly rise, and show this oldest group to be the
most engaged of all
18
Minority ethnic respondents have higher engagement levels than their white
colleagues
Managers and professionals tend to have higher engagement levels than their
colleagues in supporting roles, although people in the latter group appear to owe
greater loyalty to their profession than to the organization in which they practice
their craft
Engagement levels decline as length of service increases
Having an accident or an injury at work, or experiencing harassment (particularly
if the manager is the source of the harassment) both have a big negative impact
on engagement
Employees who have a personal development plan, and who have received a
formal performance appraisal within the past year, have significantly higher
engagement levels than those who have not.
Performance Management
Awards
19
Work Life
Integration within the Company
o Buddy Programs
o Induction Programs
Fun at wok place
Birthday bashes
CHAPTER -3
OBJECTIVES
20
CHAPTER-4
RESEARCH METHODOLOGY
4.1 Research:
Research is a process in which the researcher wishes to find out the end result for a
given problem and thus the solution helps in future course of action. The research has been
defined as “A careful investigation or enquiry especially through search for new facts in any
branch of knowledge.
21
for generating, collecting and evaluating data. Methods are the ways of obtaining information
useful for assessing explanations.
The descriptive methods have certain limitations; one is that the research may make
description itself an end itself. Research is essentially creative and demands the discovery
of facts on order to lead a solution of the problem. A second limitation is associated
whether the statistical technique dominates. The desire to over emphasis central
tendencies and to fact in terms of AVERAGE, correlation, means and dispersion may not
always be either welcome. This limitation arises because statistics, which is partly a
descriptive tool of analysis, can aid but not always explain casual relations.
22
factory, health, safety and welfare. A descriptive study may be concerned with the right to
strike, capital punishment, prohibition, etc.
Percentage method
Coefficient of Variation
i. There is low cost even when the universe is large and is widely spread geographically.
ii. It is free from the bias of the interviewer; answers are in respondents own words.
iii. Respondents, who are not easily approachable, can also be reached conveniently.
23
iv. Large samples can be made use of and thus the results can be made more dependable
and reliable.
v. Respondents have adequate time to give well thought out answers.
i. Low rate of return of the duly filled in questionnaires; bias due to no-response is often
indeterminate.
ii. It can be used only when respondents are educated and cooperating.
iii. The control over questionnaire may be lost once it is sent.
iv. It is difficult to know whether willing respondents are truly representative.
v. This method is likely to be the slowest of all.
24
The research design followed for this research study is descriptive research design
where we find a solution to an existing problem. The problem of the study is to find out the
“effectiveness of the employee engagement”.
Universe : 800
CHAPTER – 5
25
5 Individual Social 4 13.33
Responsibility
Total 30 100
Employee’s preference on topics presented by external agencies
33.33
35
30
25 20
20 16.67 16.67
13.33
15
10
5
0
Development
Health Care
Management
Responsibility
Enhancements
Personality
Individual
Financial
Stress
Social
Inference:33.33% of the employees prefer Personality Development, 16.67 % of the
employees prefer Health Care, 20% prefer Financial Enhancements, 16.67 % prefer Stress
Management, and 13.33 % prefer Individual Social Responsibility.
Employee’s ratings for the external agencies presentation skills & ability to hold the
interest of the audience
26
Employee’s ratings for the external agencies presentation skills & ability to hold the
interest of the audience
80 73.33
70
60
50
40
30
16.67
20
10
0 0 0
0
Strongly Agree No Comments Disagree Strongly
Agree Disagree
Inference:
16.67% of the employees rates Excellent for the presentation and 73.33 % rates Very
Good for the presentation.
27
60
50
50 46.67
40
30
20
10 3.33
0 0
0
Strongly Agree No Comments Disagree Strongly
Agree Disagree
Inference:
50% of the employees strongly agree that the contents of the induction program was
useful to them, 46.67 % agree it was useful and 3.33% have no comments.
28
70 63.34
60
50
40 33.33
30
20
10 3.33
0 0
0
Strongly Agree No Comments Disagree Strongly
Agree Disagree
Inference:
63.34% of the employees strongly agree that the major festivals are celebrated well at
EFD, 33.33 % agree it’s well celebrated and 3.33% have no comments.
.
Employees opinion on the happenings of sport events periodically at EFD
29
80
70
70
60
50
40
26.67
30
20
10 3.33
0 0
0
Strongly Agree No Comments Disagree Strongly
Agree Disagree
Inference:
70% of the employees strongly agree that the Sport events happen periodically at EFD,
26.67 % agree it happens periodically and 3.33% have no comments.
30
120
96.67
100
80
60
40
20
3.33 0 0 0
0
Strongly Agree No Disagree Strongly
Agree Comments Disagree
Inference:
96.67% of the employees strongly agree that the HR is approachable and 3.33 % of the
employees agree.
Employee’s opinion on the Skip level meeting & town hall meetings happens at regular
interval
Employee’s opinion on the Skip level meeting & town hall meetings happens at regular
interval
31
90
76.67
80
70
60
50
40
30 20
20
10 3.33
0 0
0
Strongly Agree No Comments Disagree Strongly
Agree Disagree
Inference:
76.67% of the employees strongly agree that the Skip level meeting & town hall
meetings happen at regular interval, 20% agree and 3.33 % of the employees have no
comments.
32
70
60
60
50
40
40
30
20
10
0 0 0
0
Strongly Agree No Comments Disagree Strongly
Agree Disagree
Inference:
60% of the employees strongly agree to the statement and 40% of the employees agree
to the statement.
33
60
50
50 46.67
40
30
20
10 3.33
0 0
0
Strongly Agree No Comments Disagree Strongly
Agree Disagree
Inference:
50% of the employees strongly agree that the employee engagement activities boost up
their morale, 46.67% of the employees agree and 3.33 % have no comments
34
90 83.33
80
70
60
50
40
30
16.67
20
10 0 0 0
0
Strongly Agree No Comments Disagree Strongly
Agree Disagree
Inference:
83.33% of the employees strongly agree that they have fun at work place and 16.67%
of the employees agree.
Employee’s opinion on that they have been given a realistic job preview
Employee’s opinion on that they have been given a realistic job preview
35
90 80
80
70
60
50
40
30 20
20
10 0 0 0
0
Strongly Agree No Comments Disagree Strongly
Agree Disagree
Inference:
80% of the employees strongly agree that they have been given a realistic job preview
and 20% of the employees agree.
Employee’s opinion on that they have been given equal opportunities & fair treatment
within EFD.
Employees opinion on that they have been given equal opportunities & fair treatment
within EFD.
36
70 63.34
60
50
40 33.33
30
20
10 3.33
0 0
0
Strongly Agree No Comments Disagree Strongly
Agree Disagree
Inference:
63.34% of the employees strongly agree that they have been given equal opportunities
& fair treatment within EFD, 33.33% of the employees agree and 3.33% have no comments
Employees opinion on that they feel their basic health & safety is taken care within EFD
Employees opinion on that they feel their basic health & safety is taken care within EFD
37
90 80
80
70
60
50
40
30 20
20
10 0 0 0
0
Strongly Agree No Comments Disagree Strongly
Agree Disagree
Inference:
80% of the employees strongly agree that they feel their basic health & safety is taken
care within EFD and 20% of the employees agree.
38
60 53.33
50 46.67
40
30
20
10
0 0 0
0
Strongly Agree No Comments Disagree Strongly
Agree Disagree
Inference:
53.33% of the employees strongly agree that the employee engagement activities has been
motivated me to work towards the organizational goals and 46.67% of the employees agree.
CHAPTER- 6
From the study it was found that, almost 90 % of the associates are highly engaged
with the company both intellectually & emotionally.
According to the respondents 86% of the associates feel the birthday bashes celebration
is entertaining, 50% of the associates attend the birthday bashes celebration regularly
and 76% of the associates prefer increased entertainment programs.
The study found that 80% of the associates have opted excellent for the external
agencies giving a presentation/seminar at EFD, 76% of the associates agree the
external agencies had the ability to hold the interests of the audience.
In the study the topics preferred by the associates are as follows
39
20% prefer Financial Enhancements,
16.67 % prefer Stress Management, and
13.33 % prefer Individual Social Responsibility.
It was found that 76% of the associates strongly agree that the skip level meetings &
town hall meetings happen at regular intervals & 96% of the associates strongly agree
that the HR is approachable
According to the study 80% of the associates feel the employee engagement activities
boost their morale , 80% of the associates strongly agree that they have fun at work
place,70% of the associates strongly agree that their basic health & safety are taken
care at EFD
80% of the associates strongly agree that they have been given a realistic job preview
& have equal and fair Opportunities within EFD.
From the overall study it is proved that most of the associates are highly engaged with the
organization; however the associates have fewer problems with the engagement activities,
those problems can be rectified by using the following measures so that employees can
develop ownership of their goals, targets, and milestones, and enhance their contributions
to the company and increase their impact.
To have a perfect response for the birthday bash celebration the organization can
increase the entertainment programs with more number of games, puzzle solving,
riddles & also may distribute gifts.
40
and made them feel that their contribution was important and to believe their values
were mirrored by those espoused by senior management.
The team HR can maintain the same regular intervals for town hall meetings & skip
level meetings to ensure an healthy relationship amongst the associates & employers
Finally the organization can increase the engagement activities like hiring a team-
building expert and arrange a one-day retreat, create an anonymous feedback
mechanism, Provide feedback and guidance every now & then, provide them with
various services to help them balance their work and family lives to understand the
associates and to engage all the employees more actively than the present level.
CHAPTER-7
CONCLUSION
In today’s competitive Business world, employees are expecting more and more from
the employers. With increased change in needs and expectation of the employees and the
employers need to be cautious in choosing the right fit and giving a realistic job preview and
engage the associates through their engagement activities to build passion, commitment and
alignment with the organization’s strategies and goals
From the study on the employee engagement activities at EFD, it was found that the
most of the associates are highly engaged with the company both intellectually & emotionally.
Also the study infers that the associates are more pleased about the birthday bashes
celebrations and external agencies giving presentations/seminar at EFD, however they expect
more increased entertainment programs. Therefore the concern has to concentrate more on
increasing the entertainment programs & recognize their personally preferred topics for
41
external agencies presentations. With regards to the approachability of HR & meetings
conducted by the HR’s at EFD are convincing for the associates.
To conclude, the study explores the employee engagement activities at EFD infers that
the employees have a good will within the organization and the concern has to focus on the
key areas where the associate’s needs has to be satisfied to lower the attrition rate , to provide
a high-energy working environment and to improve the overall organizational effectiveness
CHAPTER-8
1) The project throws light on the need for Learning Employee Engagement for
successfully sustaining the associates in the organization.
2) The project was developed to check the effectiveness of the employee
engagement activities.
3) It will be helpful for the Management to identify the needs and wants of the
associates to get relaxed from their work tension through engagement activities
4) This study would be a base for the researchers who are carrying survey in the
similar topic else where.
5) The study also helps the concern for the further enhancement for their
engagement activities by elaborating the current survey.
42
8.2 LIMITATIONS
ANNEXURE
ANNEXURE-I
Survey Form
Personality Development
Health Care
Financial Enhancements (e.g. Stocks, Shares, Investments etc.)
Stress Management / self Development
43
Individual Social Responsibility
Any other (Please Specify)………………………….
2. How would rate the external agencies presentation skills & ability to hold the
interest of the audience
6. HR is approachable to you
7. Do you think the HR skip level & town hall meeting happens at regular intervals
44
Strongly Agree Agree No Comments Disagree Strongly Disagree
12. I have been given equal opportunities & fair treatment within EFD
13. I feel my basic health & safety is taken care within EFD
14. The Employee Engagement Activities has been motivated me to work towards the
Organizational goals
45
ANNEXURE-II
BIBLIOGRAPHY
BOOKS:
46
WEBSITES:
1. www.efunds.com
2. www.managment.org
3. www.moraleinfo.com
4. www.hrdigest.com
47
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