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Final Dissertation - Report - Cuhp20mba29
Final Dissertation - Report - Cuhp20mba29
ON
BADDI, HP
June2022
School of Business & Management Studies Central University of Himachal Pradesh
i
STUDENT DECLARATION
I, Miss Balbeer Kaur, a student at Central University of Himachal Pradesh, hereby declare that
such a DISSERTATION REPORT ready by me at VARDHMAN TEXTILES Ltd. Dr.
Dipanker Sharma is my mentor, and my topic is an analysis of EMPLOYEE SATISFACTION
Through VARDHMAN TEXTILES Ltd.
I also officially confirm that this research study is the result through my own efforts and never
been submitted for a degree to any other university.
Date: Signature:
ii
PREFACE
It is said that after such a lot of practice, a guy becomes perfect. In Business, theory serves as the
foundation for practice, while practice analyses the amount of truth enclosed in theory. As a result,
keeping a perfect balance is essential for MBA success.
Business management is critical for goal achievement as well as general staff development and
management. As a management student, we must perform multiple methods of reasoning for
practice knowledge and practice training.
It has not only improved my understanding of diverse fields of HR Department and company
duties toward their wellbeing, but it has also provided me with fresh perspectives on the anxiety
and depression and attitudes of the employees against work and their own duties.
iii
ACKNOWLEDGEMENT
Apart from the efforts of the individual, the success of this project is highly dependent on the
guidance and encouragement of many others. I would like to say a big thank to everyone who
helped completion of a dissertation.
It is indeed my huge pleasure and gloomy duty to express my appreciation for his encouragement,
Dr. DIPANKER SHARMA I am grateful to him for accepting myself as a research student.
I would like to thank Vardhman Textiles Ltd. employees, as well as mine friends who works in
this organization and assisted me in gathering data from the company's employees.
I would also thanks to my parents, staff members and my friends for their support and motivation
in successful completion of this project
BALBEER KAUR
CUHP20MBA29
MBA (HR)
HRHPKVBS
iv
Executive summary
I have studied “employees’ satisfaction” at “Vardhman Textile Ltd. The primary goal of the study
was to determine the level of employee satisfaction in the organization.
All businesses rely on employee satisfaction. Employee job satisfaction is an important factor to be
considered in the organization, including promo, salary, supervision, workplace conditions, tenure,
and personality.
The study was conducted as part of Descriptive Research, and convenience sampling techniques were
used to select the sample. The primary information was obtained using a questionnaire. The
secondary data was gathered from the company's website. 37 employees will receive a structure
questionnaire, and survey was conducted based on their responses. The data was analyzed using the
percentage method. From the early part of the questionnaire's preparation to the analysis, findings,
and recommendations, every precaution has been taken.
v
TABLE OF CONTENTS
Chapter Title Page
No. No.
Certificate from the Company/Organization
Declaration ii
Preface iii
Acknowledgement iv
Executive Summary v
Introduction
I.1 Industry profile 9
I.2 Organizational profile 10-14
I.3 Introduction to topic 15-16
II Research Methodology
Review of literature 17
Scope of the study 18
Objectives of the study 18
Research Design 18
Sample Size and Sampling Technique used for Data Collection 19
vi
LISTOF TABLES
S. No. TABLE NUMBER PAGE No.
1 Table No.3.1(a) 20
2 Table No.3.1(b) 21
3 Table No.3.1(c) 22
4 Table No.3.1(d) 23
5 Table No.3.1(e) 24
6 Table No.3.2 25
7 Table No.3.3 26
8 Table No.3.4 27
9 Table No.3.5 28
10 Table No.3.6 29
11 Table No.3.7 30
12 Table No.3.8 31
13 Table No.3.9 32
14 Table No.3.10 33
15 Table No.3.11 34
16 Table No. 3.12 35
17 Table No.3.13 36
18 Table No.3.14 37
19 Table No.3.15 38
20 Table No.3.16 39
21 Table No.3.17 40
22 Table No.3.18 41
23 Table No.3.19 42
24 Table No.3.20 43
vii
LIST OF PIE CHART
S. No. GRAPHNUMBER PAGE No.
1 Pie Chart No.3.1(a) 20
2 Pie Chart No.3.1(b) 21
3 Pie Chart No.3.1(c) 22
4 Pie Chart No.3.1(d) 23
5 Pie Chart No.3.1(e) 24
6 Pie Chart No.3.2 25
7 Pie Chart No.3.3 26
8 Pie Chart No.3.4 27
9 Pie Chart No.3.5 28
10 Pie Chart No.3.6 29
11 Pie Chart No.3.7 30
12 Pie Chart No.3.8 31
13 Pie Chart No.3.9 32
14 Pie Chart No.3.10 33
15 Pie Chart No.3.11 34
16 Pie Chart No.3.12 35
17 Pie Chart No.3.13 36
18 Pie Chart No.3.14 37
19 Pie Chart No.3.15 38
20 Pie Chart No.3.16 39
21 Pie Chart No.3.17 40
22 Pie Chart No.3.18 41
23 Pie Chart No.3.19 42
24 Pie Chart No.3.20 43
viii
CHAPTER- 1
INTRODUCTION
INDUSTRY PROFILE
CHANDIGARH: Vardhman Group, India's leading textile company, has partially resumed
manufacturing across all of its manufacturing sites in Punjab, Himachal Pradesh, and Madhya
Pradesh while completely adhering to the government's guidelines to combat Covid-19. The
Group resumed Yarn production inside the mid of April and is currently operating at 40-45
percent of production capacity due to a staggered workforce, TOPI.T.COMPANIES IN INDIA:
The textile major might have halted processes in all divisions after the Government of India
declared a nationwide lockdown to combat the spread of Covid-19. Before resuming operations,
the company took all necessary precautions to ensure the health and safety of its employees.
India is the world's largest supplier and exporter of textiles. The Indian textile industry had already
evolved over the years. Let us investigate the history of the Indian textile industry. The Indian
textile industry has an important role dating back more than 5000 years. From its early roots as
handloom weaving in villages to large-scale modern-day textile mills, the industry has evolved
significantly.
In India, textile industry arose because of British rule in India. Various industries arose as a result
of the industrial revolution in various parts of the world. This resulted in a change in which a
wider range of products have been made available to consumers at cheaper prices than previously.
Indian textile companies played an important role in the development of the Indian economy as
well as contributed significantly to the country's growth. One thing to keep in mind is that export
markets were not as common back then since they are now.
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1.2 ORGANISATIONAL PROFILE
Leadership is built into the organization's DNA. Vardhman Textile is by far the market leader in
Cotton Yarn, Cotton Skintight Core Twist yarns, hand knitting wools, specialty yarns with various
blends, Cloth, Stretch Garment, Yarn powder coated and Printed fabric and Liquid ammonia
including over ultra-soft fabric.
It is one of India's several highly integrated fabric suppliers, manufacturing garments for both tops
and bottoms in the clothing sector for large retailers in the United States, Europe, Asia, and
elsewhere. Vardhman Textile is installed with 1.1 million spindles, a weaving capacity of over
180 million meters per year, and a processing capability from over 114 million meters per year
across a wide range of specialty fabrics.
Vardhman Textile is prepared to meet the world's growing demand for high-quality fabrics.
10
HISTORYOF VARDHMAN TEXTILES LIMITED AT BADDI:
Vardhman Textiles Limited (initially Mahavir Spinning Mills Limited) has been founded on October 8,
1973. The company is one of India's leading textile manufacturers, with a presence ranging from yarn
manufacturing to fabric manufacturing. The company manufactures cotton yarn, synthetic yarn, and woven
fabric.
To gain access to cutting-edge technologies, the company expanded its product offerings and
formed strategic alliances with leading global textile players.
Vardhman Textiles' largest business is yarn, which has over 11 Lakh spindles and a capacity of
588 MT of yarn each day. Vardhman Textiles is one of India's only few highly integrated fabric
manufacturers, producing fabrics for both tops and bottoms in the clothing sector for large
retailers in the United States, Europe, Asia, and other emerging markets.
The company must have initiated the development of numerous fabrics. The company's textiles
division has a handloom capacity of more than 180 million meters per year and a processing
capacity of more than 140 million meters per year across a wide range of specialty fabrics.
Careers
Vardhman Group is India's leading textile conglomerate, with $1.1 billion annual revenue. The
Group's business portfolio spans 22 production facilities in 5 states across India, and includes
Yarn, Brownish red and Prepared Fabric, Embroidery Floss, Acrylic Fiber, and Alloy Steel.
Vardhman believes in corporate citizenship and places a high value on ethics as well as good
corporate governance. It believes in following the law and fulfilling its obligations.
The Group is now one of the few corporations that consciously fulfils its social responsibilities as
well as invests in environmental protection. The backbone of Vardhman strategy is a customer-
11
oriented culture that is constantly supported by new technology and innovative product solutions,
in addition to the process of creating a positive learning environment which accepts change as a
way of life.
Mr. Oswal believes “Faith in the individual potential and respect for human values have always
kept them ahead” It needs to respond to problems, processes, and solutions while remaining
creative and innovative.
The group strongly believes in the values of leadership, team - work, openness, trust, and free
exchange of ideas.
12
ORGANISATIONAL STRUCTURE:
13
14
1.3) CONCEPTUAL FRAMEWORK:
Pay and salaries, as well as intangibles such as involvement, appreciation, and strong leadership,
all lead to increased employee satisfaction.
15
There are some factors affecting job satisfaction are as in above chart:
16
CHAPTER-2
RESEARCH METHODOLOGY
LITERATURE REVIEW
Employee surveys are tools that managers use to get feedback on employee satisfaction, morale,
and performance. Surveys are intended to provide a comprehensive picture of how employees feel
about things like workplace conditions, administrative impact, and motivation that regular
communication lines may not be able to supply. In this context, surveys are very well, well-
administered, valid, and result in changes and improvements are deemed effective.
In the 1920s, Employee surveys, also often known as job surveys, were first used in industrial
settings. Between 1944 and 1947, the National Industrial Advisory Board discovered a 250
percent increase in businesses undertaking an attitude poll (within a 3,500 company group). The
increased awareness of employee’s attitudes in measurement tools may be traced back to World
War II research and observation, which sought to gauge morale and replicate high-morale
conditions.
The U.s Army Research Branch, for example, conducted Soldier Surveys, which documented the
views of more that of half a million soldiers on topics ranging from contributes to better to
leadership confidence. Early survey approaches included printed questionnaires, directive
discussions, and unplanned interviews.
Employee surveys are used by 50 - 70 percent of businesses to measure and enhance
organizational health in terms of personnel. This could include highlighting topics such as
EMPLOYEE SATISFACTION, organizational climate, (ROHC), and responsibility.
Federal agencies in the United States are obligated by law to perform an annual survey. Employee
influence is a main purpose for conducting surveys, according to the Office of Personnel
Management, which notes, "This is your opportunity to influence change in Organization scan
conduct surveys themselves, hire a survey provider, or utile sea combination of the two. Over the
years and your agency." Your participation is completely voluntary, and your responses will be
kept private.
17
RESEARCH METHODOLOGY
INTRODUCTION AND MEANING:
A research technique is a systematic approach to solving a research problem. It is extremely
crucial to devise a solution to the problem at side. This involves not only letting us know how to
compute the mean, variation, and distribution feature for a data set, how to solve a physical
network described by a numerical method, how to evaluate the roots of basic functions, and how
to simply apply a specific method, as well as how to select the best technique for the problem
OBJECTIVES:
1. To understand employee’s working condition at Vardhman.
2. To study and analyze the various factors affecting the job satisfaction level.
3. To suggest suitable measures to improve the overall satisfaction of the employees in the
organization.
4. To provide suggestions to organization based on employees opinions.
RESEARCH DESIGN:
A research design is the structure for using empirical data to answer your research question. It is
the preparation of conditions for data collection and analysis also with goal of merging
significance to the research. Research design is the overall framework in which these research is
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conducted, and it continues to serve as a blueprint for collection of data, measurement, as well as
analysis.
SAMPLING TECHNIQUE:
This research is based on the “Non Probability Sampling Method”
SAMPLE SIZE:
Sample size=56
SAMPLE AREA:
Sample area = Vardhman Textiles limited , Baddi
19
CHAPTER-3
DATA ANALYSIS AND INTERPRETATION
INTERPRETATION:
The above pie chart represents that 7.1% are HR, 19.64% are Finance, 14.28% are Marketing,
46.4% Developers, 12.5% are from other department from whom the data has been collected.
20
Table No. 3.1(b)
INTERPRETATION:
21
Table No. 3.1(c)
INTERPRETATION:
From the above pie chart it is very clear that 59.3% of employees are male and 40.7% of
employees are female from whom the data has been collected.
22
Pie Chart No. 3.1(d)
INTERPRETATION:
The above Pie chart represents that there are 5.45%ofemployeeswhosetimeperiod is less than six
months with company, 16.4% of employees whose time period with company is 6months-1year,
36.4%ofemployees whose time period with company is 1-3years and 41.8% of employees whose
time period within the company 3 years and above.
23
Table No. 3.1(e)
INTERPRETATION:
From the above pie chart we can see that there are 9.1% of the employees who earn below Rs.100,
000, 18.2% of the employees who earns in between Rs.100,000-Rs.3lakh, 38.2% of the employees
who earns in between Rs.3lakh - Rs.5lakh and 34.5% of employee who earn more than Rs.5lakh.
24
2) How satisfied are you working in the company?
INTERPRETATION:
The above Pie chart represents the individual’s satisfaction level that whether he/she is very
satisfied, satisfied, neutral, dissatisfied and very dissatisfied and also represents the percentage of
their satisfaction level. Here, 23.6 % of employees are very satisfied, 43.6% of employees are
satisfied, 25.5% of employees are neutral, 5.45% of employees are dissatisfied and 1.81% of
employees dissatisfied working in this company.
25
3) How satisfied are you with the environment of the workplace?
INTERPRETATION:
The above pie chart represents the individual’s satisfaction level that whether he/she is very
satisfied, satisfied, neutral, dissatisfied and very dissatisfied and also represents the percentage of
their satisfaction level. Here, 18.5% of employees are very satisfied, 51.9% of employees are
satisfied, 24.1% of employees are neutral, 3.63% of employees are dissatisfied and3.63% of
employees are very dissatisfied working in this company.
26
4) How satisfied are you with your job allowing you to develop new skills?
INTERPRETATION:
The above Pie chart represents the individual’s satisfaction level that whether he/she is very
satisfied, satisfied, neutral, dissatisfied and very dissatisfied and also represents the percentage of
their satisfaction level. Here, 29.7% of employees are very satisfied, 24.3% of employees are
satisfied, 45.9% of employees are neutral, 2.7% of employee’s are dissatisfied and none are very
dissatisfied working in this company.
27
5) Do you like the company's culture?
INTERPRETATION:
This Pie chart represents that there are 94.3% of employees who like the company's culture, and
5.66% of the employees who don’t like the culture of company.
28
6) Do you feel connected toy our coworkers?
INTERPRETATION:
This Graph chart represents that there are 91.9% of employees who feel connected
withcoworkersand8.1%ofthe employees who don’t feel connected with coworkers.
29
7) How satisfied are you with individual career growth & development opportunity in
the company?
INTERPRETATION:
The above Pie chart represents the individual’s satisfaction level with career growth &
development opportunity that whether he/she is Very satisfied, satisfied, neutral, dissatisfied and
very dissatisfied and also represents the percentage of their satisfaction level. Here,
20%ofemployeesareverysatisfied, 47.3%ofemployeesaresatisfied, 20% of employees are neutral,
9.1% of employees are dissatisfied and 3.63% of employees are highly dissatisfied working in this
company.
30
8) Is your team an inspiration for you to do your best at the job?
INTERPRETATION:
This Pie chart represents that there are 87.3% of employees who feel that their team is an
inspiration to do best at the job and 12.7% of the employees who don’t feel that their team is an
inspiration to do best at the job.
31
9) Does your team provide you support at work when ever needed?
INTERPRETATION:
This Pie Chart represents that there are 87.3% of employees who agree with that their team
provide support at work whenever they needed and 12.7% of the employees who don’t agree with
that their team provide support at work whenever they needed.
32
10) Does your senior, managers encourage you to give your best effort?
INTERPRETATION:
This Graph represents that there are 92.7% of employees who agree with that their seniors,
managers encourage giving best effort and 7.3% of the employees who don’t agree with that their
seniors, managers encourage giving best effort.
33
11) Are you rewarded for your dedication and commitment towards the work?
INTERPRETATION:
This Pie Chart represents that there are 91.9% of employees who agree with that they rewarded for
their dedication and commitment towards the work, and 8.1% of the employees who don’t agree
with that they rewarded for their dedication and commitment towards the work.
34
12) How satisfied are you with your management understands healthy balance
between work life and personal life?
INTERPRETATION:
The Pie Chart represents the individual’s satisfaction level with management understands healthy
balance between work life and personal life that whether he/she is very satisfied, satisfied, neutral,
dissatisfied and very dissatisfied and also represents the percentage of their satisfaction level.
Here, 18.2% of employees are very satisfied, 45.5%ofemployeesaresatisfied,
25.5%ofemployeesareneutral, 9.1%ofemployeesare dissatisfiedand1.81% of employees are very
dissatisfied working in this company.
35
13) Are you satisfied with that your manager treats all the team members equally?
INTERPRETATION:
This Pie chart represents that there are 79.6% of employees who agree with that manager treats all
the team members equally and 20.4% of the employees who don’t agree with that manager treats
all the team members equally.
36
14) How satisfied are you with organizations fair policies for promotion for all
the employees?
INTERPRETATION:
The Pie Chart represents the individual’s satisfaction level with organizations fair policies for
promotion for all the employees that whether he/she is very satisfied, satisfied, neutral, dissatisfied
and very dissatisfied and also represents the percentage of their satisfaction level. Here, 20% of
employees are very satisfied, 41.8% of employees are satisfied, 23.6% of employees are neutral,
12.7% of employees are dissatisfied and 1.81 of employees are very dissatisfied working in this
company.
37
15) Are you often overloaded with your work?
INTERPRETATION:
This Graph represents that there are 77.8% of employees who agree with that they often
overloaded with your work, and 22.2% of the employees who don’t agree with that they often
overloaded with your work.
38
16) How satisfied are you with your salary?
INTERPRETATION:
This Pie Chart represents the individual’s satisfaction level with their salary, whether he/she is
very satisfied, satisfied, neutral, dissatisfied and very dissatisfied. The ‘Y’ axis represents the
percentage of their satisfaction level. Here, 16.4% of employees are very satisfied, 43.6%of
employees are satisfied, 21.8% of employees are neutral, 12.7 % of employees are dissatisfied and
5.45% are very dissatisfied working in this company.
39
17) How satisfied are you with that you receive enough opportunity to learn in this
company?
INTERPRETATION:
The above Pie Chart represents that there are 23.6% of employees who are highly satisfied with
their salary, 49.1% of employees are satisfied, 25.5% of employees are neutral, 1.81% of
employees are dissatisfied and none of the employees are very dissatisfied with their salary.
40
18) Do you feel proud to be associated with the company?
INTERPRETATION:
This Pie chart represents that there are 91.9% of employees who agree with that they feel proud to
be associated with the company and 8.1% of the employees who don’t agree with that they feel
proud to be associated with the company.
41
19) Does your department head all the qualities that are required to lead
the department?
INTERPRETATION:
This Pie Chart represents that there are 89.1% of employees who agree with that their department
head all the qualities that are required to lead the department and 10.9% of the employees who
don’t agree with that their department head all the qualities that are required to lead the
department.
42
20) Would you refer a friend to apply for a job in this company?
INTERPRETATION:
This Graph represents that there are 87.3% of employees who agree with that they refer a friend to
apply for a job in this company and 12.7% of the employees who don’t want to refer a friend to
apply for a job in this company.
43
CHAPTER-4
FINDINGS, RECOMMENDATIONS AND CONCLUSION
FINDINGS:
i. The majority of employees are happy with their jobs at the company.
ii. The majority of employees are extremely happy with their working environment.
iii. The majority of employees are happy that his\her job allows them to learn new skills.
v. The majority of employees are absolutely delighted that their firm offers assistance at
work whenever it is required.
vi. The majority of employees are happy that their superiors and managers encourage them
to give their all.
vii. Only a few employees disagree that employees are fairly treated.
ix. The majority of employees are proud to partner with the company.
x. The majority of employees would like to refer a buddy to apply for jobs in this company.
SUGGESTIONS:
i. Management need to provide more opportunities for employees to learn new skills.
ii. Management should provide help and support at the workplace as needed.
iii. Management should be required to keep their employees happy for their loyalty and
commitment to the job
iv. Management should provide help and support at the workplace as needed.
44
vi. Organizations should keep fair promotion policies for all employees.
vii. Management should aim to achieve a healthy balance of work and personal life.
viii. Proper guidance and counseling should be provided to Vardhman employees so that their
emotional satisfaction can be enhanced but they're never overburdened with work.
ix. The department head must possess all of the qualities required to lead its department.
CONCLUSION:
All statutory as well as non-statutory measures are provided to the employees in accordance with
the standard procedures, which improve employee satisfaction and productivity.
Employees are essential to the success and growth of any organization. The company may have
access to funding, materials, infrastructure, machines, as well as technology, but if the workforce
is unsatisfactory, the organization will perform badly. Employee well-being is essential inside any
organization.
The current study is a serious attempt to evaluate employee satisfaction at Vardhman Textiles
Limited. It is really necessary for any organization to understand and meet the needs of its
employees before they leave. If nothing is performed by the organization, talented people from
any organization may be lost to competitors. As an outcome, any organization should ensure
employee satisfaction.
According to the findings of the study, the majority of employees are happier at work. The
majority of employees are happy with the organization's salary structure, promotional programs,
working conditions, organizational culture, and environment.
If the firm focuses on the survey's results and suggestions, I believe the organization will be able
to perform the work with utmost satisfaction and achieve good results in the future.
45
REFERENCES
WEBSITES:
https://iide.co/case-studies/swot-analysis-of-vardhman-textiles/
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EMPLOYEES SATISFACTION SURVEY
QUESTIONNAIRE
PERSONAL DETAILS-
a) Please select your department:
Human resource Finance Marketing
Production Others
b) Age(YEAR):
18-29years 30-39years 40-55years 55yearsAndAbove
c) Gender:
Male Female
d) How many years have you been in the company?
Less than six months 6months-1year 1-3years 3years and above
How satisfied are you with that your job allows you to develop new skills?
Very Satisfied Satisfied Neutral Dissatisfied Very Dissatisfied
48
How satisfied are you with individual career growth & development opportunity in
the company?
Very Satisfied Satisfied Neutral Dissatisfied Very Dissatisfied
Does your senior, managers encourage you to give your best effort?
Yes No
Are you rewarded for your dedication and commitment towards the work?
Yes No
How satisfied are you with your management understands healthy balance between
work life and personal life?
Very Satisfied Satisfied Neutral Dissatisfied Very Dissatisfied
Are you satisfied with that your manager treats all the team members
equally? Yes No
How satisfied are you with organizations fair policies for promotion for all the
employees? Very Satisfied Satisfied Neutral Dissatisfied
Very Dissatisfied
49
How satisfied are you with your salary?
Very Satisfied Satisfied Neutral Dissatisfied Very Dissatisfied
How satisfied are you with that you receive enough opportunity to learn in this company?
Very Satisfied Satisfied Neutral Dissatisfied Very Dissatisfied
Does your department head all the qualities that are required to lead the department?
Yes No
50