Project Final Edited

download Project Final Edited

of 74

Transcript of Project Final Edited

  • 8/14/2019 Project Final Edited

    1/74

    A STUDY ON JOB SATISFACTION OF EMPLOYEES IN

    CHOLAMANDALAM MS GENERAL INSURANCE LIMITED

    CHENNAI

    MAJOR PROJECT REPORT

    Submitted by

    R.MUTHUKUMAR

    06BA078

    Under the guidance of

    Mr. BRIGHTON ANBULecturer

    KSM

    Submitted in partial fulfillment of the requirements for the award of the degree of

    MASTER OF BUSINESS ADMINISTRATION of Karunya university

    KARUNYA SCHOOL OF MANAGEMENT

    KARUNYA UNIVERSITYCOIMBATORE-641114

    KARUNYA SCHOOL OF MANAGEMENT

    KARUNYA UNIVERSITY

  • 8/14/2019 Project Final Edited

    2/74

    DECLARATION

    I hereby declare, the project work entitled A STUDY ON JOB SATISFACTION IN

    CHOLAMANDALAM MS GENERAL INSURANCE LIMITED, CHENNAI for

    partial fulfillment of the requirements for the award of the degree of MASTER OF

    BUSINESS ADMINISTRATION, as a record of original work done by me under the

    supervision and guidance of Mr. BRIGHTON ANBU, Karunya school of management,

    Karunya university, COIMBATORE. This project work has not formed the basis for the

    award of any Degree /Diploma/Associateship/Fellowship of similar titles to any

    candidate of any university.

    Place: Signature of the student

    Date:

  • 8/14/2019 Project Final Edited

    3/74

    ACKNOWLEDGMENT

    I am indebted to the all powerful ALMIGHTY GOD for all the blessings he

    showered on me and for being with me throughout the study.

    I would like to express my sincere thanks to Mr. Dr. REVEES WESLY, HOS

    Karunya School of management who provided me an opportunity to do this project.

    I am deeply obliged to Mr. RAYMOND LOBO (VICE PRESIDENT-HR) AND

    MS. MALINI (HR-MANAGER) for his exemplary guidance and support without

    whose help this project would not have been success.

    I would like to place on record my sincere gratitude and appreciation to my project guide

    Mr. BRIGHTON ANBU Karunya school of management, for his kind co-

    operation and guidance which enabled me to complete my project.

    I also take this opportunity to express my deed gratitude to my loving parents and

    friends who are a constant source of motivation and for their never ending support and

    encouragement during this project.

  • 8/14/2019 Project Final Edited

    4/74

    S.No Title of the Table Page

    No

  • 8/14/2019 Project Final Edited

    5/74

    1. Table showing gender of the respondents

    2. Table showing monthly income of the respondents

    3. Table showing Education qualification of the respondents

    4. Table showing marital status of the respondents

    5. Table showing Years of experience of the respondents

    6. Table showing Working hours are convenient for me of the employees

    7. Table showing Im happy with the work place of the respondents

    8. Table showing the lightings and other arrangements in the office are satisfactory

    of the respondents

    9. Table showing I have too much work to do of the respondents

    10. Table showing safety measures provided by the company of the respondents

    11. Table showing My relationship with my supervisors is cordial of the respondents

    12. Table showing my supervisor in not partial of the respondents

    13. Table showing my supervisor considers my idea too while taking decision of the

    respondents

    14. Table showing Im satisfied with the support from my co-workers of therespondents

    15. Table showing People here have concern over one another and tend to help one

    another of the respondents

    16. Table showing Im happy with the refreshment facilities of the respondents

    17. Table showing we are provided with the rest and lunch room facilities and they

    are good of the respondents

  • 8/14/2019 Project Final Edited

    6/74

    18. Table showing the parking space for our facilities of the respondents

    19. Table showing Im satisfied with the first aid facilities of the respondents.

    20 Table showing Im satisfied with the loan facilities and other personal welfarefacilities offered by the company of the respondents

    21 Table showing I feel Im paid a fair amount for the work I do of the respondents

    22. Tale showing Im satisfied with the chances for my promotion of the respondents.

    23. Table showing the salary we receive are good as other organizations offer of therespondents

    24. Table showing Im satisfied with the allowances provided by the organization of

    the respondents

    25. Table showing I feel my boss motivates me to achieve the organizational goals of

    the respondents

    26. Table showing my supervisor motivates me to increase my productivity when Im

    unproductive of the respondents.

    27. Table showing communication seems good within this organization of the

    respondents

    28. Table showing work assignments are explained clearly to me of the respondents

    29 Table showing I love this job and to work in this organization of the respondents.

    30 Table showing My work life is meaningful to me of the respondents

    31 Table showing my work life is valuable in attaining organizational goals of therespondents

    32 Table showing I have adequate opportunities to use my ability of the respondents

    33 Table showing overall Im satisfied with the job of the respondents

    34 Table showing the significance difference among experience group of

    respondents with reference to environment and nature of work factor

  • 8/14/2019 Project Final Edited

    7/74

    35. Table showing the significance difference among experience group of

    respondents with reference to Relationship with supervisors and colleagues factor

    36. Table showing the significance difference among experience group of

    respondents with reference to welfare facilities factor

    37. Table showing the significance difference among experience group ofrespondents with reference to Pay and promotion factor

    38. Table showing the significance difference among experience group of

    respondents with reference to Communication and motivation factor

    39. Table showing the significance difference among experience group of

    respondents with reference to job factor.

    40. Table showing the significance difference among Age group of respondents withreference to job factor.

    41. Table showing the significance difference among Gender of respondents with

    reference to job factor.

    S.No Title of the Chart Page

    No

  • 8/14/2019 Project Final Edited

    8/74

    1. Chart showing gender of the respondents

    2. Chart showing monthly income of the respondents

    3. Chart showing Education qualification of the respondents

    4. Chart showing marital status of the respondents

    5. Chart showing Years of experience of the respondents

    6. Chart showing Working hours are convenient for me of the employees

    7. Chart showing Im happy with the work place of the respondents

    8. Chart showing the lightings and other arrangements in the office are satisfactory

    of the respondents

    9. Chart showing I have too much work to do of the respondents

    10. Chart showing safety measures provided by the company of the respondents

    11. Chart showing My relationship with my supervisors is cordial of the respondents

    12. Chart showing my supervisor in not partial of the respondents

    13. Chart showing my supervisor considers my idea too while taking decision of the

    respondents

    14. Chart showing Im satisfied with the support from my co-workers of therespondents

    15. Chart showing People here have concern over one another and tend to help one

    another of the respondents

    16. Chart showing Im happy with the refreshment facilities of the respondents

    17. Chart showing we are provided with the rest and lunch room facilities and they

    are good of the respondents

  • 8/14/2019 Project Final Edited

    9/74

    18. Chart showing the parking space for our facilities of the respondents

    19. Chart showing Im satisfied with the first aid facilities of the respondents.

    20 Chart showing Im satisfied with the loan facilities and other personal welfarefacilities offered by the company of the respondents

    21 Chart showing I feel Im paid a fair amount for the work I do of the respondents

    22. Tale showing Im satisfied with the chances for my promotion of the respondents.

    23. Chart showing the salary we receive are good as other organizations offer of therespondents

    24. Chart showing Im satisfied with the allowances provided by the organization of

    the respondents

    25. Chart showing I feel my boss motivates me to achieve the organizational goals of

    the respondents

    26. Chart showing my supervisor motivates me to increase my productivity when Im

    unproductive of the respondents.

    27. Chart showing communication seems good within this organization of the

    respondents

    28. Chart showing work assignments are explained clearly to me of the respondents

    29 Chart showing I love this job and to work in this organization of the respondents.

    30 Chart showing My work life is meaningful to me of the respondents

    31 Chart showing my work life is valuable in attaining organizational goals of therespondents

    32 Chart showing I have adequate opportunities to use my ability of the respondents

    33 Chart showing overall Im satisfied with the job of the respondents

    Chapter -I

    INTRODUCTION

  • 8/14/2019 Project Final Edited

    10/74

    1.1 Job Satisfaction:

    Job Satisfaction is the favorableness or un-favorableness with

    which the employee views his work. It expresses the amount of

    agreement between ones expectation of the job and the rewards that the

    job provides. Job Satisfaction is a part of life satisfaction. The nature of

    ones environment of job is an important part of life as Job Satisfaction

    influences ones general life satisfaction.

    Job Satisfaction, thus, is the result of various attitudes possessed by an

    employee. In a narrow sense, these attitudes are related to the job under

    condition with such specific factors such as wages. Supervisors of

    employment, conditions of work, social relation on the job, prompt

    settlement of grievances and fair treatment by employer.

    However, more comprehensive approach requires that many factors are

    to be included before a complete understanding of job satisfaction can be

    obtained. Such factors as employees age, health temperature, desire and

    level of aspiration should be considered. Further his family relationship,

    Social status, recreational outlets, activity in the organizations etc.

    Contribute ultimately to job satisfaction.

    1.2 FACTORS INFLUENCING JOB SATISFACTION

  • 8/14/2019 Project Final Edited

    11/74

    The major factors influencing job satisfaction are presented below:

    SUPERVISION

    To a worker, Supervision is equally a strong contributor to the job

    satisfaction as well as to the job dissatisfaction. The feelings of workers

    towards his supervisors are usually similar to his feeling towards the

    company. The role of supervisor is a focal point for attitude formation.

    Bad supervision results in absenteeism and labor turnover. Good

    supervision results in higher production and good industrial relations.

    CO-WORKERS

    Various studies had traced this factor as a factor of intermediate

    importance. Ones associates with others had frequently been motivated

    as a factor in job satisfaction. Certainly, this seems reasonable because

    people like to be near their friends. The workers derive satisfaction when

    the co-workers are helpful, friendly and co-operative.

    PAY

    Studies also show that most of the workers felt satisfied when they are

    paid more adequately to the work performed by them. The relative

    important of pay would probably changing factor in job satisfaction or

    dissatisfaction.

    AGEAge has also been found to have a direct relationship to level job of

    satisfaction of employees. In some groups job satisfaction is higher with

    increasing age, in other groups job satisfaction is lower and in other

    there is no difference at all.

  • 8/14/2019 Project Final Edited

    12/74

    MARITAL STATUS

    Marital status has an important role in deciding the job satisfaction.

    Most of the studies have revealed that the married person finds

    dissatisfaction in his job than his unmarried counterpart. The reasons

    stated to be are that wages were insufficient due to increased cost of

    living, educations to children etc.

    EDUCATION

    Studies conducted among various workers revealed that most of workers

    who had not completed their school education showed higher satisfaction

    level. However, educated workers felt less satisfied in their job.

    WORKING CONDITION

    The result of various studies shows that working condition is an

    important factor. Good working atmosphere and pleasant surroundings

    help increasing the production of industry. Working conditions are more

    important to women workers than men workers.

    1.3 REVIEW OF LITERATURE:

    JOB SATISFACTION OF BANK OFFICERS IN BANGLADESH

  • 8/14/2019 Project Final Edited

    13/74

    by NAZRUL ISLAM & GOUR CHANDRA SAHA

    This study attempts to evaluate job satisfaction of bank officers in

    Bangladesh. It focuses on the relative importance of job satisfaction

    factors and their impacts on the overall job satisfaction of officers. It also

    investigates the impacts of bank type, work experience, age, and sex

    differences on the attitudes toward job Satisfaction.

    The result shows that salary, efficiency in work, fringe

    supervision, and co-worker relation are the most important factors

    contributing to job satisfaction. Private bank officers have higher levels

    of job satisfaction than those from public sectors as they enjoy better

    facilities and supportive work environment. Sex and age differences have

    relatively lower level of impact on it. The overall job satisfaction of the

    bank officers is at the positive level.

    Factors affecting Job satisfaction among academic professionals in

    tertiary institutions in Zimbabwe

    By P. Chimanikire, E. Mutandwa, C. T.

    Gadzirayi, N. Muzondo and B. Mutandwa

    The broad objective of this study was to determine factors affecting

    job satisfaction among academic professionals in tertiary institutions of

    Zimbabwe against the backdrop of high brain drain in the sector. A total

    of eighty respondents were selected randomly from departmental lists

    and interviewed using structured questionnaires.

    The results of the study showed that a greater proportion of the

    academic staff was not satisfied with their jobs. Reasons for

    dissatisfaction include high volume of work, inadequate salaries,allowances, loans to facilities purchase of housing stands and cars.

    1.4 Objective of the study:

  • 8/14/2019 Project Final Edited

    14/74

    1. To Study the job satisfaction of employees in Cholamandalam MSGeneral Insurance, Chennai.

    2. To Measure the satisfaction levels of employees on various factorsand give suggestions for improving the same.

    3. To find out whether experience have an effect on Job Factors.

    4. To find the significance difference among age groups with respectto job Factors.

    5. To find the significance difference among male and femaleemployees with respect to job Factors.

    1.5 Limitations of the study:

    1. Sample size of the study is only 100.

    2. Some of the respondents were not responding to some of thequestions.

    3. Due to time constraint the researcher was not able to complete theproject to desired level.

  • 8/14/2019 Project Final Edited

    15/74

    INDUSTRY PROFILE

    2.1 Industry

  • 8/14/2019 Project Final Edited

    16/74

    INSURANCE:

    We face a lot of risks in our daily lives. Some of these lead to financial

    losses. Insurance is a way of protecting against these financial losses.

    For a payment (premium), an insurance company will take the

    responsibility of compensating your financial losses.

    Insurance can be termed as a form of risk management which is mainly

    used to protect an individual against the risk of prospective financial

    loss, if any. Insurance can be used as a tool to shield an individual

    against potential risks like travel accidents, death, unemployment, theft,

    property destruction by natural calamities, fire mishaps etc.

    Life insurance:

    Loss of a family member is a catastrophe which glooms a familys life.

    But even more tragic is the death of a sole bread earner for the family,

    who then has to go through the pain of losing their loved one, as well as

    the financial loss putting their survival in jeopardy.

    This financial hardship due to a sudden death of a family member or a

    disability resulting to a loss of job or inability to

    Work can be avoided to a great extent by taking up a life insurance

    policy.

    A Life insurance or disability insurance covers such losses and pays a

    family, compensation to restore the earnings lost by them due to a

    Sudden death or disability.

    The monthly premiums for a life insurance are generally based upon the

  • 8/14/2019 Project Final Edited

    17/74

    age, health, and occupation information of the applicant, in addition to

    the total benefits to be paid to him for his policy.

    General Insurance:

    Insurance other than Life Insurance falls under the category of General

    Insurance. General Insurance comprises of insurance of property against

    fire, burglary etc, personal insurance such as Accident and Health

    Insurance, and liability insurance which covers legal liabilities. There are

    also other covers such as Errors and Omissions insurance for

    professionals, credit insurance etc.

    Non-life insurance companies have products that cover property against

    Fire and allied perils, flood storm and inundation, earthquake and so on.

    There are products that cover property against burglary, theft etc. The

    non-life companies also offer policies covering machinery against

    breakdown, there are policies that cover the hull of ships and so on. A

    Marine Cargo policy covers goods in transit including by sea, air and

    road. Further, insurance of motor vehicles against damages and theft

    forms a major chunk of non-life insurance business.

    In respect of insurance of property, it is important that the cover is taken

    for the actual value of the property to avoid being imposed a penalty

    should there be a claim. Where a property is undervalued for the

    purposes of insurance, the insured will have to bear a ratable proportionof the loss. For instance if the value of a property is Rs.100 and it is

    insured for Rs.50/-, in the event of a loss to the extent of say Rs.50/-,

    the maximum claim amount payable would be Rs.25/- (50% of the loss

  • 8/14/2019 Project Final Edited

    18/74

    being borne by the insured for underinsuring the property by 50%). This

    concept is quite often not understood by most insured.

    Personal insurance covers include policies for Accident, Health etc.

    Products offering Personal Accident cover are benefit policies. Health

    insurance covers offered by non-life insurers are mainly hospitalization

    covers either on reimbursement or cashless basis. The cashless service is

    offered through Third Party Administrators who have arrangements with

    various service providers, i.e., hospitals. The Third Party Administrators

    also provide service for reimbursement claims. Sometimes the insurers

    themselves process reimbursement claims.

    Accident and health insurance policies are available for individuals as

    well as groups. A group could be a group of employees of an organization

    or holders of credit cards or deposit holders in a bank etc. Normally

    when a group is covered, insurers offer group discounts.

    Liability insurance covers such as Motor Third Party Liability Insurance,

    Workmens Compensation Policy etc offer cover against legal liabilities

    that may arise under the respective statutes Motor Vehicles Act, The

    Workmens Compensation Act etc. Some of the covers such as the

    foregoing (Motor Third Party and Workmens Compensation policy) are

    compulsory by statute. Liability Insurance not compulsory by statute is

    also gaining popularity these days. Many industries insure against Public

    liability. There are liability covers available for Products as well.

  • 8/14/2019 Project Final Edited

    19/74

    COMPANY PROFILE

  • 8/14/2019 Project Final Edited

    20/74

    2.2 The Murugappa Group:

    The Murugappa Group, a century old group with a turnover of Rs.7300

    crores, is a 1.85 billion USD conglomerate with business interests. It has

    29 companies under its umbrella of which eight are listed and actively

    traded as the National Stock Exchange and the Bombay Stock Exchange.

    The Murugappa Group is the recipient of the Distinguished Family

    Business Award 2001 from the International Institute of ManagementDevelopment (IIMD) in Switzerland. It is the only business group in Asia to

    have received this prestigious award.

    The Murugappa Group, a century old group with a turnover of Rs.7300

    crores.

    Diversified businesses abrasives, engineering, farm inputs,

    plantations, sugar, bio-products, chemicals, nutraceuticals and

    financial services.

    Industry leader in many fields first Indian corporate house that

    evolved from being a family-owned business to a professionally run

    organization, committed to corporate governance.

    Key Strengths highly people-oriented people, with a workforce of nearly

    28,000 satisfied employees.

    Deeply committed to various social concerns be it healthcare,

    education or field research to help rural India.

    http://www.murugappa.com/index_home.htmhttp://www.murugappa.com/index_home.htm
  • 8/14/2019 Project Final Edited

    21/74

    Group Companies

    The Major group Companies are:

    Tube Investments of India Ltd. Core business areas are in the

    manufacturing of bicycles, steel strips tubing and auto components.

    Leading Brands BSA and Hercules.

    EID Parry India Ltd. The Company has interest in Sugar and bio-

    chemicals. Erstwhile Sanitary ware division was recently spun off as Joint

    Venture with ROCA, Spain.

    Carborundum Universal Ltd. A pioneer and industry leader in

    abrasives, electro chemicals, refractories and industrial ceramics. Leading

    brands Ball master, Ajax and Jawan.

    Coromandel Fertilizers Bringing world-class technology to the

    Indian farmer enabling him to produce more from small land holdings.

    Assisting India achieve self-sufficiency in food.

    Godavari Fertilisers Godavari Fertilizers, a Company acquired from

    the Government of Andhra Pradesh manufacturers phosphatic fertilizers in

    Kakinada.

    Chola DBS Finance Company LTd. Strong presence in the

    financial service sector, with a solid reputation in automobile financing.

    http://www.tiindia.com/http://www.eidparry.com/http://www.cumi.co.in/http://www.cflindia.com/http://www.gfcl.co.in/http://www.cholainsurance.com/http://www.tiindia.com/http://www.eidparry.com/http://www.cumi.co.in/http://www.cflindia.com/http://www.gfcl.co.in/http://www.cholainsurance.com/
  • 8/14/2019 Project Final Edited

    22/74

    Parry Agro Industries Ltd. Part of the Groups plantation business,

    has many firsts to its credit. It is the first tea factory in the world to be

    computerized and the first CTC factory to obtain the ISO 9000 certification.

    Parry Nutraceuticals Ltd. A major player in the field of healthcare.

    Leading Brands - Beta Carotene and Spirulina, both highly successful

    nutritional supplements.

    Mitsui Sumitomo Insurance Group

    Mitsui Sumitomo Insurance Group is one of the largest insurance groups in

    the world. Today the group operates in non-life insurance, life insurance,

    financial services and risk management services.

    With non-life insurance as its core business, the Mitsui Sumitomo

    Insurance Groups operations span 38 countries across the globe. With A

    GWP of 13.74 billion USD in 2005, MS is the second largest insurance

    group in Japan, in terms of net premium and is rated AA Standard &

    Poor and Aa3 by Moodys

    Mitsui Sumitomo Insurance has 733 sales bases, 257 claims handling

    offices and approximately 75,000 agents throughout Japan to form a sales

    network of the highest class in the industry. The company also offers global

    services with 61 sales bases in 38 countries and regions overseas.

    http://www.parrybehealthy.com/http://www.parrybehealthy.com/http://www.ms-ins.com/english/index.htmlhttp://www.parrybehealthy.com/http://www.parrybehealthy.com/http://www.ms-ins.com/english/index.html
  • 8/14/2019 Project Final Edited

    23/74

    Cholamandalam Financial Services Group

    Chola DBS Finance Company LTd. is a financial service conglomerate that

    has achieved a high compound annual growth rate. Cholamandalam today

    has a strong presence in the financial service sector, with a solid reputation

    in automobile financing. With a strong focus on growth, Cholamandalam

    has widened its services by diversifying into mutual funds, insurance sector

    and recently into personal finance.

    The Business Units

    The business units within Cholamandalam are:

    Cholamandalam MS General Insurance Company Ltd. (General

    Insurance )

    Chola DBS Finance Company Ltd (CDFL)

    (Asset Finance: Leasing, Hire purchase, Corporate Finance, Capital

    market Finance)

    DBS Cholamandalam Asset Management Co. Ltd. (CAMC)

    (Mutual Funds)

    DBS Cholamandalam Distribution Services Ltd. (CDS)

    (Retail Distribution of Financial Products)

    DBS Cholamandalam Securities Ltd. (CSec)(Stock Broking)

    Cholamandalam MS Risk Management Services Ltd. (CMSRS)(Risk

    Inspection and Management Consulting)

    http://www.cholamandalam.com/http://www.cholamandalam.com/
  • 8/14/2019 Project Final Edited

    24/74

    Cholamandalam MS General Insurance Company Ltd:

    Cholamandalam MS General Insurance Company Ltd. is a Joint Venture

    between the $2.0 billion Murugappa Group, one of Indias largest family-

    promoted, professionally managed business groups enjoying leadership

    position in many of its several diversified businesses and Mitsui

    Sumitomo Insurance Group of Japan, one of the top ten General

    Insurance companies globally and Japans second largest Insurance

    Group.

    Cholamandalam MS offers a rich range of comprehensive product

    solutions panning almost all non-life Insurance offerings ranging from

    Motor Insurance, Health, Home, Travel, to Accident, Property, Marine

    and Engineering. The Organizations commitment to consumer

    orientation is seen right from Underwriting and product development, its

    product differentiation, high operational efficiency for policy issuances, to

    excellent customer redressal mechanisms for fair and quick Claims

    settlement. With its competencies and consumer focus, Cholamandalam

    MS is poised to become one of the large players in the Industry.

    The company was incorporated as Cholamandalam General Insurance

    Company Limited on November 2, 2001 under the companies Act, 1956

    and received its Certificate of Registration from the Insurance Regulatory

    and Development Authority on July 15, 2002 to transact general insurance

    business.

    During the year 2003-2004 the company inducted Mitsui Sumitomo

    Insurance Company Limited, Japan as a strategic alliance partner with a

    26% stake and the companys name was consequently changed to

  • 8/14/2019 Project Final Edited

    25/74

    Cholamandalam MS General Insurance Company Limited effective May 8,

    2003.

    Board of Directors

    M A Alagappan Chairman

    M Anandan Managing Director

    (w.e.f. April 1, 2006)

    V Natarajan Director

    R Srinivasan Director

    Suresh N Talwar Director

    Makoto Toyoshima Director

    Isamu Endo Director

    (w.e.f. April 25, 2006)

    Susumu Uchida Director

    (till April 25, 2006)

    Junichi Kitamura Wholetime Director

    Senior Management Team

    M Anandan Managing Director

    Junichi Kitamura Wholetime Director

    S S Gopalarathnam Executive Vice President

    V Suryanarayanan Vice President -Finance

    Shivkumar Shankar Business Head-Retail

    M Subramanian Business Head-Commercial

    S N Roy Head-Information Technology

    Kaira Gangaiah Head-Human Resources

    Suresh Krishnan Company Secretary

  • 8/14/2019 Project Final Edited

    26/74

    Auditors

    M/s. Price Waterhouse, Chennai

    M/s. S.B. Billimoria & Co., Chennai

    Bankers

    Standard Chartered Bank, Chennai

    Hongkong & Shanghai Banking Corporation, Chennai

    HDFC Bank Ltd., Chennai

    ICICI Bank Ltd., Chennai

    Bank of Tokyo- Mitsubishi Ltd., Chennai

    American Express Bank Ltd., Chennai

  • 8/14/2019 Project Final Edited

    27/74

    CHAPTER III

    RESEARCH METHODOLOGY:

    The methodology followed for conducting the study includes the specification of research

    design, sample design, questionnaire design, data collection and statistical tools used for

    analyzing the collected data.

    3.1 Research design:

    The research design used for this study is of the descriptive type. Descriptive research

    studies are those studies which are concerned with describing the characteristics of a

    particular individual or a group.

    .

    3.2 Sample size:

    The sample size consisting of 100 respondents were selected for the study.

    3.3 Sampling design:

    Since it is difficult to contact the entire population, sampling technique was adopted. The

    employees were interviewed using convenience sampling techniques.

    \

  • 8/14/2019 Project Final Edited

    28/74

    3.4 Questionnaire design:

    Questionnaire was designed in consultation with the experts of Cholamandalam MS

    General Insurance Company in such a manner that it would facilitate the respondents to

    reveal maximum information.

    3.5 Data collection

    The primary data was collected by using questionnaires. The questionnaire has 28

    questions excluding marital status, age, factor prompted to join reliance. A five point

    scale was used such as strongly disagree, disagree, neutral, agree and strongly agree.

    3.6 Statistical tools used for analysis:

    The collected data were analyzed by using following techniques:

    Percentage analysis

    One-way ANOVA

  • 8/14/2019 Project Final Edited

    29/74

    DATA ANALYSIS AND INTERPRETATION

  • 8/14/2019 Project Final Edited

    30/74

    Chapter -IV

    Table no: 1

    Gender

    74 74.0 74.0 74.0

    26 26.0 26.0 100.0

    100 100.0 100.0

    male

    female

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart no: 1

    Gender

    Gender

    femalemale

    Frequency

    80

    60

    40

    20

    0

    Table no: 2

  • 8/14/2019 Project Final Edited

    31/74

    Monthly AIncome

    8 8.0 8.0 8.045 45.0 45.0 53.0

    31 31.0 31.0 84.0

    16 16.0 16.0 100.0

    100 100.0 100.0

    below rs.1000010000-20000

    20000-30000

    above 30000

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart no: 2

    Monthly AIncome

    Monthly AIncome

    above 3000020000-3000010000-20000below rs.10000

    Freq

    uency

    50

    40

    30

    20

    10

    0

    Table No: 3

    Education qualification

    46 46.0 46.0 46.0

    54 54.0 54.0 100.0

    100 100.0 100.0

    P.G

    U.G

    Total

    ValidFrequency Percent Valid Percent

    Cumulative

    Percent

  • 8/14/2019 Project Final Edited

    32/74

    Chart No: 3

    Education qualification

    Education qualification

    U.GP.G

    Frequency

    60

    50

    40

    30

    20

    10

    0

    Tale No: 4

    Marital Status

    55 55.0 55.0 55.0

    45 45.0 45.0 100.0

    100 100.0 100.0

    married

    Unmarried

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart no: 4

  • 8/14/2019 Project Final Edited

    33/74

    Marital Status

    Marital Status

    Unmarriedmarried

    Frequency

    60

    50

    40

    30

    20

    10

    0

    Table No: 5

    Years of Experience

    8 8.0 8.0 8.0

    26 26.0 26.0 34.0

    20 20.0 20.0 54.0

    26 26.0 26.0 80.020 20.0 20.0 100.0

    100 100.0 100.0

    Less than 1yr

    1-2 yrs

    2-3yrs

    3-4yrsAbove 4yrs

    Total

    ValidFrequency Percent Valid Percent

    Cumulative

    Percent

    Chart Mo: 5

  • 8/14/2019 Project Final Edited

    34/74

    Years of Experience

    Years of Experience

    Above 4yrs3-4yrs2-3yrs1-2 yrsLess than 1yr

    Frequency

    30

    20

    10

    0

    Table No: 6

    Working hours are convenient for me

    34 34.0 34.0 34.0

    32 32.0 32.0 66.0

    18 18.0 18.0 84.0

    13 13.0 13.0 97.0

    3 3.0 3.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

  • 8/14/2019 Project Final Edited

    35/74

    Chart No: 6

    Working hours are convenient for me

    Working hours are convenient for me

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    40

    30

    20

    10

    0

    Interpretation:

    From the above chart and table it is clearly evident that 34% of the

    respondents strongly agree that working hours are convenient from them

    and 32% agree with that and 18% neither agree nor disagree and 13%

    disagree with the working hours and 3% are strongly against working

    hours.

    Table No: 7

  • 8/14/2019 Project Final Edited

    36/74

    I'm happy iwth my work place

    30 30.0 30.0 30.0

    39 39.0 39.0 69.0

    18 18.0 18.0 87.0

    8 8.0 8.0 95.0

    5 5.0 5.0 100.0

    100 100.0 100.0

    strongly agree

    agreeneither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 7

    I'm happy iwth my work place

    I'm happy iwth my work place

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    50

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is clear that 30% respondents strongly agree and

    39% respondents agree that they are happy with their work place only

    13% disagreed and 18% have no idea towards their work place.

    Table No: 8

  • 8/14/2019 Project Final Edited

    37/74

    The lightings and other arrangements with office are satisfactory

    33 33.0 33.0 33.0

    37 37.0 37.0 70.0

    18 18.0 18.0 88.0

    5 5.0 5.0 93.0

    7 7.0 7.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    ValidFrequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 8

    The lightings and other arrangements with offi

    The lightings and other arrangements with office are satisfactory

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    40

    30

    20

    10

    0

    Interpretation:

    From the above table its is evident that 33% respondents strongly

    agree with the lightings and arrangements in the office, 37% agree with

    that and 12% disagree with the lightings and arrangements and 18%

    have no idea towards lightings and arrangements.

  • 8/14/2019 Project Final Edited

    38/74

    Table No: 9

    I feel i have too much work to do

    7 7.0 7.0 7.0

    9 9.0 9.0 16.0

    25 25.0 25.0 41.0

    37 37.0 37.0 78.0

    22 22.0 22.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 9

    I feel i have too much work to do

    I feel i have too much work to do

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is quite clear that the work load is not

    high, 37% of the respondents disagreed with the question I feel I have

    too much work and another 22% strongly disagreed, 18% admits they

    have too much work and 23% have no idea towards this question.

  • 8/14/2019 Project Final Edited

    39/74

    Table No: 10

    Chart No: 10

    safety measures provided by the company

    safety measures provided by the company

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequenc

    y

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is evident that the safety measures

    provided by the organizations are good as 28 and 31% of the respondents

    agree with that and only 11& 6% disagreed and 24% neither agreed nor

    disagreed.

    safety measures provided by the company

    28 28.0 28.0 28.0

    31 31.0 31.0 59.0

    24 24.0 24.0 83.0

    11 11.0 11.0 94.0

    6 6.0 6.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

  • 8/14/2019 Project Final Edited

    40/74

    TableNo: 11

    My relationship with my supervisor is cordial

    30 30.0 30.0 30.0

    41 41.0 41.0 71.0

    16 16.0 16.0 87.0

    6 6.0 6.0 93.0

    7 7.0 7.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 11

    My relationship with my supervisor is cordial

    My relationship with my supervisor is cordial

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    50

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is clear that relationship between

    employees and their supervisors are cordial because 30% of respondents

    strongly agreed to it and 41% agreed to it and only 13% disagreed and

    16% of respondents have neither agreed nor disagreed.

  • 8/14/2019 Project Final Edited

    41/74

    Tale No: 12

    My supervisor is not partial

    18 18.0 18.0 18.0

    30 30.0 30.0 48.0

    15 15.0 15.0 63.0

    19 19.0 19.0 82.0

    18 18.0 18.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    ValidFrequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 12

    My supervisor is not partial

    My supervisor is not partial

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is evident that the supervisors are notpartial to the employees as 18% strongly agreed and 30% agreed to the

    question but 19% disagreed and 18% strongly disagreed this level is

    quite high compared to other questions.

  • 8/14/2019 Project Final Edited

    42/74

    Table No: 13

    My supervisor considers my idea too while taking decision

    26 26.0 26.0 26.0

    43 43.0 43.0 69.0

    26 26.0 26.0 95.0

    2 2.0 2.0 97.0

    3 3.0 3.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    ValidFrequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 13

    My supervisor considers my idea too while ta

    My supervisor considers my idea too while taking decision

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequenc

    y

    50

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is clear that 26 and 42% of the

    respondents agree that supervisors consider their employees ideas also

    and only 5% disagreed and 26% neither agreed nor disagreed.

  • 8/14/2019 Project Final Edited

    43/74

    Table No: 14

    I'm satisfied with the support from my co-workers

    21 21.0 21.0 21.0

    47 47.0 47.0 68.0

    16 16.0 16.0 84.0

    9 9.0 9.0 93.0

    7 7.0 7.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 14

    I'm satisfied with the support from my co-work

    I'm satisfied with the support from my co-workers

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Freque

    ncy

    50

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is clear that relation with co-workers is

    quite good as nearly 68% of the respondents agree that they are satisfied

    with support from co-workers and only 15% disagreed and 16% have no

    answer to this

  • 8/14/2019 Project Final Edited

    44/74

    Table No: 15

    People here have concern from one another and tend to help one another

    26 26.0 26.0 26.0

    41 41.0 41.0 67.0

    19 19.0 19.0 86.0

    9 9.0 9.0 95.0

    5 5.0 5.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 15

    People here have concern from one another a

    People here have concern from one another and tend to help one

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    50

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is clear that in this organization people

    have concern over each other as 26% strongly agreed and 41% agreed

    and only 14% disagreed and 19% neither agreed nor disagreed.

  • 8/14/2019 Project Final Edited

    45/74

    Table No: 16

    I'm satisfied with the refreshment facilities

    9 9.0 9.0 9.0

    20 20.0 20.0 29.0

    30 30.0 30.0 59.0

    26 26.0 26.0 85.0

    15 15.0 15.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent CumulativePercent

    Chart No: 16

    I'm satisfied with the refreshment facilities

    I'm satisfied with the refreshment facilities

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is clear that the employees are not satisfied

    with the refreshment facilities offered by the company as 26% of

    respondents disagreed and 15% strongly disagreed and 30% neither

    agreed nor disagreed and only 29% agreed.

  • 8/14/2019 Project Final Edited

    46/74

    Table No: 17

    We are prov ided with the rest and lunch room and they are good

    8 8.0 8.0 8.0

    16 16.0 16.0 24.0

    22 22.0 22.0 46.0

    34 34.0 34.0 80.0

    20 20.0 20.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 17

    We are provided with the rest and lunch room

    We are provided with the rest and lunch room and they are good

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is quite evident that 24% strongly

    disagreed and 30% of the respondents disagreed and 22% neither agreed

    nor disagreed and only 24% of the respondents are satisfied with the rest

    and lunch room provided.

  • 8/14/2019 Project Final Edited

    47/74

    Table No: 18

    The parking space for our vehicles are satisfactory

    4 4.0 4.0 4.0

    9 9.0 9.0 13.0

    24 24.0 24.0 37.0

    32 32.0 32.0 69.0

    31 31.0 31.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 18

    The parking space for our vehicles are satisfa

    The parking space for our vehicles are satisfactory

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is clear that respondents are not satisfied

    with the parking facilities provided by the company as 31% of

    respondents strongly disagreed and 32% of respondents disagreed and

    only 13% of respondents are satisfied with the parking facilities and 24%

    have neither agreed nor disagreed.

  • 8/14/2019 Project Final Edited

    48/74

    Table No: 19

    I'm satisfied with the first aid facilities

    5 5.0 5.0 5.012 12.0 12.0 17.0

    31 31.0 31.0 48.0

    31 31.0 31.0 79.0

    21 21.0 21.0 100.0

    100 100.0 100.0

    strongly agreeagree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 19

    I'm satisfied with the first aid facilities

    I'm satisfied with the first aid facilities

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is clear that employees are not satisfiedwith the first aid facilities as more than 52% ( 31% disagree and 21%

    strongly disagree) disagreed and only 17% agreed and 31% of

    respondents neither agreed nor disagreed.

  • 8/14/2019 Project Final Edited

    49/74

    Table No: 20

    satisfied with the loan facilities and other personal welfare faclities offered b

    the company

    7 7.0 7.0 7.0

    12 12.0 12.0 19.0

    30 30.0 30.0 49.0

    34 34.0 34.0 83.0

    17 17.0 17.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 20

    I'm satisfied with the loan facilities and other p

    I'm satisfied with the loan facilities and other personal welfare faclit

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequen

    cy

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is quite clear that respondents are notsatisfied with the loan facilities offered by the organization as 34% of

    respondents disagree and 17% of respondents strongly disagree 30% of

    respondents neither agree nor disagree and only 19% are satisfied with

    the loan facilities.

  • 8/14/2019 Project Final Edited

    50/74

    Table No: 21

    I fell I'm paid a fair amount for the work i do

    15 15.0 15.0 15.0

    39 39.0 39.0 54.0

    25 25.0 25.0 79.0

    13 13.0 13.0 92.0

    8 8.0 8.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    ValidFrequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 21

    I fell I'm paid a fair amount for the work i do

    I fell I'm paid a fair amount for the work i do

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    50

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is evident that the respondents are

    satisfied with their salary as 39% agree and 15% strongly agree. Only

    `3% disagree and 8% strongly disagree, 25% neither agree nor disagree.

    Table No: 22

  • 8/14/2019 Project Final Edited

    51/74

    I'm satisfied with the chances for my promotion

    27 27.0 27.0 27.0

    43 43.0 43.0 70.0

    13 13.0 13.0 83.0

    9 9.0 9.0 92.0

    8 8.0 8.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 22

    I'm satisfied with the chances for my promotio

    I'm satisfied with the chances for my promotion

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequen

    cy

    50

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is quite clear that employees are satisfied

    with their chances for promotion as 43% agree and 27% strongly agree.

    Only 9% disagree and 8% strongly disagree, 13% neither agree nor

    disagree.

  • 8/14/2019 Project Final Edited

    52/74

    Table No: 23

    e salary we re ceive are good as other organizations offer pay to their employe

    27 27.0 27.0 27.0

    37 37.0 37.0 64.0

    26 26.0 26.0 90.0

    6 6.0 6.0 96.0

    4 4.0 4.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    ValidFrequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 23

    The salary we receive are good as other orga

    The salary we receive are good as other organizations offer pay to

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is quite clear that the salary in this

    organization is at par to the industry as 37% agree and 27% strongly

    agree. Only 6% disagree and 4% strongly disagree, 26% neither agree nor

    disagree.

  • 8/14/2019 Project Final Edited

    53/74

    Table No: 24

    I'm satisfied with the allownaces prov ided by the organization

    19 19.0 19.0 19.0

    42 42.0 42.0 61.0

    21 21.0 21.0 82.0

    11 11.0 11.0 93.0

    7 7.0 7.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 24

    I'm satisfied with the allownaces provided by t

    I'm satisfied with the allownaces provided by the organization

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequ

    ency

    50

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is clear that the employees are satisfied

    with the allowances and other benefits provided by the organization as

    42% agree and 19% strongly agree. Only 11% disagree and 7% strongly

    disagree, 21% neither agree nor disagree.

  • 8/14/2019 Project Final Edited

    54/74

    Table No: 25

    I fee l my boss motivate me to achieve the organizational goals

    11 11.0 11.0 11.0

    33 33.0 33.0 44.0

    25 25.0 25.0 69.0

    22 22.0 22.0 91.0

    9 9.0 9.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    ValidFrequency Percent Valid Percent

    CumulativePercent

    Chart No: 25

    I feel my boss motivate me to achieve the org

    I feel my boss motivate me to achieve the organizational goals

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is evident that employees boss are

    motivating to achieve organizational goals as 33% agree and 11%

    strongly agree. 22% disagree this is quite high compared to other factors

    and 9% strongly disagree and 25% neither agree nor disagree.

  • 8/14/2019 Project Final Edited

    55/74

    Table No: 26

    My supervisor motivates me to increase my efficiency at times when i'm not

    productive

    18 18.0 18.0 18.0

    44 44.0 44.0 62.0

    18 18.0 18.0 80.0

    13 13.0 13.0 93.0

    7 7.0 7.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 26

    My supervisor motivates me to increase my e

    My supervisor motivates me to increase my efficiency at times wh

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Freque

    ncy

    50

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is evident that employees boss motivates

    the employee when he is unproductive and help him to be productive as

    44% agree and 18% strongly agree. Only 7% strongly disagree and 7%

    disagree, 18% neither agree nor disagree.

  • 8/14/2019 Project Final Edited

    56/74

    Table Nio: 27

    Communication see ms good within this organization

    26 26.0 26.0 26.0

    39 39.0 39.0 65.0

    17 17.0 17.0 82.0

    10 10.0 10.0 92.0

    8 8.0 8.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 27

    Communication seems good within this organi

    Communication seems good within this organization

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    50

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is clear that communication seems good in thisorganization as 39% agree and 26% strongly agree. Only 10% disagree

    and 8% strongly disagree. 17% neither agree nor disagree.

  • 8/14/2019 Project Final Edited

    57/74

    Table No: 28

    Chart No: 28

    Work assignments are explained clearly to me

    Work assignments are explained clearly to me

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    50

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is evident that respondents are quite happy

    with the way work assignments are explained as 41% agree and 17%

    strongly agree. Only 10% strongly disagree and 17% agree, 15% neither

    agree nor disagree.

    Work assignments are explained clearly to me

    17 17.0 17.0 17.041 41.0 41.0 58.0

    15 15.0 15.0 73.0

    17 17.0 17.0 90.0

    10 10.0 10.0 100.0

    100 100.0 100.0

    strongly agreeagree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

  • 8/14/2019 Project Final Edited

    58/74

    Table No: 29

    I love my job and to work in this organization

    19 19.0 19.0 19.0

    38 38.0 38.0 57.0

    20 20.0 20.0 77.0

    14 14.0 14.0 91.0

    9 9.0 9.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 29

    I love my job and to work in this organization

    I love my job and to work in this organization

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is clear that employees love their job as

    38% agree for this question and 19% strongly agree. Only 9% strongly

    disagree and 14% disagree, 20% neither agree nor disagree.

  • 8/14/2019 Project Final Edited

    59/74

    Table No: 30

    My work life is meaningful

    25 25.0 25.0 25.040 40.0 40.0 65.0

    16 16.0 16.0 81.0

    7 7.0 7.0 88.0

    12 12.0 12.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 30

    My work life is meaningful

    My work life is meaningful

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    50

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is clear that respondents feel that their job

    is meaningful for them as 40% agree and 25% strongly agree. Only 7%

    disagree and 12% strongly disagree, 16% neither agree nor disagree.

    Table No: 31

  • 8/14/2019 Project Final Edited

    60/74

    I consider that my work is valuable in attaining my organizational goals

    25 25.0 25.0 25.0

    47 47.0 47.0 72.0

    12 12.0 12.0 84.0

    7 7.0 7.0 91.0

    9 9.0 9.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 31

    I consider that my work is valuable in attaining

    I consider that my work is valuable in attaining my organizational g

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    50

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is quite clear that most respondents feel

    that their job is contributing for organizational goals as 47% agree and

    25% strongly disagree. Only 9% strongly disagree and 7% disagree, 12%

    neither agree nor disagree.

  • 8/14/2019 Project Final Edited

    61/74

    Table No: 32

    I have adequate opportunity to use my ability

    12 12.0 12.0 12.0

    30 30.0 30.0 42.0

    24 24.0 24.0 66.0

    21 21.0 21.0 87.0

    13 13.0 13.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 32

    I have adequate opportunity to use my ability

    I have adequate opportunity to use my ability

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequenc

    y

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is quite clear that respondents have

    adequate opportunity to use their ability as 30% agree and 12% disagree.

    Only 13% strongly disagree and 21% disagree and 24% neither agree nor

    disagree.

  • 8/14/2019 Project Final Edited

    62/74

    Table No: 33

    Overall I'm satisfied with my job

    21 21.0 21.0 21.0

    33 33.0 33.0 54.0

    25 25.0 25.0 79.0

    15 15.0 15.0 94.0

    6 6.0 6.0 100.0

    100 100.0 100.0

    strongly agree

    agree

    neither agree nor

    disagree

    disagree

    strongly disagree

    Total

    Valid

    Frequency Percent Valid Percent

    Cumulative

    Percent

    Chart No: 33

    Overall I'm satisfied with my job

    Overall I'm satisfied with my job

    strongly disagree

    disagree

    neither agree nor di

    agree

    strongly agree

    Frequency

    40

    30

    20

    10

    0

    Interpretation:

    From the above table it is evident that Overall satisfactions of the

    respondents are good as 33% agree and 21% strongly agree. Only 6%

    strongly disagree and 15% disagree and 25% neither agree nor disagree.

  • 8/14/2019 Project Final Edited

    63/74

    ONE WAY ANOVA

    H0: There is no significant difference among respondents of various

    experience groups with regard to Environment and nature of work factor.

    H1:

    There is significant difference among respondents of various

    experience groups with regard to Environment and nature of work factor

    Table No: 34

    Interpretation:

    Since the significant difference is greater than 0.05 accept null

    hypothesis and reject alternate hypothesis which says, there is no

    significant difference among respondents of various experience with

    respect to environment and nature of work.

    H0:

    There is no significant difference among respondents of various

    experience groups with regard to the factor Relationship with supervisors

    and colleagues.

    H1:

    ANOVA

    Environment and Nature of work

    .5914

    .148 .465 .761

    30.168 95 .318

    30.758 99

    Between Groups

    Within Groups

    Total

    Sum of

    Squares df Mean SquareF

    Sig.

  • 8/14/2019 Project Final Edited

    64/74

    There is significant difference among respondents of various

    experience groups with regard to the factor Relationship with supervisors

    and colleagues.

    Table No: 35

    Interpretation:

    Since the significant difference is greater than 0.05 accept null

    hypothesis and reject alternate hypothesis which says, there is no

    significant difference among respondents of various experience with

    respect to Relationship with supervisors and colleagues.

    H0:

    There is no significant difference among respondents of various

    experience groups with regard to the factor Welfare facilities

    H1:

    There is significant difference among respondents of variousexperience groups with regard to the factor Welfare facilities

    Table No: 36

    Relationship with supervisors and colleagues

    1.1994

    .300 1.273 .286

    22.376 95 .236

    23.576 99

    Between Groups

    Within Groups

    Total

    Sum ofSquares df Mean Square

    FSig.

    ANOVA

  • 8/14/2019 Project Final Edited

    65/74

    Interpretation:

    Since the significant difference is greater than 0.05 accept null

    hypothesis and reject alternate hypothesis which says, there is no

    significant difference among respondents of various experience with

    respect to welfare facilities.

    H0:

    There is no significant difference among respondents of various

    experience groups with regard to the factor Pay and Promotion

    H1:

    There is significant difference among respondents of various

    experience groups with regard to the factor Pay and Promotion

    Table No: 37

    ANOVA

    Welfare facilities

    1.7414

    .435 1.441 .227

    28.699 95 .302

    30.440 99

    Between Groups

    Within Groups

    Total

    Sum of

    Squares df Mean Square

    F

    Sig.

  • 8/14/2019 Project Final Edited

    66/74

    Interpretation:

    Since the significant difference is greater than 0.05 accept null

    hypothesis and reject alternate hypothesis which says, there is no

    significant difference among respondents of various experience withrespect to Pay and promotion.

    H0:

    There is no significant difference among respondents of various

    experience groups with regard to the factor Communication and

    Motivation.

    H1:

    There is significant difference among respondents of various

    experience groups with regard to the factor Communication and

    Motivation.

    Table No: 38

    ANOVA

    Pay and Promotion

    3.148 4 .787 2.135 .082

    35.017 95 .369

    38.165 99

    Between Groups

    Within Groups

    Total

    Sum of

    Squares df Mean SquareF

    Sig.

  • 8/14/2019 Project Final Edited

    67/74

    Interpretation:

    Since the significant difference is greater than 0.05 accept null

    hypothesis and reject alternate hypothesis which says, there is no

    significant difference among respondents of various experience with

    respect to communication and motivation.

    H0:

    There is no significant difference among respondents of various

    experience groups with regard to Job Factors.

    H1:

    There is significant difference among respondents of variousexperience groups with regard to Job Factors

    Table No: 39

    ANOVA

    job factor

    1.437 4 .359 .867 .487

    39.360 95 .414

    40.798 99

    Between Groups

    Within Groups

    Total

    Sum ofSquares df Mean Square F Sig.

    Interpretation:

    ANOVA

    Communication and Motivation

    .937 4 .234 .652 .627

    34.100 95 .359

    35.037 99

    Between Groups

    Within Groups

    Total

    Sum of

    Squares df Mean SquareF

    Sig.

  • 8/14/2019 Project Final Edited

    68/74

    Since the significant difference is greater than 0.05 accept null

    hypothesis and reject alternate hypothesis which says, there is no

    significant difference among respondents of various experience with

    respect to Job factors

    H0:

    There is no significant difference among respondents of various

    Age groups with regard to Job Factors.

    H1:

    There is significant difference among respondents of various Age

    groups with regard to Job Factors.

    Table No: 40

    ANOVA

    job factor

    .007 2 .004 .009 .99140.790 97 .421

    40.798 99

    Between GroupsWithin Groups

    Total

    Sum of

    Squares df Mean Square F Sig.

    Interpretation:

    Since the significant difference is greater than 0.05 accept null

    hypothesis and reject alternate hypothesis which says, there is no

    significant difference among respondents of various age groups withrespect to Job factors.

    H0:

  • 8/14/2019 Project Final Edited

    69/74

    There is no significant difference among respondents of various

    genders with regard to Job Factors.

    H1:

    There is significant difference among respondents of various

    genders with regard to Job Factors.

    Table No: 41

    ANOVA

    job factor

    .036 1 .036 .086 .770

    40.762 98 .416

    40.798 99

    Between Groups

    Within Groups

    Total

    Sum of

    Squares df Mean Square F Sig.

    Interpretation:

    Since the significant difference is greater than 0.05 accept null

    hypothesis and reject alternate hypothesis which says, there is no

    significant difference among respondents of various genders with respect

    to Job factors.

    Chapter -V

  • 8/14/2019 Project Final Edited

    70/74

    Descriptive Statistics

    100 1.40 4.20 2.4960 .55740

    100 1.00 3.80 2.3620 .48799

    100 2.00 4.60 3.4600 .55450

    100 1.00 4.00 2.3900 .62089

    100 1.25 4.00 2.5725 .59490

    100 1.20 4.40 2.5400 .56174

    100

    environment and

    nature of workationship withsupervisors and

    colleagues

    welfare facilities

    pay and promotion

    communiction and

    motivation

    job factors

    Valid N (listwise)

    N Minimum Maximum Mean Std. Deviation

    5.1 Findings:

    The descriptive statistics table helps us to derive satisfaction level of

    employees on various factors:

    The respondents are satisfied with the environment and nature of work

    factors as their mean value is near to 2.50

    The respondents relationship with the superiors and colleagues are quite

    good as their mean value is 2.36 is an agreeable level.

    The Respondents are not provided with proper welfare facilities thats the

    reason the mean value is quite high at 3.46 levels which is disagree level.

    The communication and motivation of employees by their superiors in

    this organization is reasonable as the mean value is 2.57.

    The Pay and promotion activities in this organization is also good as their

    mean value is 2.4

  • 8/14/2019 Project Final Edited

    71/74

    The Respondents are overall satisfied with their job as their mean value

    is 2.54 which is an agreeable level.

    The Parking facilities provided by the organization are not good thats

    why most respondents disagree with this question.

    The refreshment facilities are also need to be improved because most of

    the employees are dissatisfied on this factor.

    The Rest room facilities in the company are not good and they are not

    satisfied with the lunch facilities.

    Suggestions:

  • 8/14/2019 Project Final Edited

    72/74

    QuestionnaireA study on Job Satisfaction of Employees in

    Cholamandalam MS General Insurance Ltd

    1. Name:

    2. Age: 3. Gender: Male Female

    4. Monthly Income:A) Below Rest. 10,000 B) 10,000- 20000 C) 20,000-30000 D) Above30,000

    5. Education Qualification:A) Under graduation B) Post graduation

    6. Marital StatusA) Married B) Unmarried

    7. Years of experience:A) Less than 1yr B) 1-2 yrs C) 2-3 yrs D) 3-4 yrs E) Above 4yrs

    Please indicate your level of agreement in connection with variousfactors:1. Strongly agree 2. Agree 3. Neither agree nor disagree 4. Disagree5. Strongly DisagreeWork Environment and nature of work

    S.No

    Particulars 1 2 3 4 5

    1. Working hours are convenient for me2. Im happy with my work place

    3. The lighting and other arrangements in

    the office are satisfactory4. I feel I have too much work to do5. Im satisfied with the safety measures

    provided by my company

    Relationship with supervisors and colleagues

    S.No

    Particulars 1 2 3 4 5

  • 8/14/2019 Project Final Edited

    73/74

    6. My relationship with my supervisor iscordial

    7. My supervisor is not partial8. My supervisor considers my ideas too

    while making decision

    9. Im satisfied with the support from my co-workers

    10. People here have concern for one anotherand tend to help one another

    Welfare Facilities

    S.No

    Particulars 1 2 3 4 5

    11 Im satisfied with the refreshment facilities

    12 We are provided with the rest and lunchroom and they are good

    13 The parking facilities provided for ourvehicles are satisfactory

    14 Im satisfied with the first aid facilities15 Im satisfied with the Loan facilities and

    other personal welfare benefits offered bycompany

    Pay and promotion

    S.No

    Particulars 1 2 3 4 5

    16 I feel Im being paid a fair amount for thework I do

    17 Im satisfied with my chances forpromotion

    18 The salaries we receive are good as otherorganizations pay to their employees.

    19 Im satisfied with the allowances providedby my organization

    Communication and motivation

    S.No

    Particulars 1 2 3 4 5

    20 I feel that my Boss motivate me to achievethe organization goal

  • 8/14/2019 Project Final Edited

    74/74

    21 My supervisor motivates me to increasemy efficiency at times when Im notproductive

    22 Communication seem good within thisorganization

    23 Work assignments are explained clearly tome

    Job factors

    S.No

    Particulars 1 2 3 4 5

    24 I love my job and to work in thisorganization

    25 My work life is meaningful26 I consider that my work is valuable in

    attaining my organizational goals27 I have adequate opportunity to use my

    ability28 Overall, Im satisfied with my job