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Sun Pharmaceutical
Sun Pharmaceutical Industries Limited (NSE: SUNPHARMA, BSE: 524715) is an
Indian
headquartered
in Mumbai,
offers
formulations
in
various
therapeutic
areas,
It
such
also
Mexico and Israel. In the US, the company markets a large basket of generics, with
a
strong
pipeline
awaiting
approval
from
the
U.S. Food
and
Drug
Administration (FDA).[4]
Sun Pharma was listed on the stock exchange in 1994 in an issue oversubscribed
55 times. The founding family continues to hold a majority stake in the company.
Today Sun Pharma is the second largest and the most profitable pharmaceutical
company in India, as well as the largest pharmaceutical company by market
capitalisation on the Indian exchanges.[5]
The Indian pharmaceutical industry has become the third largest producer in the
world in terms of volumes and is poised to grow into an industry of $20 billion in
2015 from the current turnover of $12 billion.[citation needed] In terms of value India still
stands at number 14 in the world.
Acquisitions and Joint Ventures
Sun Pharma has complemented growth with select acquisitions over the last two
decades.
In
1996,
Sun
purchased
bulk
drug
manufacturing
plant
Chattem Chemicals (2008). In 2010, the company acquired a large stake in Taro
Pharmaceuticals,[6] amongst the largest generic derma companies in the US, with
operations across Canada and Israel. The company currently owns ~ 69% stake in
Taro,for about $260 million.[7]
In 2011, Sun Pharma entered into a joint venture with MSD to bring complex or
differentiated generics to emerging markets (other than India).
In
2012,
Sun
announced
acquisitions
of
two
US
companies: DUSA
SPARC
In 2007, Sun Pharma demerged its innovative R&D arm, and listed it separately on
the stock market as the Sun Pharma Advanced Research Company Ltd.
(NSE: SPARC,BSE: 532872). In 2013, SPARC declared revenue of Rs.
873 million.[15] SPARC focuses on new chemical entities (NCE) research and new
drug delivery systems and offers an annual update[16] of its pipeline (NDDS).[17]
Awards and Recognitions
Sun Pharma stood second in the India's Most Reputed Brands (Pharmaceutical)
list [18] in a study conducted by BlueBytes,[19] a leading Media Analytics firm in
association with TRA Research,[20] a brand insights organization (both a part of the
Comniscient Group).
sun Pharma is the fifth largest speciality generic pharmaceutical company in the world. We
provide high-quality, affordable medicines trusted by healthcare professionals and patients in
over 150 countries. It is also Indias largest, most trusted, and most valuable pharmaceuticals
company by market capitalisation. Our global revenues exceed US$ 4.6 billion.
We attribute our growth and success to our over 30,000 strong multi-cultural workforce from
over 50 different nationalities. Our team has taken Sun Pharma to the heights that it has scaled
and are now working to take it further up on its high growth trajectory.
Our people are our most valuable asset. Our culturally diverse workforce is one of our biggest
strengths and the rich experience they bring, across varied skill-sets and backgrounds, is
invaluable. We are proud that our global workforce is bound together by our common values.
We are committed to hiring exceptionally talented people and nurture them professionally. Our
multi-dimensional work environment offers high growth opportunities through challenging roles
with clear responsibilities and the opportunity to work on a variety of assignments. At Sun
Pharma, our employees are provided with opportunities to enhance their technical and soft skills
through continuous training and development programmes.
As an employee of Sun Pharma, you will work with an inspiring, approachable and visionary
leadership. Our open, enabling and trust-based culture will offer you an exciting environment to
work and grow.
As a fast growing organisation, our team members are always presented with challenging
opportunities and a wide variety of responsibilities. They are empowered with the freedom to
execute and truly enjoy their work.
Meritocracy
We have a strong belief in a performance-oriented culture. Our team members are recruited,
rewarded and given opportunities in the organisation purely based on their merit. The backbone
of our meritocratic culture is the Performance Management System which has been put in place
with the objective of evaluating our employees performance in a fair and transparent manner.
EMPLOYEE SATISFACTION
What does the term Satisfaction imply to an employee? It implies nothing else than the feeling
of either being contended or non-contended on using a product.
Employee Satisfaction is a prerequisite for the customer satisfaction.
Enhanced employee satisfaction leads to higher level of employee retention.
A stable and committed workforce ensures successful knowledge transfer, sharing, and creation
--- a key to continuous improvement, innovation, and knowledge-based total customer
satisfaction.
When companies are committed with providing high quality products and services; when
companies set high work standards for their employees; and when employees are empowered
through training and development, provided with knowledge and information, permitted to make
mistakes without punishment, and trusted; they will experience an increase in their level of
satisfaction at work.
This level of satisfaction can be enhanced further if teamwork and visionary leadership are
introduced.
Continuous improvement comes from the efforts of the empowered employees motivated
by visionary leadership. This is supported by the findings that empowerment and visionary
leadership both have significant correlation with employee satisfaction. Teamwork is also
supported by the findings. In addition, the study found significant correlation between employee
satisfaction and employees intention to leave.
The success of a corporation depends very much on customer satisfaction. A high level of
customer service leads to customer retention, thus offering growth and profit opportunities to the
organization. There is a strong relationship between customer satisfaction and employee
satisfaction. Satisfied employees are more likely to stay with company and become committed
and have more likely to be motivated to provide high level of customer service, by doing so will
also further enhance the employees satisfaction through feeling of achievement. Enhanced
employee satisfaction leads to improved employee retention; and employee stability ensures the
successful implementation of continuous improvement and customer satisfaction. Customer
satisfaction will no doubt lead to corporate success and greater job security. These will further
enhance employee satisfaction. Therefore, employee satisfaction is a prerequisite for customer
satisfaction.
Employee satisfaction is also a prerequisite for staff retention. Organisations with higher staff
retention rates are naturally better at retaining knowledge, which can lead to better performance
and profit for the business.
Improved employee satisfaction reduces the cost of staff turnover, builds brand loyalty with staff
and positions the company as an employer of choice that attracts talented people to the
organisation.
Measuring employee satisfaction can yield far more than a measure of morale. The initiative
provides a catalyst for change.
4. Interview method
This method is used for:
Review all data collected from other method..
Review key person.
EMPLOYEE
MOTIATION
EMPLOYEE
SATISFATION
SSSSSSSSSSATISATIF
ACTION
EMPLOYEE
METHODS
MORALE
METHODS
Seekers
Contributors
Motivated By
Need for income to survive
Need for good pay coupled with personal
satisfaction
Need to "make a difference" and not
motivated by money
scene
realizes their actions are truly being watched. And, a highly level of employee
motivation is the natural result.
Inspiration comes from leadership. This form of employee motivation includes the
company's mission, purpose and goals. People want to be part of an organization
that is going somewhere, that stands for something, and that provides a meaningful
service to the marketplace.
If you want to lead an inspired, mission-guided organization, follow these steps and
watch employee motivation improve dramatically.
1. Have a clear mission - in other words, know where you are going.
2. Be excited and passionate about your mission. After all, if you don't get
excited, they won't either.
Some employees are motivated by money. In fact, most are motivated by money; at
least for their basic needs. Employee motivation through compensation can come in
the form of raises, performance bonuses, commissions, profit sharing, or any
number of "extra benefits" like, automobiles, vacations, or other tangible items
purchased and used as rewards.
Periodic Interviews
Performing periodic performance interviews with your employees can also help you gauge the
overall employee satisfaction. These interviews provide you with a chance to tell your employee
the things he is doing well and the things he needs to work on, as well as give the employee the
chance to have input on ways to improve the company to increase employee satisfaction and
productivity.
Productivity
Measuring the overall productivity of your workforce on a monthly basis, and over an extended
period of time, gives you a wide range of months to compare how well your employees are
performing. Employees who are satisfied at work often perform better, increasing your
company's overall productivity. If you begin to see a noticeable drop in your production
numbers, this may be a sign that employee morale is low and you need to examine ways to
increase overall satisfaction in the workplace.
Turnover Rate
Your employee turnover rate is another good gauge for how satisfied your employees are in the
workplace. A relatively low turnover rate can signify that your employees are happy and that you
are doing the right things to keep morale high. However, a high turnover rate can be a sign that
employee satisfaction is low, forcing many to move on to better paying jobs, or jobs in a better
work environment.
Absence Rate
How often your employees are absent from work can also be a sign of poor employee morale.
When employees enjoy their job, absence rates go down. However, if an employee does not
enjoy her job, she/he may be more apt to take extra time off or to call into work sick more often,
even if she is not sick. Absent workers reduce your productivity, which can cost your business
money.
Factors that can contribute to positive employee morale include, but are not limited,
to these. Almost anything you do that contributes to a positive work environment
for employees helps to build employee morale. When you take care of factors such
as these, employee morale can remain high even in turbulent, uncertain times.
empowering employees,
Many employers often feel that they should master the art of happiness.
Employee satisfaction is a key for business success as employees mirror the
company to the world. The attitude of your employees tells the moral of your firm
and only happy employees can reflect a good picture of your company to the public.
Compensation plays a big role in job satisfaction; however, not everything depends
on it. Certain small, inexpensive changes can bring in a long-term effect on the
satisfaction levels of your employees. Hence it's highly important that employers
work on areas to improve employee contentment and here are some tips you can
apply.
5.
RESEARCH METHODOLOGY:
RESEARCH PROBLEM:
Every project work is based on certain methodology, which is a way to systematically solve the
problem or attain its objectives. It is a very important guideline and lead to completion of
any project work through observation, data collection and data analysis.
PROBLEM FORMULATION:
RESEARCH OBJECTIVE:
To discover the various expectations that determines the satisfaction level of employee.
2.
3.
DATA COLLECTION:
questionnaire
interviews
observations
Secondary data is collected from previous researches and literature to fill in the
respective project. The secondary data was collected through:
Text Books
Articles
Journals
Websites
RESEARCH DESIGN:
Descriptive research design has been used as it includes various types of factfindings and inquiries which are done through survey which includes questionnaire,
interviews.
SAMPLING DESIGN:
SAMPLING TECHNIQUE
SAMPLE SIZE:
random from all the departments of the organization and feedback forms
(questionnaire) have been obtained. The data has been analyzed in order to arrive
at present training practices in the organization.
SAMPLE AREA:
DEHRADUN
No.
of %
of
Respondents
Responses
Highly satisfied
25%
Satisfied
35%
Cant Say
15%
Dissatisfied
5%
Highly Dissatisfied
20%
Total
20
100%
INTERPRETATION
35% of the respondents satisfied to their current job in SUNPHARMA, in addition to 25%
who are very satisfied. But a small population dissatisfied as 20% very dissatisfied to this
notion. the level of satisfaction of employees with respect to the company.
Options
No.
of %
Respondents
Responses
Highly satisfied
30%
Satisfied
40%
Cant Say
15%
Dissatisfied
10%
Highly Dissatisfied
5%
Total
20
100%
of
INTERPRETATION
70% of the respondents feel that their opinion seems to count.15% respondents
could not comment on the question and 15% think that company cannot count the
opinion, so they are dissatisfied.
Options
No.
Respondents
of % of Responses
Highly satisfied
31%
Satisfied
21%
Cant Say
21%
Dissatisfied
16%
Highly Dissatisfied
11%
Total
20
100%
INTERPRETATION
53% respondents feel that their supervisor seem to care as a person but 26% feel
that it was just doing their responsibility. Also, 21% could not comment on the
question.
No.
of % of Responses
Respondents
Highly satisfied
20%
Satisfied
40%
Cant Say
15%
Dissatisfied
15%
Highly Dissatisfied
10%
Total
20
100%
INTERPRETATION
60% of the respondents believe that their fellow employees committed to doing
quality work, 15% could not comment on the question yet 25% dissatisfied to this
notion. Quality work drives customer satisfaction, indirectly creating profit for an
organisation
Options
No.
Respondents
of % of Responses
Highly satisfied
25%
Satisfied
40%
Cant Say
10%
Dissatisfied
15%
Highly Dissatisfied
10%
Total
20
100%
INTERPRETATION
65% respondents feel that numbers of opportunity to learn & grow in HDFC SLIC.
10% respondents could not comment on this while 25% differ in opinion. They feel
that they cannot utilize the all resources of the company which help to build
employees morale &motivation level..
No.
of % of Responses
Respondents
Highly satisfied
20%
Satisfied
35%
Cant Say
25%
Dissatisfied
15%
Highly Dissatisfied
5%
Total
20
100%
INTERPRETATION
55% of the respondents believe that management & supervisor encourages for their
development. yet 20% dissatisfied to this notion. 25% respondents did not
comment on the issue. employee satisfaction is a factor in employee motivation,
employee goal achievement, and positive employee morale in the workplace
7) Do you have the materials and equipment you need to do your work right.
Options
No.
of % of Responses
Respondents
Highly satisfied
15%
Satisfied
30%
Cant Say
20%
Dissatisfied
20%
Highly Dissatisfied
15%
Total
20
100%
INTERPRETATION
45% respondents believe that material& equipment they needed for work right is
sufficient, but 35% dissatisfied to this notion.20% respondents did not comment on
the issue. At times, managers unknowingly sabotage employee motivation by
failing to recognize the positive behaviors and achievements of their employees. As
a result, employees don't know whether or not they are doing a good job.
8) In the last six months, has someone at work talked to you about your
progress.
Options
No.
Respondents
of % of Responses
Highly satisfied
10%
Satisfied
40%
Cant Say
10%
Dissatisfied
25%
Highly Dissatisfied
15%
Total
20
100%
INTERPRETATION
50% respondents have the opinion that their associates, supervisor, &management
analyzed the performance in last six months, but 50% of the respondents differ to
this. , the employer comes across as much more sincere, and the employee realizes
their actions are truly being watched. And, a highly level of employee motivation is
the natural result.
No.
Respondents
of % of Responses
Highly satisfied
25%
Satisfied
40%
Cant Say
10%
Dissatisfied
15%
Highly Dissatisfied
10%
Total
20
100%
INTERPRETATION
65% respondents feel that the job is important for company mission/purpose
numbers.10% respondents could not comment on this while 25% differ in opinion. A
companys ambition to be a global specialist in manufacturing lighting electronics
and energy efficient lighting solution.
CONCLUSION
SUGGESTIONS
Based on the data collected through the questionnaire and interactions with
the Staff and Workers of SUNPHARMA the following recommendations are made for
consideration:
1.
Complaint and Suggestion System: Employee can freely deliver complaints and
suggestions through facilities like suggestion box, personal meetings with seniors etc.
2.
Lost Employee Analysis: The exit interviews are conducted or employee loss rate
is
computed.
3.
to random sample of recent buyer help to find out customer satisfaction and relate to repurchase
intention and word of mouth score.
Employee satisfaction has been defined as a function of perceived
performance and expectations. It is a persons feeling of pleasure or disappointment
resulting from comparing a products outcome to his/her expectations
BIBLIOGRAPHY
BOOKS
WEBSITES
www.Sunpharma ltd.com/
cp.Sunpharma .com/cpweb/
1) Overall, how satisfied you are and with your current job
at SUNPHARMA?
Highly satisfied
Satisfied
Cant Say
Dissatisfied
Highly dissatisfied
Highly satisfied
Satisfied
Cant say
Dissatisfied
Highly satisfied
************