Академический Документы
Профессиональный Документы
Культура Документы
AKANKHYA ANIRYA
2016-19
66316UT16006
ODISHA
2019
ii
DECLARATION
I do hereby declare that the project work entitled “Employee Satisfaction in NALCO,
Bhubaneswar’’ submitted to D.A.V. School of Business Management, Affiliated to Utkal
University, is a record of original work done by me under the guidance of Mr. A. K. Pradhan,
Deputy Manager, NALCO and Dr. D. N. Mishra, Principal DSBM.
ACKNOWLEDGEMENT
It is really a great pleasure to have this opportunity to express the feeling of gratitude
imprisoned in the deepest core of my heart.
At the onset, I convey my sincere gratitude to Mr. A. K. Pradhan, Deputy Manager, NALCO
for giving me the opportunity to prepare my project work.
I do express my sincere thanks to Dr. D. N. Mishra, Principal, for his diligent guidance and
continuous monitoring of the project.
I must also express my deepest gratitude to the Faculty Council of DSBM, for their timely
help as when required.
CONTENTS
PARTICULARS PAGES
Title page i
Declaration ii
Acknowledgment iii
Table of contents vi
Executive Summary ix
1. Introduction
1.1 Identification of the Problem 1
1.2 Objectives of the Study 1
1.3 Scope and Limitations of the Study 2
2. Review of Literature
2.1 Background of the Study 3
2.2 Company Profile 9
3. Methodology
3.1 Sample Design 12
3.2 Data Collection 12
4. Analysis and Interpretation 13
5. Findings
5.1 Discussion 29
5.2 Conclusion 30
Bibliography 31
Annexure 32
vii
LIST OF TABLES
LIST OF FIGURES
EXECUTIVE SUMMARY
Job satisfaction in regards to one’s feeling or state of mind regarding nature of their work.
Job can be influenced by variety of factors like quality of one’s relationship with their
supervisor, quality of physical environment in which they work, degree of fulfillment in their
work, etc.
Positive attitude towards job are equivalent to employee satisfaction where as negative
attitude towards job has been defined variously from time to time. In short, job satisfaction is
a person’s attitude towards job.
The entire project talks about the level of Employee Satisfaction in NATIONAL
ALUIMINIUM COMPANY LIMITED. The study states the factors influencing employee
satisfaction, importance of employee satisfaction and the ways to improve the employee
satisfaction program.
The company is having integrated and diversified operations in mining, metal and power with
sales turnover of Rs. 9,376 crores in financial year 2017-18. NALCO has already achieved a
profit of Rs. 1342 crores in financial year 2017-18 and is likely to achieve Rs. 1600 crores in
2018-19.
CHAPTER 1
INTRODUCTION
1
The study employee satisfaction measure provided by NALCO has thrown light to the
satisfaction measures of employees who work in the organization. This study will help top
management to improve their labor satisfaction measure in favorable for employees of
NALCO. The study covers the whole organizations taken in to consideration and the survey
is conducted among the workers through the Questionnaire.
2
1. The investigation access to the staff was limited due to the general system information
received from the respondents may not be accurate.
2. So the received information will not give a true and fair view of the actual position.
3. Due to time limit sample size is limited to only 15 which may affect the accuracy of
study.
CHAPTER 2
REVIEW OF
LITERATURE
Page |3
Introduction
Employee satisfaction is a measure of workers contentedness with their job, whether or not
they like the job or individual aspect or facets of jobs, such as nature of work or supervision.
Employee satisfaction can be measured in cognitive, affective, and behavioral components.
Researchers have also noted that employee satisfaction measures vary in the extent to which
they measure feelings about the job or cognitions about the job.
2. Individuals hardly think of leaving their current jobs: Employee satisfaction in a way
is essential for employee retention. Organizations need to retain deserving and
talented employees for long term growth and guaranteed success. Agreed you can
hire new individuals but no one can deny the importance of experienced
professionals. It is essential for organizations to have experienced people around who
can guide freshers or individuals who have just joined.
Page |4
4. Satisfied employees tend to adjust more and handle pressure with ease as compared to
frustrated ones: Employee who are not satisfied with their jobs would find a problem
in every small thing and be too rigid. They find it extremely difficult to compromise
or cope up with the changing times. On the other hand, employees who are happy
with their jobs willing participate in training programs and are eager to learn new
technologies, software which would eventually help them in their professional career.
Satisfied employees accept challenges with a big smile and deliver even in the worst
of circumstances.
1. The brand name of the organisation is of utmost importance to the employees and it is
considered when employee satisfaction is considered.
2. The aim and objectives of the organisation where an employee works are likely to
affect employee satisfaction.
3. Salary and wages is one of the most important factors behind employee satisfaction.
The salary should always be in accordance to the position of the employee in the
company.
4. Rewards and penalties are other important things that affect level of satisfaction of an
employee in his job.
5. The kind of treatment given by the supervisor to the employee largely determines his
satisfaction level. It is always desired to treat employees in a good manner.
6. Working methods of the organisation determines the satisfactory level of an
employee. It is true that every organisation has its own working methods but some
freedom should also be given to the employees.
Page |5
7. It is essential to check that the personality of the employee matches the type of job
being allotted to him.
8. Expectations of the employee should also be in accordance to the level of organisation
in which he or she is working.
(Singh & Pestonjee, 1990) hypothesized that Employee Satisfaction is influenced by the
levels of Occupation, Employee Involvement and Participation. The sample for the study
consisted of 250 officers and 250 clerical cadres belonging to a Nationalized bank in Western
India. The study confirmed the hypothesis and it was found that Employee Satisfaction of the
Bank employees was positively affected by the Occupation level, Employee involvement and
participation.
(Dhar & Jain, 1992) carried out an investigation amongst academicians. The investigation
explored the nature of relationship between Employee Satisfaction, Employee Involvement,
Age and Length of service. An important finding of the study was that Employee
Involvement and Employee Satisfaction are positive correlates which imply that involvement
in Employee increases Employee and vice-versa.
(Pors, Niels Ole; Johannsen, Carl Gustav;, 2002) focused on Employee Satisfaction among
library directors in the context of problems of recruiting the right kind of staff and the need to
create attractive workplaces. Employee Satisfaction was a central topic for motivational
theories. Some of the most major of these theories were evaluated in relation to the findings
of a survey of Danish Library Directors. The analysis correlates Employee Satisfaction with a
number of both extrinsic and intrinsic factors and finds major differences between these
factors and level of Employee Satisfaction among the library directors.
(Chodhury, 2010) examined the relationship between organizational climate and Employee
Satisfaction in academic libraries in Delhi. 228 questionnaires were collected from
professional, technical and administration people from different libraries. The finding of this
study is that Employee Satisfaction is highly correlated with organization climate.
Page |8
(Peng, 2012) examined the relationship between employee satisfaction and employee
performance at facet level for the University librarians in Taiwan based on a structural
equation modeling. Results indicated that employee satisfaction is positively related to
employee performance. Findings indicated that job autonomy moderates the above
relationship.
Page |9
VISION
To be a premier and integrated company in the Aluminum value chain with strategic presence
in mining both domestic & global & metal & energy sectors.
MISSION
To achieve sustainable growth in sustainable growth in business through diversification,
innovation and global competitive edge.
To continuously develop human resources, create safe working conditions, improve
productivity and quality, and reduce cost and waste.
To satisfy the customers and shareholders, employee, and all other stakeholders.
To be a good corporate citizen, protecting and enhancing the environment as well as
discharging social responsibility in order to ensure sustainable growth.
To intensify R & D for technology up-gradation. The company firmly believes that its
ultimate reward is happiness in the human heart.
OBJECTIVES OF NALCO
To maximize capacity utilization.
To optimize operational efficiency and productivity.
To maintain highest international standards of excellence in product quality, cost efficiency
and customer service.
To provide a steady growth in business by technology up gradation expansion and
diversification.
To have global presence and earn foreign exchange.
To maintain leadership in domestic market.
To instill financial discipline at all levels for achieving cost and budgetary controls,
optimize utilization of working capital and effective cash flow management.
To maximize return on investment.
To develop a strong R&D base and increase business development activities.
To promote a result oriented Organizational ethos and work culture that empowers
employees and helps realization of individual and Organizational goals.
To participate in peripheral development of the area. 6(Hand Book on NALCO, 2004)
P a g e | 11
PHILOSOPHY IN NALCO
The philosophy of NALCO in the field of human resources and management has been:
To attract competent personnel with growth potential and develop their skills and capabilities
in a congenial work and social environment through opportunities for training, recognition
career advancement and other incentives.
To develop and nurture favorable attitude among employees and to obtain their best
contribution to the organization by providing stable employment, safe working conditions,
job satisfaction, quick redress of grievances and through good pay and welfare amenities,
commensurate with the company’s capacity to spend and the governments guidelines.
To foster fellowship and sense of belongingness among all sections of employees through
closer association of employees with the management and by encouraging healthy trade
union practices.
CHAPTER 3
METHODOLOGY
P a g e | 12
To carry out the Project, the methodology being used is precisely presented-
Primary sources: Data was collected by direct interview of the senior executives and
distributing the questionnaire among to all the employees of HR Department, NALCO,
corporate office, Bhubaneswar.
Secondary sources-: Data pertaining to the concepts, facts, provisions, information, and
figures relating to the company were collected from the Internet, books, materials journals
and other materials of NALCO.
The Questionnaire consisted of 16 questions and all are multiple choice questions
CHAPTER 4
ANALYSIS
AND
INTERPRETATION
P a g e | 13
0% 0%
27%
73%
INTERPRETATION
In this pie chart, 26.66% employees are working in the company from 2 to 4 years, 73.33%
employees are working for more than 4 years and none of the employees are working in the
company for less than 1 year or from 0 to 2 years.
P a g e | 14
RESPONDENTS 10 03 02 0 15
PERCENTAGE 66.66 20 13.33 0 100
0%
13%
20%
PARTICIPATIVE
AUTONOMY
67% WHIMSICAL
RED TAPISM
INTERPRETATION
In this pie chart, 66.66% respondents believes that the working environment at NALCO is
participative, 20% believes it is autonomy and the rest 13.33% believes that the environment
is whimsical and none of them believes it is red tapism.
P a g e | 15
RESPONDENTS 13 01 01 15
7%
6%
YES
NO
NEUTRAL
87%
INTERPRETATION
In this pie chart, 86.66% employees agree that their work is according their qualifications and
skills, 6.66% employees disagree with it and the rest 6.66% have a neutral response about it.
P a g e | 16
RESPONDENTS 12 0 03 15
PERCENTAGE 80 0 20 100
20%
0%
YES
NO
NEUTRAL
80%
INTERPRETATION
In this pie chart, 80% respondents are satisfied with the top management and the 20%
respondents have a neutral response about it.
P a g e | 17
RESPONDENTS 13 0 02 15
0% 13%
YES
NO
NEUTRAL
87%
INTERPRETATION
In this pie chart, 86.66% employees are satisfied with the working hours at NALCO and the
rest 13.33% employee have a neutral response.
P a g e | 18
RESPONDENTS 13 0 02 15
0% 13%
YES
NO
NEUTRAL
87%
INTERPRETATION
In this pie chart, 86.66% employees agreed that they have necessary authority to perform
their effectively and the rest 13.33% have a neutral response about it.
P a g e | 19
RESPONDENTS 11 01 03 15
20%
7%
YES
NO
73% NEUTRAL
INTERPRETATION
In this pie chart, 73.33% respondents have accepted that NALCO organizes different
counseling programs for their employees, 6.66% respondents do not accept it and 20%
respondents have a neutral response about it.
P a g e | 20
RESPONDENTS 10 02 03 15
20%
13%
YES
67% NO
NEUTRAL
INTERPRETATION
In this pie chart, 66.66% respondents have accepted that the employees share their
experiences to help each other, 13.33% respondents do not accept it and 20% of them have a
neutral response about it.
P a g e | 21
RESPONDENTS 13 01 01 15
7%
6%
YES
NO
NEUTRAL
87%
INTERPRETATION
In this pie chart, 86.66% respondents believes that there are good career prospect in NALCO,
6.66% respondents do not think that there is any good career prospect in NALCO and the rest
6.66% have neutral response to it.
P a g e | 22
RESPONDENTS 10 0 05 15
33%
YES
NO
67%
NEUTRAL
0%
INTERPRETATION
In this pie chart, 66.66% respondents accept that the management involves employees in the
management decision while 33.33% respondents have neutral response about it.
P a g e | 23
RESPONDENTS 13 0 02 15
0% 13%
YES
NO
NEUTRAL
87%
INTERPRETATION
In this pie chart, 86.66% employees accept that NALCO provides medical facilities for them
while 13.33% of them have a neutral response about it.
P a g e | 24
RESPONDENTS 14 0 01 15
0%
7%
YES
NO
NEUTRAL
93%
INTERPRETATION
In this pie chart, 93.33% employees are satisfied with the welfare facilities provided to the
employee by NALCO and the rest 6.66% employees have a neutral response about it.
P a g e | 25
0%
13% 20%
STRONGLY AGREE
AGREE
NEUTRAL
DISAGREE
67%
INTERPRETATION
In this pie chart, 66.66% respondents agree that NALCO recognizes and acknowledge the
work done by the employees, 20% strongly agree with it and the rest 13.33% have a neutral
response about it.
P a g e | 26
RESPONDENTS 08 04 03 15
20%
53% YES
27% NO
NEUTRAL
INTERPRETATION
In this pie chart, 53.33% respondents accept that NALCO provide satisfactory salary
according to their work, 26.66% do not accept it and the rest 20% have a neutral response
about it.
P a g e | 27
0% 2%
18%
SALARY INCREASE
PROMOTION
LEAVE
80% RECOGNITION
INTERPRETATION
In this pie chart, 60% employees believe that a SALARY INCREASE can motivate them the
most, 26.66% believes RECOGNITION can motivate them and the rest 13.33% believes it is
PROMOTION.
P a g e | 28
0%
0%
27%
33%
HIGHLY SATISFIED
SATISFIED
AVERAGE
DISSATISFIED
40% HIGHLY DISSATISFIED
In this pie chart, 40% employees are satisfied with them as an employee of NALCO, 33.33%
are highly satisfied and the rest 20% have an average satisfaction.
CHAPTER 5
DISCUSSION &
CONCLUSION
| P a g e 29
5.1 DISCUSSION
The employees in the organization are satisfied with their jobs and the organization is
taking effective care and providing various facilities to the employees.
We have found that the majority of the employees are satisfied with welfare facilities
provided by the NALCO.
It has been found that the majority of the employees agrees with that the organisation
recognises and acknowledge their work and there are few who have neutral response
to it.
The majority of the employees agree to have a great working relationship with the co-
workers.
| P a g e 30
5.2 CONCLUSION
From the study, it was identified that the most of the employees are satisfied with the job.
Majority of the employees are satisfied with the salary structure, promotional programs,
working conditions, allowances provided by the organization. They are also satisfied with
the employer-employee relationship and communication channel in the organization. But
still 40% of the employees do not get opportunity in decision making. Human resource is an
asset, so they should be taken proper care and it would boost up their moral for working and
they will contribute more for the organization.
BIBLIOGRAPHY
| P a g e 30
JOURNALS
Chodhury, R. (2010). Organisation Climate & Employee Satisfaction.
Dhar, U., & Jain, R. (1992). Job Involvment, Job Satisfaction and some demographic
correlates: A study of academicians. Indian Joural of Psychology , 5-10.
Pestonjee, M. S. (1990).
Pors, Niels Ole; Johannsen, Carl Gustav;. (2002). Job Satisfaction and Motivation Strategies
amon Library Directors. MCB UP Ltd .
WEBSITES
ANNEXURE
OBJECTIVE:
The questionnaire has been designed to collect data from the employees of NALCO,
Bhubaneswar and your valued response/opinion would help us understand the details about
the job satisfaction of the employees of this company. This will also be beneficial for the
company as they can analyze the problem and take corrective measures.
This information being collected is purely for research and academic purpose and shall
be kept confidential for all purposes.
QUESTIONNAIRE
NAME:
DESIGNATION:
1. Since how many years have you been working with NALCO?
o Less than 1 year
o 0-2 years
o 2-4 years
o More than 4 years
2. How is the working environment at NALCO?
o Participative
o Autonomy
o Whimsical
o Red Tapism
3. Do think your work is according to your qualification and skills?
o Yes
P a g e | 32
o No
o Neutral
4. Are you satisfied with the top management?
o Yes
o No
o Neutral
5. Are you satisfied with the working hours at NALCO?
o Yes
o No
o Neutral
6. Do you have necessary authority to perform your duties effectively?
o Yes
o No
o Neutral
7. Does NALCO organize any counselling programs for the employees?
o Yes
o No
o Neutral
8. Does the employee share experience to help each other?
o Yes
o No
o Neutral
9. Do you think there are good career prospect in NALCO?
o Yes
o No
o Neutral
10. Does the top management involve employees in the management decision?
o Yes
o No
o Neutral
11. Does NALCO provide medical facility for employees?
o Yes
o No
P a g e | 33
o Neutral
12. Are you satisfied with the welfare facilities provided to the employees by NALCO?
o Yes
o No
o Neutral
13. Does NALCO recognize & acknowledge your work?
o Strongly agree
o Agree
o Neutral
o Disagree
14. Does NALCO provide satisfactory salary according to your work?
o Yes
o No
o Neutral
15. Which of the following factor motivates you the most?
o Salary increase
o Promotion
o Leave
o Recognition
16. Your overall satisfaction as an employee of NALCO?
o Highly satisfied
o Satisfied
o Average
o Dissatisfied
o Highly dissatisfied