2. TOPIC OF THE STUDY
“A STUDY ON EMPLOYEE RETENTION PRACTICES
AT
PHOENIX FINANCIAL CARE PVT. LTD.”
3. OBJECTIVES OF THE STUDY
To know the existing retention policy in the
organization.
To measure the satisfaction level of retention
process.
To know the degree of flexibility allowed to the
employees.
To know the relationship between employer and
employees.
To find scope for improvement in the employees
retention policies and practices in company
4. COMPANY PROFILE
It has been established since 2006 and begin with three worker and grown
to 500 employee till 9 years.
The 8 divisions of phoenix that are fully integrated to provide clients and
customers with high-quality customer service and products are:-
Phoenix club card
Phoenix software solutions
Phoenix Educare Odisha
ABC consortium
Ray bit printing and design
Phoenix financial care Pvt . Ltd.
Phoenix Blood Donors
Rudraksh Estate and Builders
5. FACTORS AFFECTING EMPLOYEE RETENTION
Suitability compensation and other benefits.
Proper T&D facilities for competence enhancement
Flexibility work schedule.
Opportunities for new assignment and job rotation.
Attractive rewards & incentives scheme.
Sound interpersonal relationship with co-worker and superior
Effective communication process.
Environment of openness and trust.
Fair and transparent HR policies and practices.
Participating decision making.
Job satisfaction.
Team work and collaboration.
Sense of job security.
Good working conditions..
6. RESEARCH METHODOLOGY
PERIOD OF STUDY: - The time period was of 45 days from 9 April 2015 to
30 June 2015.
TYPE OF RESEARCH: - Conclusive and Descriptive Research
SAMPLING TECHNIQUE: - Stratified Sampling
SAMPLE SIZE: - 20
SAMPLE DESCRIPTION: - Top level management and Employees
DATA COLLECTION
INSTRUENTATION TECHNIQUE: - Observation, Interviews, Questionnaire
COLLECTION OF DATA: - Primary data and the Secondary data
SOFTWARE USED: - MS word & MS excel 2010
LIMITATION OF THE STUDY
1. Sample size was limited
2. Time constraint
