14771721 job-satisfaction-research-project-report

Job Satisfaction

"Job satisfaction is defined as "the extent to which people like (satisfaction)

or dislike (dissatisfaction) their jobs"

This definition suggests job satisfaction is a general or global affective reaction that

individuals hold about their job. While researchers and practitioners most often measure

global job satisfaction, there is also interest in measuring different "facets" or

"dimensions" of satisfaction. Examination of these facet conditions is often useful for a

more careful examination of employee satisfaction with critical job factors. Traditional

job satisfaction facets include: co-workers, pay, job conditions, supervision, nature of the

work and benefits."

Job satisfaction, a worker's sense of achievement and success, is generally perceived to

be directly linked to productivity as well as to personal wellbeing. Job satisfaction

implies doing a job one enjoys, doing it well, and being suitably rewarded for one's

efforts. Job satisfaction further implies enthusiasm and happiness with one's work. The

Harvard Professional Group (1998) sees job satisfaction as the keying redient that leads

to recognition, income, promotion, and the achievement of other goals that lead to a

general feeling of fulfillment.

Importance to Worker and Organization

Frequently, work underlies self-esteem and identity while unemployment lowers self-

worth and produces anxiety. At the same time, monotonous jobs can erode a worker's

initiative and enthusiasm and can lead to absenteeism and unnecessary turnover. Job

satisfaction and occupational success are major factors in personal satisfaction, self-

respect, self-esteem, and self-development. To the worker, job satisfaction brings a

pleasurable emotional state that often leads to a positive work attitude. A satisfied worker

is more likely to be creative, flexible, innovative, and loyal.

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http://www.answers.com/topic/absenteeism

http://www.answers.com/topic/monotonous

http://www.answers.com/topic/anxiety

http://www.answers.com/topic/satisfaction

For the organization, job satisfaction of its workers means a work force that is motivated

and committed to high quality performance. Increased productivityâ€”the quantity and

quality of output per hour workedâ€”seems to be a byproduct of improved quality of

working life. It is important to note that the literature on the relationship between job

satisfaction and productivity is neither conclusive nor consistent. However, studies dating

back to Herzberg's (1957) have shown at least low correlation between high morale and

high productivity, and it does seem logical that more satisfied workers will tend to add

more value to an organization. Unhappy employees, who are motivated by fear of job

loss, will not give 100 percent of their effort for very long. Though fear is a powerful

motivator, it is also a temporary one, and as soon as the threat is lifted performance will

decline.

Tangible ways in which job satisfaction benefits the organization include reduction in

complaints and grievances, absenteeism, turnover, and termination; as well as improved

punctuality and worker morale. Job satisfaction is also linked to a more healthy work

force and has been found to be a good indicator of longevity. And although only little

correlation has been found between job satisfaction and productivity, Brown (1996) notes

that some employers have found that satisfying or delighting employees is a prerequisite

to satisfying or delighting customers, thus protecting the "bottom line." No wonder

Andrew Carnegie is quoted as saying: "Take away my people, but leave my factories, and

soon grass will grow on the factory floors. Take away my factories, but leave my people,

and soon we will have a new and better factory"

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http://www.answers.com/topic/prerequisite

http://www.answers.com/topic/longevity

http://www.answers.com/topic/punctuality-2

Creating Job Satisfaction

So, how is job satisfaction created? What are the elements of a job that create job

satisfaction? Organizations can help to create job satisfaction by putting systems in place

that will ensure that workers are challenged and then rewarded for being successful.

Organizations that aspire to creating a work environment that enhances job satisfaction

need to incorporate the following:

Flexible work arrangements, possibly including telecommuting

Training and other professional growth opportunities

Interesting work that offers variety and challenge and allows the worker

opportunities to "put his or her signature" on the finished product

Opportunities to use one's talents and to be creative

Opportunities to take responsibility and direct one's own work

A stable, secure work environment that includes job security/continuity

An environment in which workers are supported by an accessible supervisor who

provides timely feedback as well as congenial team members

Flexible benefits, such as child-care and exercise facilities

Up-to-date technology

Competitive salary and opportunities for promotion

Probably the most important point to bear in mind when considering job satisfaction is

that there are many factors that affect job satisfaction and that what makes workers happy

with their jobs varies from one worker to another and from day to day. Apart from the

factors mentioned above, job satisfaction is also influenced by the employee's personal

characteristics, the manager's personal characteristics and management style, and the

nature of the work itself. Managers who want to maintain a high level of job satisfaction

in the work force must try to understand the needs of each member of the work force. For

example, when creating work teams, managers can enhance worker satisfaction by

placing people with similar backgrounds, experiences, or needs in the same workgroup.

Also, managers can enhance job satisfaction by carefully matching workers with the type

of work. For example, a person who does not pay attention to detail would hardly make a

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http://www.answers.com/topic/congenial

http://www.answers.com/topic/aspire

good inspector, and a shy worker is unlikely to be a good salesperson. As much as

possible, managers should match job tasks to employees' personalities.

Managers who are serious about the job satisfaction of workers can also take other

deliberate steps to create a stimulating work environment. One such step is job

enrichment. Job enrichment is a deliberate upgrading of responsibility, scope, and

challenge in the work itself. Job enrichment usually includes increased responsibility,

recognition, and opportunities for growth, learning, and achievement. Large companies

that have used job-enrichment programs to increase employee motivation and job

satisfaction include AT&T, IBM, and General Motors (Daft, 1997).

Good management has the potential for creating high morale, high productivity, and a

sense of purpose and meaning for the organization and its employees. Empirical findings

show that job characteristics such as pay, promotional opportunity, task clarity and

significance, and skills utilization, as well as organizational characteristics such as

commitment and relationship with supervisors and co-workers, have significant effects

on job satisfaction. These job characteristics can be carefully managed to enhance job

satisfaction.

Of course, a worker who takes some responsibility for his or her job satisfaction will

probably find many more satisfying elements in the work environment. Everett (1995)

suggests that employees ask themselves the following questions:

When have I come closest to expressing my full potential in a work situation?

What did it look like?

What aspects of the workplace were most supportive?

What aspects of the work itself were most satisfying?

What did I learn from that experience that could be applied to the present

situation?

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http://www.answers.com/topic/workplace

http://www.answers.com/topic/clarity

http://www.answers.com/topic/job-enrichment

http://www.answers.com/topic/salesperson

Workers' Roles in Job Satisfaction

If job satisfaction is a worker benefit, surely the worker must be able to contribute to his

or her own satisfaction and well-being on the job. The following suggestions can help a

worker find personal job satisfaction:

Seek opportunities to demonstrate skills and talents. This often leads to more

challenging work and greater responsibilities, with attendant increases in pay and

other recognition.

Develop excellent communication skills. Employers value and reward excellent

reading, listening, writing, and speaking skills.

Know more. Acquire new job-related knowledge that helps you to perform tasks

more efficiently and effectively. This will relieve boredom and often gets one

noticed.

Demonstrate creativity and initiative. Qualities like these are valued by most

organizations and often result in recognition as well as in increased

responsibilities and rewards.

Develop teamwork and people skills. A large part of job success is the ability to

work well with others to get the job done.

Accept the diversity in people. Accept people with their differences and their

imperfections and learn how to give and receive criticism constructively.

See the value in your work. Appreciating the significance of what one does can

lead to satisfaction with the work itself. This helps to give meaning to one's

existence, thus playing a vital role in job satisfaction.

Learn to de-stress. Plan to avoid burnout by developing healthy stress-

management techniques.

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http://www.answers.com/topic/burnout

http://www.answers.com/topic/boredom

Assuring Job Satisfaction

Assuring job satisfaction, over the longterm, requires careful planning and effort both by

management and by workers. Managers are encouraged to consider such theories as

Herzberg's(1957) and Maslow's (1943) Creating a good blend of factors that contribute to

a stimulating, challenging, supportive, and rewarding work environment is vital. Because

of the relative prominence of pay in the reward system, it is very important that salaries

be tied to job responsibilities and that pay increases be tied to performance rather than

seniority.

So, in essence, job satisfaction is a product of the events and conditions that people

experience on their jobs. Brief (1998) wrote: "If a person's work is interesting, her pay is

fair, her promotional opportunities are good, her supervisor is supportive, and her

coworkers are friendly, then a situational approach leads one to predict she is satisfied

with her job" (p. 91). Very simply put, if the pleasures associated with one's job outweigh

the pains, there is some level of job satisfaction

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http://www.answers.com/topic/outweigh

COMPANY PROFILE

Kotak Mahindra old mutual life insurance ltd. Is a joint venture between kotak

Mahindra banks Ltd.? And old mutual plc. At kotak life insurance, we aim to help

customers to take financial Decisions at every stage in life by offering them a wide range

of innovative life insurance Products, to make them financial independent11.

Mr. Gorang shah is the managing director of kotak Mahindra old mutual life insurance

limited.

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KOTAK MAHINDRA GROUP

Established in 1984, the Kotak Mahindra Group has long been one of India’s most

reputed organizations in the financial services domain. Kotak Mahindra Group is

committed for providing high quality financial products, services and support to its

customers; and is structured in different businesses like Banking, Life Insurance, Mutual

Funds, Car Finance, Securities and Institutional equities. As on 31 st December 2006, the

group stands at a net worth of around Rs. 3100 crore, employees around 9600 people in

its various branches providing services at across 300 cities. The Group services around

2.2 million customer accounts11.

OLD MUTUAL Plc.

Old Mutual, a company with 160 years experience in life insurance, is an international

financial services group listed on the London Stock Exchange and included in the FTSE

100 list of companies, with assets under management worth $ 400 Billion as on 30th

June, 2006. For customers, this joint venture translates into a company that combines

international expertise with the understanding of the local market.

The group has a substantial presence in the UK, US and South African markets. The

company is also working in the field of asset management, banking and general insurance

services in over 40countries. As on 31 December 2005, Old Mutual had more than 7

million life insurance policies, 3.6 million banking customers and over 5, 50,000 general

insurance policies11.

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OTHER GROUP COMPANIES OF KOTAK LIFE INSURANCE

KOTAK MAHINDRA BANK LTD

KOTAK MAHINDRA CAPITAL COMPANY LTD

INTERNATIONAL SUBSIDIARIES

KOTAK MAHINDRA PRIME LTD

KOTAK SECURITIES LTD

KOTAK MAHINDRA ASSET MANAGEMENT COMPANY

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http://www.kotaklifeinsurance.com/omkm3/othergroupco.htm#kmamc

http://www.kotaklifeinsurance.com/omkm3/othergroupco.htm#ks

http://www.kotaklifeinsurance.com/omkm3/othergroupco.htm#kmpl

http://www.kotaklifeinsurance.com/omkm3/othergroupco.htm#kmil

http://www.kotaklifeinsurance.com/omkm3/othergroupco.htm#kmcc

http://www.kotaklifeinsurance.com/omkm3/othergroupco.htm#kmfl

HISTORY OF KOTAK LIFE

KOTAK MAHINDRA Old Mutual Life Insurance is a joint venture between KOTAK

MAHINDRA Bank Ltd., along with its affiliates; and Old Mutual plc.

Established in 1984, the KOTAK MAHINDRA Group has long been one of India’s most

reputed organizations in the financial services domain. KOTAK MAHINDRA Group is

committed for providing high quality financial products, services & support to its

customers; and is structured in different business like Banking, Life Insurance, Mutual

Funds, Car Finance, Securities, Institutional Equities and Investment banking. KOTAK

MAHINDRA Finance Ltd. the flagship company of KOTAK MAHINDRA Group was

converted into KOTAK MAHINDRA Bank Ltd. in March 2003, making it the first

NBFC to be offered a banking license. As on 31st December 2006, the group stands at a

net worth of around Rs. 3100 crore, employing around 9600 people in its various

business and has distribution network of branches, franchisees, representative offices in

New York, London, Dubai and Mauritius. The group service around 2.2 million-customer

accounts 11.

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HISTORY OF INSURANCE

Almost 4,500 years ago, in the ancient land of Babylonia, traders used to bear risk of the

caravan trade by giving loans that had to be later repaid with interest when the goods

arrived safely. In 2100 BC, the Code of Hammurabi granted legal status to the practice.

That, perhaps, was how insurance made its beginning.

Life insurance had its origins in ancient Rome, where citizens formed burial clubs that

would meet the funeral expenses of its members as well as help survivors by making

some payments.

As European civilization progressed, its social institutions and welfare practices also got

more and more refined. With the discovery of new lands, sea routes and the consequent

growth in trade, Medieval guilds took it upon themselves to protect their member traders

from loss on account of fire, shipwrecks and the like.

Since most of the trade took place by sea, there was also the fear of pirates. So these

guilds even offered ransom for members held captive by pirates. Burial expenses and

support in times of sickness and poverty were other services offered. Essentially, all these

revolved around the concept of insurance or risk coverage. That's how old these concepts

are, really.

In 1347, in Genoa, European maritime nations entered into the earliest known insurance

contract and decided to accept marine insurance as a practice.

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The first step...

Insurance as we know it today owes its existence to 17th century England. In fact, it

began taking shape in 1688 at a rather interesting place called Lloyd's Coffee House in

London, where merchants, ship-owners and underwriters met to discuss and transact

business. By the end of the 18th century, Lloyd's had brewed enough business to become

one of the first modern insurance companies.

Insurance and Myth...

Back to the 17th century. In 1693, astronomer Edmond Halley constructed the first

mortality table to provide a link between the life insurance premium and the average life

spans based on statistical laws of mortality and compound interest. In 1756, Joseph

Dodson reworked the table, linking premium rate to age.

Enter companies...

The first stock companies to get into the business of insurance were chartered in England

in 1720. The year 1735 saw the birth of the first insurance company in the American

colonies in Charleston, SC.

In 1759, the Presbyterian Synod of Philadelphia sponsored the first life insurance

corporation in America for the benefit of ministers and their dependents.

However, it was after 1840 that life insurance really took off in a big way. The trigger:

reducing opposition from religious groups.

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The growing years...

The 19th century saw huge developments in the field of insurance, with newer products

being devised to meet the growing needs of urbanization and industrialization.

In 1835, the infamous New York fire drew people's attention to the need to provide for

sudden and large losses. Two years later, Massachusetts became the first state to require

companies by law to maintain such reserves. The great Chicago fire of 1871 further

emphasized how fires can cause huge losses in densely populated modern cities. The

practice of reinsurance, wherein the risks are spread among several companies, was

devised specifically for such situations.

In the 19th century, many societies were founded to insure the life and health of their

members, while fraternal orders provided low-cost, members-only insurance.

Even today, such fraternal orders continue to provide insurance coverage to members as

do most labor organizations. Many employers sponsor group insurance policies for their

employees, providing not just life insurance, but sickness and accident benefits and old-

age pensions. Employees contribute a certain percentage of the premium for these

policies.

In India...

Insurance in India can be traced back to the Vedas. For instance, yogakshema, the name

of Life Insurance Corporation of India's corporate headquarters, is derived from the Rig

Veda. The term suggests that a form of "community insurance" was prevalent around

1000 BC and practiced by the Aryans.

Burial societies of the kind found in ancient Rome were formed in the Buddhist period to

help families build houses, protect widows and children.

Bombay Mutual Assurance Society, the first Indian life assurance society, was formed in

1870. Other companies like Oriental, Bharat and Empire of India were also set up in the

1870-90s.

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It was during the swadeshi movement in the early 20th century that insurance witnessed

a big boom in India with several more companies being set up.

As these companies grew, the government began to exercise control on them. The

Insurance Act was passed in 1912, followed by a detailed and amended Insurance Act of

1938 that looked into investments, expenditure and management of these companies'

funds.

By the mid-1950s, there were around 170 insurance companies and 80 provident fund

societies in the country's life insurance scene. However, in the absence of regulatory

systems, scams and irregularities were almost a way of life at most of these companies.

As a result, the government decided nationalizes the life assurance business in India. The

Life Insurance Corporation of India was set up in 1956 to take over around 250 life

companies.

For years thereafter, insurance remained a monopoly of the public sector. It was only

after seven years of deliberation and debate - after the RN Malhotra Committee report of

1994 became the first serious document calling for the re-opening up of the insurance

sector to private players -- that the sector was finally opened up to private players in

2001.

The Insurance Regulatory & Development Authority, an autonomous insurance regulator

set up in 2000, has extensive powers to oversee the insurance business and regulate in a

manner that will safeguard the interests of the insured17.

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FUTURE OF INSURANCE IN INDIA

As per a recent report “Indian Insurance Industry Forecast (2007-2009)” published by

RNCOS, it has been found that “Life insurance market in India will likely reach around

Rs 1683 Billion by the year 2009. Changing consumer behavior, GDP growth rate,

changing socio economic demography, and natural calamities occurring from time to

time will remain the key contributors in this growth.”

April 2007, current FY’s first month, saw new businesses expand by 49%, whereas

general insurance players witnessed 16% increase during the same month.

Outstanding performance of SBI Life, ICICI Prudential, and LIC helped the Indian life

insurance industry in mopping up almost Rs 2,892 crore in April this year, whereas it was

Rs 1,996 crore in the same month last year. On the other hand, Reliance Life, ING

Vysya, and Bajaj Allianz were amongst those insurers that came across a decline in their

premium collection over the review period, as per the data compiled by Insurance

Regulatory & Development Authority16.

Selling almost 15, 89,684 policies during this April, LIC - the largest life insurer in India

-witnessed 57% growth in its new premiums that reached to Rs 2,134 crore. LIC grabbed

a market share of almost 71.56% during this April. Non-life or general insurance industry

saw a growth of 16% during this month, and ICICI Lombard was the second largest

player in this segment. Business Standard published this in news on 14 June 2007.

Looking at the current scenario, it can be made out that the four established public-sector

players namely, National Insurance, United India, Oriental Insurance, and New India

Assurance, may have to face stiff competition from private players like Bajaj Allianz,

Reliance General, and ICICI Lombard, as per Business Standard.

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According to RNCOS report “Indian Insurance Industry Forecast (2007-2009)”,

“Performance of life insurance industry remained better in comparison to non life

segment over the five year period spanning 2001-2005. Some qualitative factors, like the

deregulation rate of insurance market, and implementation rate of technologies prevailing

in the market, need to perform up to the industry expectations in order to improve the

growth rate of Indian life insurance market.”

This report provides an objective analysis of all aspects of Indian insurance industry. The

issues addressed in this report include: prospective investment areas in Indian life

insurance industry, market strategies adopted by key players in this segment,

opportunities and challenges present in this industry, and so on15.

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LIFE INSURANCE ADVANTAGES

Some of the life insurance advantages offered by different types of Life Insurance

Policies are:

Life Insurance policies can help secure the future of children for

college/educational purposes as the amount of life Insurance Policy increases on a

minor’s or parent’s life.

Life Insurance provides the option to pass equal assets to the children who are not

active in the Family business at the time the family business is passed on.

The growth of a cash-value policy is tax-deferred - you do not pay taxes on the

cash value accumulation until you withdraw funds from the policy.

Life Insurance helps retain your Business from the loss of a key employee.

Untimely death of a key employee can pose severe financial loss to the business.

A lot of Insurance products presently provide good returns, which could be a

beneficial way for saving necessary funds for retirement years.

Benefits are available immediately and may be used to help pay expenses such as

final illness and funeral costs, eliminating the need to sell estate assets to cover

these costs.

A carefully signed Life Insurance Policy with desired ownership and beneficiary

arrangements helps secure you and your family in the long term15.

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CORPORATE STRUCTURE

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FINANCIAL STRUCTURE

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LITERATURE REVIEW

The literature survey conducted here include the academic books and website. the study

being conducted was “to evaluate the effectiveness of recruitment and selection policy in

relation with increasing attrition problem.”

Gui L, Barriball KL, While AE.

2nd Military Medical University, School of Nursing, Shanghai, PR China.

Job satisfaction among nurses is of concern throughout the world but the

satisfaction of nurse teachers has received less attention and no review of global

research on the topic has been published. A comprehensive literature review

(1976-2007) was undertaken from an international perspective (n=26 papers and

4 doctoral abstracts) to examine the state of knowledge about nurse teachers' job

satisfaction over time. Coverage over the last 30 years was selected to examine if

the level and contributing factors to nurse teachers' job satisfaction have changed

during a time which has seen considerable developments and reorganization of

nurse education as well as the role of nurse teachers. The purpose of this Part I

paper is to: (i) review the different measurements of job satisfaction, (ii) report

the job satisfaction levels of nurse teachers and, (iii) identify the components of

job satisfaction of nurse teachers. This paper provides the foundation for the Part

II paper which reviews the literature regarding the effects and related factors of

nurse teachers' job satisfaction.

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http://www.ncbi.nlm.nih.gov/sites/entrez?Db=pubmed&Cmd=Search&Term=%22While%20AE%22%5BAuthor%5D&itool=EntrezSystem2.PEntrez.Pubmed.Pubmed_ResultsPanel.Pubmed_DiscoveryPanel.Pubmed_RVAbstractPlus

http://www.ncbi.nlm.nih.gov/sites/entrez?Db=pubmed&Cmd=Search&Term=%22Barriball%20KL%22%5BAuthor%5D&itool=EntrezSystem2.PEntrez.Pubmed.Pubmed_ResultsPanel.Pubmed_DiscoveryPanel.Pubmed_RVAbstractPlus

http://www.ncbi.nlm.nih.gov/sites/entrez?Db=pubmed&Cmd=Search&Term=%22Gui%20L%22%5BAuthor%5D&itool=EntrezSystem2.PEntrez.Pubmed.Pubmed_ResultsPanel.Pubmed_DiscoveryPanel.Pubmed_RVAbstractPlus

1. Prasad L.M. “Human resource management” pp219-purpose and

importance of Recruitment & selection can not be ignored as by this org.

2. Bhattacharyya Kumar Dipak, “Human resource management” Excel

books pp166.-what is basically recruitment, its introduction, how to carry out

recruitment..

3. Dwivedi R.S. “Managing Human Resource, Personnel Management”

(Indian enterprises, Galgotia publishing company, New delhi,1st edition,

pp96-97 -what is a recruitment policy .what factors should be include while

formulating.

4. Rao V.S.P, Human Resource Management”, Excel books,1st edition,pp151.

Importance of tests while selecting the candidates for the job, as these tests

help the interviewer to better judge the candidate his competency for the

particular jobs.

5. Bernardin John H, “Human Resource Management”, Tata Mc Graw Hill

publishing company ltd., New Delhi, pp 160-163.the effectiveness of selection

method depends upon the reliability of the data ,validity of the purpose &

utility of the methods.

6. Gulati Ambika, “Training and Management”, vol3, aug07, pp18-19,

Importance of recruitment function in an organisation.

7. Gulati Ambika,” Training and Management”, vol3, june 07,pp46-4 -

changing role of Human Resource

8. Gulati Ambika, “Training and Management”,vol3 a single click for all

recruitment solutions.

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9. Rao Janardhan N, “MBA Review”mar07,pp33-37.-Paradigam shifts in

human resources.

10. Kothari C.B. “Research Methodology-Methods & Techniques”, new age

international research methodology

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OBJECTIVES OF THE STUDY

To find that whether the employees are satisfied or not.

To analyse the company’s working environment.

To check the Degree of satisfaction of employees.

To find that they are satisfied with their job profile or not.

To find that employees are working with their full capabilities or not.

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RESEARCH METHODOLOGY

Research methodology is a way to systematically solve the problem. It may be

understood has a science of studying how research is done scientifically. In it we study

the various steps that all generally adopted by a researcher in studying his research

problem along with the logic behind them.

The scope of research methodology is wider than that of research method.

Meaning of Research

Research is defined as “a scientific & systematic search for pertinent information on a

specific topic”. Research is an art of scientific investigation. Research is a systemized

effort to gain new knowledge. It is a careful inquiry especially through search for new

facts in any branch of knowledge. The search for knowledge through objective and

systematic method of finding solution to a problem is a research.

RESEARCH DESIGN

A research is the arrangement of the conditions for the collections and analysis of the

data in a manner that aims to combine relevance to the research purpose with economy in

procedure. In fact, the research is design is the conceptual structure within which research

is conducted; it constitutes the blue print of the collection, measurement and analysis of

the data. As search the design includes an outline of what the researcher will do from

writing the hypothesis and its operational implication to the final analysis of data.

The design is such studies must be rigid and not flexible and most focus attention on the

following 2;

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Research Design can be categorized as:

The present study is exploratory in nature, as it seeks to discover ideas and insight to brig

out new relationship. Research design is flexible enough to provide opportunity for

considering different aspects of problem under study. It helps in bringing into focus some

inherent weakness in enterprise regarding which in depth study can be conducted by

management.

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TYPES OF RESEARCH DESIGN

EXPLORATORYRESEARCH DESIGN

DESCRIPTIVE & DIAGNOSTIC RESEARCH DESIGN

EXPERIMENTAL RESEARCH DESIGN

DATA COLLECTION

For any study there must be data for analysis purpose. Without data there is no

means of study. Data collection plays an important role in any study. It can be collected

from various sources. I have collected the data from two sources which are given below:

1. Primary Data

Personal Investigation

Observation Method

Information from correspondents

Information from superiors of the organization

2. Secondary Data

Published Sources such as Journals, Government Reports, Newspapers and

Magazines etc.

Unpublished Sources such as Company Internal reports prepare by them given to

their analyst & trainees for investigation.

Websites like KOTAK’S official site, some other sites are also searched to find

data.

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Scope Of The Study

The scope of the study is very vital. Not only the Human Resource department can use

the facts and figures of the study but also the marketing and sales department can take

benefits from the findings of the study.

Scope for the sales department

The sales department can have fairly good idea about their employees,tat they are

satisfied or not.

Scope for the marketing department

The marketing department can use the figures indicating that they are putting their efforts

to plan their marketing strategies to achieve their targets or not.

Scope for personnel department

Some customers have the complaints or facing problems regarding the job. So the

personnel department can use the information to make efforts to avoid such complaints.

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Sample Size :-

Questionare is filled by 20 employees of Kotak life Insurance, Kaithal.

The questionnaire was filled in the office and vital information was collected which was

then subjects to:-

A pilot survey was conducted before finalizing the questionnaire.

Data collection was also done with the help of personal observation.

After completion of survey the data was analysed and conclusion was drawn.

At the end all information was compiled to complete the project report.

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Analysis & Interpretation

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I have been passed up at least once for a promotion in the past few years.

0% 20%

30%

50%

0%

Strongly Agree Agree

Neither Agree nor Disagree Disagree

Strongly Disagree

This graph shows that 0% of employees are strongly agree about the point , 20% of

employees are agree on the point, 30% are neither agree nor disagree,50% are disagree

and rest 0% of employees are strongly disagree.

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I spend parts of my day daydreaming about a better job.

60%15%

15%10% 0%



Strongly Disagree




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I find much of my job repetitive and boring.

75%

10%

10% 5% 0%



Strongly Disagree


employees are agree on the point, 10% are neither agree nor disagree,5% are disagree and

rest 0% of employees are strongly disagree.

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I am mentally and/or physically exhausted at the end of a day at work.

85%

10% 5% 0%0%



Strongly Disagree




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I feel that my job has little impact on the success of the company.

50%

30%

20% 0%0%



Strongly Disagree




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I have an increasingly bad attitude toward my job, boss, and employer

0%0% 20%

60%

20%



Strongly Disagree




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I am no longer given the resources I need to successfully do my job.

10%

30%60%

0%0%



Strongly Disagree




- 40 -

I am not being used to my full capabilities.

0%

40%

20%

40%

0%



Strongly Disagree




- 41 -

I have received no better than "fair" evaluations recently.

40%

35%

25% 0%0%



Strongly Disagree




- 42 -

I feel as though my boss and employer have let me down.

0%0% 10%

55%

35%



Strongly Disagree




- 43 -

I often feel overworked and overwhelmed.

45%

20%

35%

0%0%



Strongly Disagree

This graph shows that 45% of employees are strongly agree about the point, 20% of



- 44 -

I am frequently stressed out at work.

0% 20%

15%

15%

50%



Strongly Disagree




- 45 -

I live for weekends and days away from the job.

0%0% 10%

30%60%



Strongly Disagree




- 46 -

I find myself negatively comparing my situation to my peers.

0% 15%

25%

40%

20%



Strongly Disagree




- 47 -

I feel my bad days at work outweigh the good ones.

25%

30%

45%

0%0%



Strongly Disagree




- 48 -

I often experience a sensation of time standing still when I am at work.

15%

35%30%

20% 0%



Strongly Disagree




- 49 -

I have been told that I am becoming a more cynical person.

10%

25%

30%

35%

0%

Strongly Agree

Agree

Neither Agree norDisagree

Disagree

Strongly Disagree




- 50 -

I feel as though my employer has broken promises about my future with the organization.

0% 10%

25%

25%

40%



Strongly Disagree




- 51 -

I have lost sight of my career goals and aspirations.

15%

25%

45%

15% 0%



Strongly Disagree




- 52 -

I no longer feel valued for my work.

25%

25%20%

20%

10%



Strongly Disagree




- 53 -

Findings

o Employees are not completely satisfied with their job although their salary

is good enough.

o Employes are not getting value to their work.

o Most of employees think that they are nt on their actual path.

o Most of the employees think that the organization haven’t fulfill their

promises,what they do in beginning especially regarding Promotion.

o There is negatively comparison between peers especially regarding

targets.

o They often feel overworked.

- 54 -

SUGGESTIONS AND RECOMMENDATIONS

To increase the job satisfaction level of the employees the company should concentrate

mainly on the incentive and reward structure rather than the

motivational session.

Ideal employees should concentrate on their job.

Educational qualification can be the factor of not an effective job.

Company should give promotion to those employees who deserves it.

- 55 -

LIMITATIONS OF STUDY

However I shall try my best in collecting the relevant information for my research report,

yet there are always some problems faced by the researcher. The prime difficulties which

I face in collection of information are discussed below:-

1. Short time period: The time period for carrying out the research was short as a

result of which many facts have been left unexplored.

2. Lack of resources: Lack of time and other resources as it was not possible to

conduct survey at large level.

3. Small no. of respondents: Only 20 employees have been chosen which is a

small number, to represent whole of the population.

4. Unwillingness of respondents: While collection of the data many consumers

were unwilling to fill the questionnaire. Respondents were having a feeling of

wastage of time for them.

5. Small area for research: The area for study was Kaithal, which is quite a small

area to judge job satisfaction level.

- 56 -

BIBLIOGRAPHY

BOOKS

1. Kothari C.R., Research Methodology, New Delhi; New Age International

Publication, second edition.

2. Ashwathapa K., Human Resource Management (third edition), Tata Mc Graw Hill

Publication Company Ltd. Page no. 81-136,171,179,267,284.

3. Chhabra. , T. N. Human Resource Management ,Dhanpat Rai $Co(P)Ltd. India,ninth

edition.

4. Monnapa Arun., Human Resource Management ,Tata Mc Graw Hill Publication

Company Ltd.

WEBSITES:-

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c. www.irda.org/insurance/benefits-kotak,-ind

d. www.ask.com-/meaning-insurance/history//-

e. www.ibef.org/industry/insurance-trend/in

- 57 -

http://www.irda.org/insurance/benefits-kotak,-ind

http://www.kotak.com/coms2/product-compint-0000950756-page.html

http://www.kotaklifeinsurance.com/home/products

ANNEXURE

QUESTIONNAIRE

NAME: ………………………………………….DESIGNATION: ……………………………….COMPANY: …………………………………….

1. I have been passed up at least once for a promotion in the past few years.

Strongly Agree

Agree

Neither Agree nor Disagree

Disagree

Strongly Disagree

2. I spend parts of my day daydreaming about a better job.

Strongly Agree

Agree


Disagree

Strongly Disagree

3. I find much of my job repetitive and boring.

Strongly Agree

Agree


Disagree

Strongly Disagree

- 58 -

4. I am mentally and/or physically exhausted at the end of a day at work.

Strongly Agree

Agree


Disagree

Strongly Disagree

5. I feel that my job has little impact on the success of the company.

Strongly Agree

Agree


Disagree

Strongly Disagree

6. I have an increasingly bad attitude toward my job, boss, and employer .

Strongly Agree

Agree


Disagree

Strongly Disagree

7. I am no longer given the resources I need to successfully do my job.

Strongly Agree

Agree


Disagree

Strongly Disagree

8. I am not being used to my full capabilities.

- 59 -

Strongly Agree

Agree


Disagree

Strongly Disagree

9. I have received no better than "fair" evaluations recently.

Strongly Agree

Agree


Disagree

Strongly Disagree

10. I feel as though my boss and employer have let me down.

Strongly Agree

Agree


Disagree

Strongly Disagree

11. I often feel overworked and overwhelmed.

Strongly Agree

Agree


Disagree

Strongly Disagree

12. I am frequently stressed out at work.

- 60 -

Strongly Agree

Agree


Disagree

Strongly Disagree

13. I live for weekends and days away from the job.

Strongly Agree

Agree


Disagree

Strongly Disagree

14. I find myself negatively comparing my situation to my peers.

Strongly Agree

Agree


Disagree

Strongly Disagree

15. I feel my bad days at work outweigh the good ones.

Strongly Agree

Agree


Disagree

Strongly Disagree

16. I often experience a sensation of time standing still when I am at work.

- 61 -

Strongly Agree

Agree


Disagree

Strongly Disagree

17. I have been told that I am becoming a more cynical person.

Strongly Agree

Agree


Disagree

Strongly Disagree

18. I feel as though my employer has broken promises about my future with the

organization.

Strongly Agree

Agree


Disagree

Strongly Disagree

19. I have lost sight of my career goals and aspirations.

Strongly Agree

Agree


Disagree

Strongly Disagree

20. I no longer feel valued for my work.

Strongly Agree

- 62 -

Agree


Disagree

Strongly Disagree

- 63 -