rm_rbl
DESCRIPTION
Research project on RBL BankTRANSCRIPT
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Index
Sr. No Particulars Page No
1 Introduction 2
2 Objectives Of The Study 5
3 Organization Culture 6
4 Organizational Effectiveness 7
5 Employee Engagement 8
6 Methodology, Procedure, Instructions 10
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Data Collected, Quantification &
Inference 11
8 Conclusion, Scope, Recommendations 33
9 Bibliography 35
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Research Methodology
Introduction
Research is a logical and systematic search for new and useful information on a particular
topic.
What are the Objectives of Research?
The prime objectives of research are
1. To discover new facts
2. To verify and test important facts
3. To analysis an event or process or phenomenon to identify the cause and effect
relationship
4. To develop new scientific tools, concepts and theories to solve and understand
scientific and nonscientific problems
5. To find solutions to scientific, nonscientific and social problems and
6. To overcome or solve the problems occurring in our everyday life.
What Makes People do Research?
This is a fundamentally important question. No person would like to do research unless there
are some motivating factors. Some of the motivations are the following:
1. To get a research degree (Doctor of Philosophy (Ph.D.)) along with its benefits like
better employment, promotion, increment in salary, etc.
2. To get a research degree and then to get a teaching position in a college or university
or become a scientist in a research institution
3. To get a research position in countries like U.S.A., Canada, Germany, England, Japan,
Australia, etc. and settle there
4. To solve the unsolved and challenging problems
5. To get joy of doing some creative work
6. To acquire respectability
7. To get recognition
8. Curiosity to find out the unknown facts of an event
9. Curiosity to find new things
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10. To serve the society by solving social problems.
Some students undertake research without any aim possibly because of not being able to
think of anything else to do. Such students can also become good researchers by
motivating themselves toward a respectable goal. As pointed out by Prof. Rajesh
Kasturirangan (NIAS,IISc) even if you work in a company or run a company, a mind
inclined towards research would do better than a mind not trained for it and it was like the
story of the hare and the tortoise. If you have a mind trained for research, you will be the
tortoise – the climb would be slow and steady, but eventually you would win the race.
Importance of Research
Research is important both in scientific and nonscientific fields. In our life new problems,
events, phenomena and processes occur every day. Practically, implementable solutions and
suggestions are required for tackling new problems that arise. Scientists have to undertake
research on them and find their causes, solutions, explanations and applications. Precisely,
research assists us to understand nature and natural phenomena.
Some important avenues of research are:
1. A research problem refers to a difficulty which a researcher or a scientific community
or an industry or a government organization or a society experiences. It may be a
theoretical or a practical situation. It calls for a thorough understanding and possible
solution.
2. Research on existing theories and concepts help us identify the range and applications
of them.
3. It is the fountain of knowledge and provide guidelines for solving problems.
4. Research provides basis for many government policies. For example, research on the
needs and desires of the people and on the availability of revenues to meet the needs
helps a government to prepare a budget.
5. It is important in industry and business for higher gain and productivity and to
improve the quality of products.
6. Mathematical and logical research on business and industry optimizes the problems in
them.
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7. It leads to the identification and characterization of new materials, new living things,
new stars, etc.
8. Only through research inventions can be made; for example, new and novel
phenomena and processes such as superconductivity and cloning have been
discovered only through research.
9. Social research helps find answers to social problems. They explain social phenomena
and seek solution to social problems.
10. Research leads to a new style of life and makes it delightful and glorious.
Emphasizing the importance of research Louis Pasteur said: I beseech you to take
interest in these sacred domains called laboratories. Ask that there be more and that
they be adorned for these are the temples of the future, wealth and well-being. It is
here that humanity will learn to read progress and individual harmony in the works of
nature, while humanity’s own works are all too often those of barbarism, fanaticism
and destruction.
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OBJECTIVES OF THE STUDY
The objective of the study is the purpose for which the study is conducted and it is
undertaken. The objective decides the procedure and the path, which will be taken for the
study. The objective is the base on which the foundation of the study is built. The objective
should be decided with utmost concentration and due consideration.
The objective of our study is:
To analyze the organizational culture in RBL Bank
To analyze the employee engagement in RBL Bank
To analyze organizational effectiveness in RBL Bank
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ORGANIZATIONAL CULTURE
Organizational culture is a concept in the field of Organizational studies and management,
which describes the attitudes, experiences, beliefs, and values of an organization. It has been
defined as "the specific collection of values and norms that are shared by people and groups
in an organization and that control the way they interact with each other and with
stakeholders outside the organization
Strong culture is said to exist where staff respond to stimulus because of their alignment to
organizational values.
Conversely, there is weak culture where there is little alignment with organizational values
and control must be exercised through extensive procedures and bureaucracy.
Where culture is strong—people do things because they believe it is the right thing to do—
there is a risk of another phenomenon, Groupthink. Irving L. Janis described “Groupthink”.
He defined it as "...a quick and easy way to refer to a mode of thinking that people engage
when they are deeply involved in a cohesive in-group, when members' strivings for
unanimity override their motivation to realistically appraise alternatives of action." This is a
state where people, even if they have different ideas, do not challenge organizational
thinking, and therefore there is a reduced capacity for innovative thoughts. This could occur,
for example, where there is heavy reliance on a central charismatic figure in the organization,
or where there is an evangelical belief in the organization’s values, or also in groups where a
friendly climate is at the base of their identity (avoidance of conflict). In fact groupthink is
very common, it happens all the time, in almost every group. Members that are defiant are
often turned down or seen as a negative influence by the rest of the group, because they bring
conflict.
Innovative organizations need individuals who are prepared to challenge the status quo—be it
groupthink or bureaucracy, and also need procedures to implement new ideas effectively.
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ORGANIZATIONAL EFFECTIVENESS
Organizational effectiveness is the concept of how effective an organization is in achieving
the outcomes the organization intends to produce. The idea of organizational effectiveness is
especially important for non-profit organizations as most people who donate money to non-
profit organizations and charities are interested in knowing whether the organization is
effective in accomplishing its goals.
An organization's effectiveness is also dependent on its communicative competence and
ethics. The relationship between these three is simultaneous. Ethics is a foundation found
within organizational effectiveness. An organization must exemplify respect, honesty,
integrity and equity to allow communicative competence with the participating members.
Along with ethics and communicative competence, members in that particular group can
finally achieve their intended goals.
Organizational effectiveness is an abstract concept and is basically impossible to measure.
Instead of measuring organizational effectiveness, the organization determines proxy
measures, which will be used to represent effectiveness. Proxy measures used may include
such things as number of people served, types and sizes of population segments served, and
the demand within those segments for the services the organization supplies.
For instance, a non-profit organization which supplies meals to house bound people may
collect statistics such as the number of meals cooked and served, the number of volunteers
delivering meals, the turnover and retention rates of volunteers, the demographics of the
people served, the turnover and retention of consumers, the number of requests for meals
turned down due to lack of capacity (amount of food, capacity of meal preparation facilities,
and number of delivery volunteers), and amount of wastage. Since the organization has as its
goal the preparation of meals and the delivery of those meals to house bound people, it
measures its organizational effectiveness by trying to determine what actual activities the
people in the organization do in order to generate the outcomes the organization wants to
create.
Activities such as fundraising or volunteer training are important because they provide the
support needed for the organization to deliver its services but they are not the outcomes per
se. These other activities are overhead activities, which assist the organization in achieving its
desired outcomes.
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EMPLOYEE ENGAGEMENT
Employee engagement is a concept that is generally viewed as managing discretionary effort,
that is, when employees have choices, they will act in a way that furthers their organization's
interests. An engaged employee is a person who is fully involved in, and enthusiastic about,
his or her work.
Engaged employees care about the future of the company and are willing to invest the
discretionary effort. Engaged employees feel a strong emotional bond to the organization that
employs them.
FACTORS AFFECTING EMPLOYEE ENGAGEMENT:
1. Employee perceptions of job importance.
2. Employee clarity of job expectations. "If expectations are not clear and
basic materials and equipment not provided, negative emotions such as boredom or
resentment may result, and the employee may then become focused on surviving
more than thinking about how he can help the organizations succeed."
3. Career advancement/improvement opportunities. "Plant supervisors and managers
indicated that many plant improvements were being made outside the suggestion
system, where employees initiated changes in order to reap the bonuses generated by
the subsequent cost savings."
4. Regular feedback and dialogue with superiors. "Feedback is the key to giving
employees a sense of where they’re going, but many organizations are remarkably
bad at giving it. "'What I really wanted to hear was 'Thanks. You did a good job.' But
all my boss did was hand me a check.'
5. Quality of working relationships with peers, superiors, and subordinates. "...If
employees' relationship with their managers is fractured, then no amount of perks will
persuade the employees to perform at top levels. Employee engagement is a direct
reflection of how employees feel about their relationship with the boss."
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6. Perceptions of the ethos and values of the organization
7. Effective Internal Employee Communications - which convey a clear description of
"what's going on". "'If you accept that employees want to be involved in what they are
doing then this trend is clear (from small businesses to large global organizations).
The effect of poor internal communications is seen as its most destructive in global
organizations which suffer from employee annexation - where the head office in one
country is buoyant (since they are closest to the action, know what is going on, and
are heavily engaged) but its annexes (who are furthest away from the action and know
little about what is happening) are dis-engaged. In the worst case, employee
annexation can be very destructive when the head office attributes the annex's low
engagement to its poor performance... when its poor performance is really due to its
poor communications.
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METHODOLOGY OF THE STUDY
Methodology refers to more than a simple set of methods; rather it refers to the rationale
and the philosophical assumptions that underlie a particular study. This is why scholarly
literature often includes a section on the methodology of the researchers.
For the purpose of this study, the type of research undertaken was primary research,
which comprised of collecting information through questionnaires from the selected
sample. Primary research is more detailed and it involves getting close information from
the sample directly.
PROCEDURE OF THE STUDY:
The study was conducted by getting questionnaires filled by RBL Bank employees. Then
the data collected was tabulated and various tools like SPSS and Microsoft Excel were
used for the quantification of the data collected.
INSTRUCTIONS GIVEN `TO SAMPLE INDIVIDUALS:
The employees of RBL Bank, who were selected as a part of the sample, were told to fill
the questionnaires with legitimate details in the questionnaire. The sample individuals
were also requested to give the true and fair picture of the organization and the working
environment of the organization, as this would help us in getting a fair picture of the
organization and help us get the true findings from the study.
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DATA COLLECTED, QUANTIFICATION AND INFERENCE
QUESTIONNAIRE – 1—EMPLOYEE ENGAGEMENT
QUESTION -- 1
Does your work group plan together and coordinate its efforts?
Frequency Percent Valid Percent Cumulative Percent
Indifferent 1 10.0 10.0 10.0
Agree 8 80.0 80.0 90.0
Strongly agree 1 10.0 10.0 100.0
Total 10 100.0 100.0
INFERENCE: From the above findings of the question, the inference that can be drawn is
that most of the employees think or consider that there is planning and coordination among
he various workgroup of the organization. 80% of the total sample agree that there is
planning and coordination among the various workgroups in an organization.
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QUESTION-- 2
Does your work group make good decisions and solve problems well?
Frequency Percent Valid Percent Cumulative Percent
Indifferent 1 10.0 10.0 10.0
Agree 6 60.0 60.0 70.0
Strongly agree 3 30.0 30.0 100.0
Total 10 100.0 100.0
INFERENCE: The inference drawn is that a majority of the employees feel that their
workgroup makes good decisions and solves problems well. But there is no one who is
against this statement.
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QUESTION – 3
Do you have confidence and trust in the persons in your workgroup?
INFERENCE: The answer to this question came as a mixed response. Same proportion of
individuals agreed strongly and was indifferent about it. But, the difference between those
who agree and disagree is only 10%, which shows that there is distrust among individuals in
the workgroups.
Frequency Percent Valid Percent Cumulative Percent
Valid Disagree 2 20.0 20.0 20.0
Indifferent 3 30.0 30.0 50.0
Agree 2 20.0 20.0 70.0
Strongly agree 3 30.0 30.0 100.0
Total 10 100.0 100.0
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QUESTION – 4
Overall, are you satisfied with your boss?
INFERENCE: Most of the employees (80%) are satisfied with their bosses.
The rest must have expected more or less from their boss
Frequency Percent Valid Percent Cumulative Percent
Valid Indifferent 2 20.0 20.0 20.0
Agree 6 60.0 60.0 80.0
Strongly agree 2 20.0 20.0 100.0
Total 10 100.0 100.0
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QUESTION -- 5
Are you satisfied with this organization?
Frequency Percent Valid Percent Cumulative Percent
Valid Indifferent 1 10.0 10.0 10.0
Agree 7 70.0 70.0 80.0
Strongly agree 2 20.0 20.0 100.0
Total 10 100.0 100.0
INFERENCE: A majority of the employees (90%), are satisfied with the organization. Only
10% are indifferent and there is no one who is dissatisfied.
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QUESTION -- 6
Are you satisfied with the progress you have made in this organization up till now?
Frequency Percent Valid Percent Cumulative Percent
Valid Disagree 1 10.0 10.0 10.0
Indifferent 2 20.0 20.0 30.0
Agree 5 50.0 50.0 80.0
Strongly agree 2 20.0 20.0 100.0
Total 10 100.0 100.0
INFERENCE: A majority of the employees are satisfied with the progress they have made
in the organization. This proves that the organization provides ample growth opportunities to
its employees.
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QUESTION – 7
The team has enough freedom to decide its sway of working
Frequency Percent Valid Percent
Cumulative
Percent
Valid Strongly disagree 1 10.0 10.0 10.0
Disagree 1 10.0 10.0 20.0
Indifferent 5 50.0 50.0 70.0
Agree 3 30.0 30.0 100.0
Total 10 100.0 100.0
INFERENCE: Not many employees feel there is enough freedom in the teams in the
organization to do the work at their comfort zone
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QUESTION -- 8
The sense of responsibility and accountability is pretty high amongst the team members?
Frequency Percent Valid Percent
Cumulative
Percent
Valid
Disagree 1 10.0 10.0 10.0
Indifferent 2 20.0 20.0 30.0
Agree 5 50.0 50.0 80.0
Strongly agree 2 20.0 20.0 100.0
Total 10 100.0 100.0
INFERENCE: The above data shows that there is a high sense of responsibility among the team
members and that the team members are responsible about their tasks.
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Questionnaire 2 – EMPLOYEE ENGAGEMENT
(a) The size of a room and its furniture, is according to a person's rank
Frequency Percent
Valid
Percent
Cumulative
Percent
Accurate 3 30.0 30.0 30.0
Good
description 1 10.0 10.0 40.0
Not so true 4 40.0 40.0 80.0
Least true 2 20.0 20.0 100.0
Total 10 100.0 100.0
INFERENCE: In the organization employee’s cabins are not according to the person’s rank.
There are open cabins being used by all the employees, which promote informality in
communication between employees.
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(b) People believe there are too many external constraints, which are difficult
to fight
Frequency Percent Valid Percent Cumulative Percent
Accurate 3 30.0 30.0 30.0
Least true 7 70.0 70.0 100.0
Total 10 100.0 100.0
INFERENCE:
During our survey we found out that the employees of RBL Bank believes that it is not
difficult to fight external constraints, they can be easily overcome.
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(C) The leaders here expect to be implicitly obeyed.
Frequency Percent Valid Percent
Cumulative
Percent
Accurate 1 10.0 10.0 10.0
Good
description 1 10.0 10.0 20.0
Not so true 5 50.0 50.0 70.0
Least true 3 30.0 30.0 100.0
Total 10 100.0 100.0
INFERENCE:
In the organization there is a friendly and informal environment the leaders here don’t expect
to be implicitly obeyed.
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(D) The leaders here are role models for their people
Frequency Percent Valid Percent
Cumulative
Percent
good
description 2 20.0 20.0 20.0
not so true 5 50.0 50.0 70.0
least true 3 30.0 30.0 100.0
Total 10 100.0 100.0
INFERENCE::
In the organization employees believe that the leaders are not role models for their people.
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(e) In meetings, seats for those at top are fixed. Generally, meetings are not held without
top managers.
Frequency Percent Valid Percent
Cumulative
Percent
Accurate 2 20.0 20.0 20.0
good
description 2 20.0 20.0 40.0
not so true 1 10.0 10.0 50.0
least true 5 50.0 50.0 100.0
Total 10 100.0 100.0
INFERENCE: In the organization basically there is an informal environment. For example
during meetings no fixed sitting plans are formed.
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(f) Rules and regulations are given high importance
Frequency Percent
Valid
Percent
Cumulative
Percent
Accurate 1 10.0 10.0 10.0
good
description 5 50.0 50.0 60.0
not so true 1 10.0 10.0 70.0
least true 3 30.0 30.0 100.0
Total 10 100.0 100.0
INFERENCE: In the organization a majority of employees believe that rules and regulations
are given high importance, which means that there is discipline in the organization.
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(g) People communicate with one another to solve problems.
Frequency Percent Valid Percent Cumulative Percent
Accurate 6 60.0 60.0 60.0
good
description 2 20.0 20.0 80.0
not so true 2 20.0 20.0 100.0
Total 10 100.0 100.0
INFERENCE:
In the organization employees coordinate and communicate with one another to solve
problems. Which shows that in the organization there is team work and unity while solving
problems.
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(h) A lot of attention is given to updating technology.
Frequency Percent Valid Percent
Cumulative
Percent
Accurate 4 40.0 40.0 40.0
good
description 3 30.0 30.0 70.0
not so true 2 20.0 20.0 90.0
least true 1 10.0 10.0 100.0
Total 10 100.0 100.0
INFERENCE:During our survey we found out that the employees feel that RBL Bank pays
a lot of attention to updating technology.
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QUESTIONNAIRE -- EMPLOYEE EFFECTIVENESS
QUESTION – 1
Do you know what is expected of you at work?
Frequency Percent Valid Percent Cumulative Percent
very much 7 70.0 70.0 70.0
Much 2 20.0 20.0 90.0
very little 1 10.0 10.0 100.0
Total 10 100.0 100.0
INFERENCE: About 70% of the people know exactly what organization expect from them,
20% more or less know, and only few of them are unaware of it. On the whole every
employee of the firm is aware of their work.
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QUESTION - 2
Do you have the materials and equipment you need to do your work right?
Frequency Percent Valid Percent Cumulative Percent
very much 2 20.0 20.0 20.0
much 6 60.0 60.0 80.0
somewhat 1 10.0 10.0 90.0
Little 1 10.0 10.0 100.0
Total 10 100.0 100.0
INFERENCE: Most of the employees are fully satisfied with the avaibility of the materials
and equipment’s, most of the employee are not fully but still satisfied and rare of them think
that materials and equipment’s are not unto the mark.
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QUESTION - 3
At work, do you have the opportunity to do what you do best everyday ?
Frequency Percent Valid Percent Cumulative Percent
very
much 2 20.0 20.0 20.0
much 5 50.0 50.0 70.0
somewhat 3 30.0 30.0 100.0
Total 10 100.0 100.0
INFERENCE: Not very much employee feels that they get the opportunity to deliver their
best (20%), majority of population feels that they get enough opportunity, but still a bunch of
people doesn’t feel like that.
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QUESTION - 4
Does your supervisor, or someone at work, seems to care about you as a person?
Frequency Percent Valid Percent Cumulative Percent
very much 3 30.0 30.0 30.0
Much 3 30.0 30.0 60.0
Somewhat 3 30.0 30.0 90.0
Little 1 10.0 10.0 100.0
Total 10 100.0 100.0
INFERENCE: Here we got a very mix reaction almost equal in every respect. 30%
employee feel that they get full support and help from their superior,30% feels they get
enough support, 40%(30%+10%) feel they get little or no support.
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QUESTION – 5
Is there someone at work who encourages your development?
Frequency Percent Valid Percent Cumulative Percent
very much 3 30.0 30.0 30.0
much 5 50.0 50.0 80.0
somewhat 1 10.0 10.0 90.0
Little 1 10.0 10.0 100.0
Total 10 100.0 100.0
INFERENCE: Most of the people feels that they are encouraged by someone. and only few
think that there is no one to encourage them.
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QUESTION - 11
In the last six months, has someone at work talked to you about your progress?
Frequency Percent Valid Percent Cumulative Percent
very much 2 20.0 20.0 20.0
Much 4 40.0 40.0 60.0
Somewhat 2 20.0 20.0 80.0
Little 2 20.0 20.0 100.0
Total 10 100.0 100.0
INFERENCE: More than 50% employee says that there are someone who constantly talked
about their progress in last 6 months, and 40% feels not so many or no one had talked to them
regarding the progress.
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CONCLUSION
We see that nearly all the employees of the firm feel that there is employee engagement,
organization effectiveness and organization culture. This means that the employees feel that
they have a shared set of values, beliefs and thought. Apart from this we even see that the
employees feel that there is good team spirit among them.
SCOPE OF IMPROVEMENT:
Although we see that majority of the employees feel that the organization has an effective
culture and the employees even appreciate their teamwork but if we analyze the
questionnaires deeply we see that some of the employees are still not satisfied with their
organization. Thus in order to improve the present situation the organization needs to fulfill
all the employees’ aspirations. This the firm can do in many ways:
Recommendations
A career path that provides opportunities for advancement.
Better management and effective communications.
Reasonable workload.
Engage by concentrating on four areas- selection, expectation, motivation and
development.
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CONCLUSION
On the basis of the survey done by us we have come to the following conclusion.
Organization Culture
In RBL BANK, culture plays a significant role. The firm already has a good organization
culture according to the survey done by us. Organization culture is the unifying and shared
patterns of thoughts, freely value and action that serve to bind together organizational
members and distinguish them from non-members. Thus we see that in RBL, the organization
takes care of most of the employees.
Employee Engagement
Employee engagement is a two-way communication processes between the employees the
organization. After scrutinizing the questionnaire we see that RBL BANK has an effective
employee engagement. The employees in this firm can readily relate themselves to the
organization. The employees in this organization feel more engaged when they make unique
contribution to the organization. The employee structure of RBL BANK is very loyal to the
firm (according to the calculation done). There is little among them and we see that the
employees perceive themselves as being unified with the organization.
Organizational Effectiveness.
By organizational effectiveness, we mean how effective an organization is to achieve its goal.
In the context of RBL BANK, we perceive that the firm has a sound management, strong
governance and a willful dedication to achieve its specific goals. Most of the employees
agree with the fact that the organization is effective to accomplish its target in time.
METHODOLOGY
The sample study was conducted on sample size of 10. Samples were employees from all
managerial level Of RBL BANK.
Aim
To find the deviation in the responses given by the employees and interpreting and analyzing
there responses to questionnaires on the above mentioned parameters.
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Parameter of analysis
1. Organizational culture
2. Employee engagement
3. Organization effectiveness.
PROCESS
1. Review of literature
2. Employees personal interview and getting fixed questionnaires.
3. Sorting and classification of questionnaire
4. Creating database using excel sheet, SPSS.
5. Calculation of MODE of individual data.
6. Analyzing interpreting and graphical representation of the collected data.
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Bibliography
http://www.google.co.in/search?hl=en&q=employee+blogs+on+rbl+bank&meta
http://www.cuil.com/
http://www.wikipedia.org/
www.blackle.com
https://en.wikipedia.org/wiki/Methodology
http://arxiv.org/pdf/physics/0601009.pdf
http://www.socscidiss.bham.ac.uk/methodologies.html