PROJECT REPORT ON A Study on Employee Satisfaction in the IT Industry Submitted in partial fulfillment of requirement of Bachelor of Commerce (Hons.) B. COM (Hons.) BCOM VI Semester Batch 2013-2016 Submitted to: Ms. Pooja Rana Assistant Professor Submitted by: Arnav Tripathi 00814188813 JAGANNATH INTERNATIONAL MANAGEMENT SCHOOL, KALKAJI 1 CERTIFICATE OF COMPLETION TO WHOMESOEVER IT MAY CONCERN This is to certify that Arnav Tripathi; Enrollment No: 00814188813, Student of B.com (hons) [2013-2016], JIMS, Kalkaji, New Delhi, has successfully project on – “A Study on Employee Satisfaction in the IT Industry”. This project has been corrected by me. His work is up to my satisfaction and worth appreciation. Pooja Rana (Internal Project Guide) 2 STUDENT’S UNDERTAKING DECLARATION I, ARNAV TRIPATHI hereby declare that the project entitled “A Study on EMPLOYEE SATISFACTION IN THE IT INDUSTRY” is the original work done by me and the information provided in the study is authentic to the best of my knowledge. This study report has not been submitted to any other institution or university for the award of any other degree. STUDENT NAME: PROJECT GUIDE: ARNAV TRIPATHI POOJA RANA (00814188813) (Internal Project Guide) 3 ACKNOWLEDGEMENT “A lot of effort has gone into this project report I am using this opportunity to express my gratitude to everyone who supported me throughout the course of this Project. I am thankful for their aspiring guidance, invaluably constructive criticism and friendly advice during the project work. I am sincerely grateful to them for sharing their truthful and illuminating views on a number of issues related to the project. I express my deepest and most sincere thanks to Ms Pooja Rana (Faculty Guide) for providing me materials inputs, support and proper guidance which was necessary to complete this Project. Finally I would like to thank everyone at Jagannath International Management School including the esteemed Professors and the Administration department for the encouragement and guidance provided by them. I hereby certify that this is my original work and it has never been submitted elsewhere. Thank you, Arnav Tripathi [B.com (HONS), JIMS, Kalkaji] 4 CONTENTS SNO. TOPIC PAGE NO. 1 DECLARATION 3 2 ACKNOWLEDGEMENT 4 3 INTRODUCTION 7-10 4 COMPANY PROFILE 11-16 5 INDIAN IT INDUSTRY AT 17-22 A GLANCE 6 INDIAN BPO INDUSTRY 23-25 AT A GLANCE 7 OBJECTIVES 26 8 RESEARCH 27-29 METHODOLOGY 9 ANALYSIS AND 30-53 FINDINGS 10 LIMITATIONS 11 RECOMMENDATIONS 54 55-58 AND CONCLUSIONS 12 APPENDICES 5 59-64 FIGURES Figure no. Topic Page No. 1 Structure of Wipro 15 2 Geographical Location 16 3 Period of working 30 4 Income of employees 31 5 Working period and 33 monthly salary 6 Monetary and non 34 monetary benefits 7 Satisfaction of employees 35 in the organisation 8 Level of satisfaction 36 9 Preference of employees 37 10 38 11 opinion on work environment Culture and policies 12 Preference on salary 40 39 hikes 13 Teamwork & cooperation 41 14 Preference on training 42 15 Performance evaluation 43 16 Praise and recognition 44 17 Manager feedback 45 18 opinion on growth oppor. 46 19 satisfaction with perks & 47 benefits 20 manager’s support 48 21 opinion on nature of work 49 22 opinion on work life bal. 1 50 23 opinion on work life bal. 2 51 24 opinion on accountability 52 25 Overall job satisfaction 53 6 CHAPTER-1 INTRODUCTION “People don't leave their jobs, they leave their managers." Although committed and loyal employees are the most influential factor to becoming an employer of choice, it's no surprise that companies and organizations face significant challenges in developing energized and engaged workforces. However, there is plenty of research to show that increased employee commitment and trust in leadership can positively impact the company's bottom line. In fact, the true potential of an organization can only be realized when the productivity level of all individuals and teams are fully aligned, committed and energized to successfully accomplish the goals of the organization. As a result, the goal of every company should be to improve the desire of employees to stay in the relationship they have with the company. When companies understand and manage employee loyalty - rather than retention specifically - they can reap benefits on both sides of the balance sheet i.e., revenues and costs. On the revenue side of the balance sheet, loyal and committed employees are more likely to go "above and beyond" to meet customer needs and are highly motivated to work to the best of their ability. On the cost side, loyal employees stay longer, resist competitive job offers, do not actively look for other employment and recommend the company to others as a good place to work. These four behaviors positively influence the cost side of the balance sheet. In other words, rather than focusing only on retention (that is, trying to retain employees who have already decided to leave), organizations should proactively recognize the benefits of understanding, managing and improving employee satisfaction. The most successful organizations are those that can adapt their organizational behavior to the realities of the current work environment where success is dependent upon innovation, creativity and flexibility. One of the key steps to understanding and improving employee satisfaction is by acknowledging the importance of the following factors in building loyalty and satisfaction: Broadly-defined responsibilities rather than narrowly-defined job functions Effective and regular performance evaluations, both formally and informally A corporate emphasis on employee learning, development and growth Wide-ranging employee participation in the organization as a whole. Typically, a combination of factors influences employees' decisions to stay at their current job. Contributing factors include satisfying work, a sense of job security, clear opportunities for advancement, a compelling corporate mission combined with the ability to contribute to the organization's success, and a feeling that their skills are being effectively used and challenged. Specifically, employees who enjoy their work 7 identify themselves with their employer and perceive that the company is flexible regarding work and family issues also intend to stay with the organization. In particular, consider the following elements of effective strategies designed to build satisfaction and retain key employees: Include opportunities for personal growth and invest heavily in the professional development of the best people in the organization. Provide employees with well-defined career paths (including a succession plan), mentors and tuition reimbursement for job-related education. Train employees, even if it makes them more attractive to the competition. Without seeing an opportunity on the horizon, few high potential employees will stay with a company and allow themselves to grow stagnant. Acknowledge non-work priorities by recognizing and responding to employees' needs for greater balance in their lives, since employees will develop loyalty for organizations that respect them as individuals, not just as workers. Definitions of Employee Satisfaction: The term Employee Satisfaction was brought to limelight in 1935.the studies conducted prior to 1933 by Hoppock observed that Employee Satisfaction is combination of psychological, physiological and environment circumstances that cause a person to say “I am satisfied with my job”. Some of the definitions of Employee Satisfaction: 1. Employee satisfaction is defined as “a pleasurable or positive emotional state resulting from the appraisal of one’s job or job experience”. 2. Employee satisfaction is “a set of favorable or unfavorable feelings with which employees view their work”. 3. Employee Satisfaction will be as “the amount of overall positive affect (or feelings) that individuals have towards their jobs. 8 Need for the Study Why Measure Employee Satisfaction A company is only as strong and successful as its members, its employees, are. By measuring employee satisfaction in key areas, organizations can gain the information needed to improve employee satisfaction, retention, and productivity. However, a recent study by the Society of Human Resource Management (SHRM) indicated that often the HR department's perceptions of employee satisfaction versus the true measure of employee satisfaction are not always in sync . Employees who aren’t satisfied with their jobs are very likely to leave. If they don’t leave they can become a source of bad morale and do a great deal of harm in the organization. In many cases employers without proper data will assume the wrong reasons for employee dissatisfaction. Many bosses will automatically think that money is the top reason for leaving a job. Wouldn’t it be better to have real data and react accordingly? Surveying employees on a regular basis is a great way to stay in touch with the pulse of the business. Before launching a survey though it is important to establish the ground rules . Many employees will be unwilling to express their honest feelings if they think they will be singled out. Make sure that the surveys are conducted with anonymity. Be certain to have the support of company management all the way to the top. Employees want to know that the leadership is behind the survey and that their response will be taken seriously. Explain that employee comments are important to the company. State what will be done with the results. And then live up to those statements. Employees will become doubtful of management’s intentions if they don’t follow through. There are many resources to assist companies in the survey process. However most human resource managers are very capable of designing and conducting their own employee satisfaction survey. The need to survey is greater when one or more of the following factors are present. Rapidly growing organization When an organization is growing quickly, it is critical to find out how employees feel about their jobs, the organization, and their fit and future within it. High or growing turnover rate While some industries have a naturally high turnover, growing turnover is a problem for any organization. If your absolute level of turnover exceeds the industry average, you have a problem that an employee satisfaction survey is the first step to solving. 9 Excessive rumors A strong rumor mill is symptomatic of other problems in the organization. These can include communications, trust, and fear. Only a survey can uncover the extent to which any of these issues exists. In a highly competitive industry, turnover minimization and productivity and creativity maximization are keys to success. Staying in touch with employees is necessary to facilitate continued competitiveness. Planned or recent organizational changes, including change of leadership. Change can be difficult for many people. If not handled properly, productivity and profits can decline. Highly competitive industry In a highly competitive industry, turnover minimization and productivity and creativity maximization are keys to success. Staying in touch with employees is necessary to facilitate continued competitiveness. Contemplated changes in pay and benefits You must know what needs to be "fixed" and how much "fixing" it needs to maximize return on invested money and people resources. 10 CHAPTER-2 COMPANY PROFILE Wipro Ltd., the flagship company of the Azim H Premji group was incorporated in the year 1945. The company started off originally as a manufacturer of vegetable ghee/vanaspati, refined edible oils etc. Gradually the company has diversified into various other businesses.Today Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. Wipro provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally.In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. Wipro also has profitable presence in niche market segments of consumer products and lighting. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations.Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange – Mumbai, and the National Stock Exchange, among others.Wipro is the leading strategic IT partner for companies across India, the Middle East and Asia–Pacific – offering integrated IT solutions. They plan, deploy, sustain and maintain your IT lifecycle through their total outsourcing, consulting services, business solutions and professional services. Wipro InfoTech helps you drive momentum in your organisation – no matter what domain you are in. Backed by their strong quality processes and rich experience managing global clients across various business verticals, they align IT strategies to your business goals. Along with their best of breed technology partners, Wipro InfoTech also helps you with your hardware and IT infrastructure needs.The various accreditations that they have achieved for every service they offer reflect their commitment towards quality assurance. Wipro InfoTech was the first global software company to achieve Level 5 SEI–CMM, the world's first IT Company to achieve Six Sigma, as well as the world's first company to attain Level 5 PCMM.Their continuing success in executing projects is a result of their stringent implementation of quality processes. Deploying quality frameworks to align with your business will give you the benefit of a smooth and transparent transition while providing complete IT lifecycle management. Reliability and perfection are a result of their adherence to these quality benchmarks and this has been their key differentiator, while helping drive the business momentum.The company’s experience and expertise are measured against globally recognized standards to ensure their commitment in delivering competitive solutions to their customers. Wipro InfoTech epitomises quality by maintaining high standards in service offerings and products, as well as internal processes and people management. They believe in constantly scaling quality standards by expanding our efficiency in all areas beyond their basic IT offerings.Different people perceive innovation in various ways. At Wipro InfoTech, their innovative thinking helps them adopt newer business lines and offerings based on your business expectations. They have adapted to the changes brought about by technology and business and this has helped us improve customer experience through service delivery and process optimisation. In 2013, the company decided to shut down its hardware manufacturing business because it offers no competitive advantage. 11 Different divisions of the company: Wipro Technologies Wipro Technologies is the global IT services business division of Wipro Limited. With over 20 offices around the world, Wipro Technologies is the No.1 provider of integrated business, technology and process solutions on a global delivery platform. Wipro Infotech Wipro Infotech is the leading strategic IT partner for companies across India, the Middle East and Asia–Pacific – offering integrated IT solutions. We plan, deploy, sustain and maintain your IT lifecycle through our total outsourcing, consulting services, business solutions and professional services. Wipro Consumer Care and Lighting Wipro Consumer Care and Lighting, a business unit of Wipro Limited, has a profitable presence in the branded retail market of toilet soaps, hair care soaps, baby care products and lighting products. It is also a leader in institutional lighting in specified segments like software, pharma and retail. Wipro Infrastructure Engineering Wipro Infrastructure Engineering was Wipro Limited’s first diversification in 1975, which addressed the hydraulic equipment requirements of mobile original equipment manufacturers in India. Over the past 25 years, the Wipro Infrastructure Engineering business unit has become a leader in the Hydraulic Cylinders and Truck Tipping Systems markets in India, and intends growing its business to serve the global manufacturing requirements of Hydraulic Cylinders and Truck Tippers. Wipro GE Medical Systems Wipro GE Medical Systems is a joint venture between Wipro and General Electric Company. As a part of GE Medical Systems South Asia, it caters to customer and patient needs with a commitment to uncompromising quality. Wipro GE is India’s largest exporter of medical systems, with unmatched distribution and service reach in South Asia. Wipro GE pioneered the manufacture of Ultrasound and Computed Tomography systems in India and is a supplier for all GE Medical Systems products and services in South Asia. 12 Products and services offered by the company: Wipro was having its presence across various verticals viz;(it decided to shut its hardware business in 2013) Wipro Personal Computing Products Enterprise Products Software Products and Licences Wipro Personal Computing Products:– DesktopsEntry Level: Wipro Desktop WSG37205 Wipro Desktop WSG37555 Wipro Desktop WSG15C55 Wipro Desktop WSG15D55 Wipro Desktop WSG41155. Mainstream: Wipro Desktop WSG53255 Wipro Desktop WSG37555 Wipro Desktop WSG15C55 Wipro Desktop WSG15D55 Wipro Desktop WSG41155. Performance: Wipro Desktop WSG38105 Wipro Desktop WSG41155 Gaming PC : Intel® Processor based AMD Processor based Palm–Sized PC: Protos Desktop Wipro Green Computing: Wipro Desktop WSG 15D55V Wipro Desktop WSG 37555V. Note Book: Wipro 7B1610 13 Wipro EM4700 Wipro 7B1630 Wipro 7E1100 Wipro 7B1100 Wipro 7B3800 Wipro 7710P Wipro 7B1650. Server: Entry level and dual servers Performance Segment Blade server Enterprise class server. Supercomputing Services offered by the company: System Integration Managed Services Total Outsourcing Application Development and Portals Business Transformation Services Security Governance Data Warehousing and Biz Intelligence Availability Services 14 ORGANIZATIONAL STRUCTURE Figure 1: Structure of Wipro Wipro as shown above has 7 directors who come from diversified backgrounds and bring along with them to the organization their rich experience and an image of respect & integrity. The present Directors have served on the boards of reputed organizations like Bata, Nortel, Unilever Plc , British Airways Plc, ICICI Bank to name a few. Wipro is one of the few organizations to have two CEO’s. Most of the Top Management is all home grown and have worked their way up the organization and have been rewarded suitably for their dedication to the Mission, Vision and Goals of the Organization over the past few decades. Suresh Senapaty heads Legal, Business Planning, Treasury and Controllership for Wipro. His association with Wipro goes back to Wipro Consumer Care where he was the CFO. Girish S Paranjpe is the new Jt. Chief Executive Officer of Wipro’s IT Business alongside Suresh Vaswani and is an Executive Director in the Board of Wipro Limited. He jointly carries the overall responsibility for the strategy and operations of Wipro’s IT Business. Suresh has been with Wipro for 23 years in various leadership positions and has been responsible for Wipro’s leadership position in differentiated global practices and emerging markets. Pratik Kumar has been associated with Wipro for the last 17 years and has contributed significantly to its global people practices. 15 GEOGRAPHICAL LOCATIONS: Figure 2- Geographical Location COMPETITORS OF WIPRO BPO: The competitors of Wipro BPO company are : WNS Global Services HCL BPO ICICI OneSource IBM Daksh 16 INDIAN IT INDUSTRY AT A GLANCE The Information Technology (IT) sector is one of the fastest growing sectors in the country, envisaging dimensions of growth and globalisation, achieving new milestones over the last decade. The growth momentum attained by the overall economy since the late 1990s to a great extent can be owed to the IT sector, led by a liberalised policy regime with reduction in telecommunication costs have led to spurt in investments by MNCs as well as domestic companies in the country. Perceptible is the transformation since liberalisation – India today is the world leader in information technology and business outsourcing. Correspondingly, the industry’s contribution to India’s GDP has gone up significantly from 1.8% in FY00 to around 5.4% in FY07.The sector has been growing at a CAGR of 30.3% since FY04. Indian IT companies have globally established their superiority in terms of cost advantage, availability of skilled manpower and the quality of services. They have been enhancing their global delivery capabilities through a combination of organic and inorganic growth initiatives. Global giants like Microsoft, SAP, Oracle, Lenovo have already established their captive centres in India. These companies recognise the advantage India offers and the fact that it is among the fastest growing IT markets in the Asia-Pacific region. Industry Structure The demand for IT across the world is witnessing a tremendous According to NASSCOM, the size of the Indian IT industry, has been estimated to be around US$ 47.8 bn in FY07. The Indian IT industry can be broadly divided into two markets: domestic market and exports market. The exports market constitutes the largest segment accounting for around 65.5% of the total revenue generated by the Indian IT industry including hardware in FY07. Importantly, in the exports market, IT services segment contributed highest share with 57.5% in FY07, followed by the ITeS-BPO segment with 26.8% share and the rest shared by the software products and engineering services & R&D.The domestic IT market is broadly classified into the following four segments: (i) IT Services, (ii) software products, engineering and R&D services, (iii) IT-enabled Services and Business Process Outsourcing (ITeS-BPO), and (iv) hardware. While IT Services accounted for around 34% of the total revenue generated by the domestic market in FY07, the engineering services, R&D and software products segments together accounted for 9.7% of the revenue. The ITeS-BPO segment, on the other hand, contributed 6.7%. Hardware contributed major share of the domestic market with about 49.7%. Notably, the domestic IT industry grew at a CAGR of 25.7% during FY04-07 to touch US$ 16.5 bn.According to Manufacturer Association for Information Technology (MAIT), the Desktop PC market (including notebooks) showed an upward trend totaling over 6.34 mn units in FY07, registering a growth of 25.65% over the same period last fiscal. Desktop sales accounted for more than 86.5 per cent of the total sales, while the remaining was shared by notebook sales. This was largely due to the buoyant mood in IT consumption which saw a significant growth in notebook sales by 97%. MNC’s have been increasingly raising their share in Indian desktop market from 35% in FY05 to 39% in FY07. Driven by growing domestic demand mainly in notebooks segment, as sales of MNC brands grew by 33% and that of assembled by 22% in FY07. 17 The high growth in PC sales was accelerated due to increased consumption by industry verticals such as telecom, banking and financial services, manufacturing, education, retail and BPO/IT-enabled services as well as major e-Governance initiatives of Central and State Governments. The domestic hardware market offers tremendous potential for hardware companies, thus attracting plenty of domestic hardware as well as MNCs in the domestic market. As, few MNCs in the hardware segment have been viewing India as a hub for setting up hardware manufacturing facilities, for instance Dell. Imports of IT hardware which form a large component of the industry are mainly from growth, in view of changes in the economic and business environment, rapid technological innovation and wide utilisation of internet and globalisation. The market has become more competitive and has forced corporations to take innovating and unique ways of doing business’s. Service industry has also entered into a new era with the growing acceptance of IT based services. As per NASSCOM, Indian IT Services both domestic and exports market grew from US$10.4 bn in FY04 to US$ 23.6 bn in FY07. During this period, its contribution to the total IT industry has gone up marginally from around 48.2% to 49.4%.The project oriented IT services contributed around 57.9% in FY07, while outsourcing IT services accounted for around 32.8% of the total revenues of IT services segment in India. Within the ITeS-BPO segment, Customer Interaction Services (CIS) accounted for nearly 45-46% of the total ITeS-BPO services exports while finance & accounting contributed for roughly around 40-41%. Human resource and other high-end knowledge-based processes account for 3% and 11% respectively. The Software product, Engineering services and R&D segment contributed over 13.8% of the total IT industry in FY07. In addition to this, Indian companies offering these services, several foreign companies (both captive and third party) are also setting up base in India to provide these services. Overseas companies operating in sectors like high–tech, telecommunications, automobile, aerospace, heavy machinery, construction and industrial products are looking at off-shoring their engineering and R&D related work to India. Few important characteristics of the Indian IT sector include: Export intensive:Indian IT industry is predominantly export driven, with exports contributing over 60% of its revenue since FY03. Concentration on Low-end services: Low-end services such as customised software services and maintenance have been the key offerings of the Indian IT companies. These companies are now however moving up the value chain offering end-to-end solutions to clients. Fragmented industry: D&B’s inhouse database has identified over 8,000 companies which operate in the IT space in India, offering a wide range of software products and services. A large number of these companies are unorganised players. 18 Skewed concentration: The revenues of the top four companies, TCS, Infosys, Wipro and Satyam, account for over 25% of the overall industry. This skewness is all the more pronounced in the case of IT services. Emerging Trends in the Indian IT Services Industry While the global IT players are aggressively scaling up their operations in India, due to the advantages that the Indian industry offers, the Indian IT companies are also preparing to tap the global market. The companies are witnessing significant change with regard to their service offerings and geographical concentration. Today, companies are expanding their service offerings from application development and maintenance to high end services like testing, consulting and engineering designing. The global delivery model has not only facilitated the companies in delivering quality of work but also helped them to control costs. Over the years, the Indian companies have positioned themselves well to reap benefits of the emerging scenario in the IT sector. New Service Offerings The Indian IT companies are expanding their service offerings to provide a complete basket of services to their clients. These new services include IT consulting, testing, business process management and IT infrastructure services, IT consulting, which in a way allows the IT companies to de-risk their business from pricing pressures and enter into newer areas which provide them higher growth and profitability. Larger Deal Size Indian IT companies have successfully scaled up operations and made a mark in the global outsourcing market, evident from the large deals bagged by the Indian IT companies in the past one year, including the TCS – AC Nielsen contract valued at US$ 1.2 bn, the Social Security Institute of Mexico (IMSS) -TCS deal worth US$200 mn, Satyam-FIFA contract, and the BSNL-HCL Infosystems deal valued at Rs 5.9 bn to name a few. Growing presence of MNCs Cost arbitrage and the availability of a large talent pool has attracted several MNCs to India. Big players like IBM, Accenture, Google, Yahoo, Capgemini and Oracle among others have not only increased their headcounts in India but also outperformed their global performance in terms of revenue growth. Their Indian operations are witnessing strong growth as compared to their global business. Emerging Markets: In terms of geographical contribution, the US continues to remain the key market for Indian IT companies, accounting for 67.2% of the total IT-ITeS exports from India. However, Europe is also emerging as an important market for the Indian IT industry, considering the fact that the share of exports to Europe from India increased from 22.2% in FY03 to 25.1% in FY07. Indian companies are increasingly enlarging their 19 footprints to countries in Latin America, Eastern Europe, and Asia Pacific region. Mergers and acquisitions has been one of the routes that the Indian companies have adopted to enhance their presence in European markets. Changing Growth Drivers: There has been a change in the revenue composition of companies in recent years. The revenue contribution of high-growth segments such as infrastructure management services, package implementation, testing & consulting has been witnessing rapid growth over the last couple of years. These, newer service lines are not only enabling Indian companies to increase their sales by cross-selling to their existing customers, but also improve their average billing rates and recognition of being end-to-end service providers. These segments are experiencing high growth rates over the last couple of years. However, the Custom Application Development and Maintenance (CADM) services continue to contribute a larger share towards IT services segment revenue. The CADM accounted for around 39.6% to the total IT services segment revenue of US$23.6 bn in FY07, and it witnessed a growth rate of 35.3% in the same period. New End-users: In terms of user industries, the BFSI and hi-tech/telecommunication industries remain the leading verticals for the Indian IT companies. Together, these sectors accounted for around 58% of the Indian IT-ITeS exports. Though these verticals have good growth potential, other sectors such as manufacturing, airlines and transportation, retail, healthcare, utilities, etc., are also emerging as promising segments for the Indian IT companies. While the BFSI sector has the potential to provide large sized contracts to the IT companies, the manufacturing sector can provide large number of deals/assignments to the Indian players. Issues and challenges Indian IT industry has been witnessing several issues and challenges which may deter the growth in future, despite the fact that demand conditions have been optimistic. Therefore, companies must adopt best practices to address those issues in order to sustain the current growth momentum. Several larged and mid sized companies are taking innovative measures to address those issues, for example, in view continuous rupee appreciation against the US dollar, the companies are keen to expand their business to other emerging markets like Europe, Asia Pacific region, Middle East etc. Rising attrition rate: Growth and attrition rates seem to be following a similar trajectory for most Indian software service companies. With a McKinsey report stating that India will need an additional 1 mn employees to join the ITBPO workforce by 2010 in order to maintain its current market share, the attrition phenomenon has come into the limelight. Managing attrition in the IT industry holds significant importance because skilled professionals form the crux of this knowledge-intensive industry. Apart from the loss of skill sets, the cost of recruitment and training is a huge investment for most IT firms. Consequently, as most major players have realised, attrition affects the 20 quality of service, leading to greater expenditure on training and development, thereby affecting the overall performance, including improving utilisation rates of the company. Major players in the Indian software industry — Tata Consultancy Services (TCS), Infosys Technologies, Wipro, and Satyam Computers — are currently witnessing high attrition rates. TCS reported an attrition rate of 11.5% — up from 10.6% a year ago; the attrition rate at Infosys was 13.7% in FY07 — higher than 11.2% recorded in FY06; the attrition rate at Satyam declined from 19.2% in FY06 to 15.7% in FY07; whereas the rate at Wipro witnessed a surge to 17.4% as against 14.6% during the previous fiscal, in its global IT services and product business. Rupee appreciation: The rupee gained almost 12.5% against the US dollar in mid-October, 2007 vis-à-vis the same period in the previous year, denting the earnings of the IT industry (the industry earns its highest revenue from the US). On October 17, 2007, the rupee surged to 39.68 against the US dollar — its highest rate in 9 years. Importantly, during January–October 2007, the rupee appreciated at more than 10.6% against the US dollar. For software firms whose expenses are mostly in the local currency, the rupee appreciation reduces the rupee equivalent of every dollar they earn overseas, thus affecting their margins to a great extent. Margins have already begun to face the effects of the rupee appreciation and most Indian IT players are forced to adopt forward-trading to help mitigate losses. Apart from losing out on margins, Indian IT companies might lose the competitive edge over international firms if the trend continues for long. For example, China is holding its currency steady, offering stability, which might turn out to a distinguishing factor for survival in the long run. Emerging new territories: According to an IDC study, three Indian cities rank at the top in the Global Delivery Index today in the top 10 off-shore destinations of Bangalore, Manila, New Delhi, Mumbai, Dalian, Shanghai, Beijing, Sydney, Brisbane & Auckland in the Asia-Pacific region. However, the Indian IT industry is gradually facing stiff competition emerging from new territories like China, Malaysia, Philippines and Mexico. The study also states that although Mumbai & Bangalore may be favourite off-shoring destinations as of today, Chinese commercial hubs like Beijing & Shanghai are set to overtake Indian cities by 2011. A similar competitor would be Malaysia having a stable socio-economic environment, excellent infrastructure, low attrition rates, & skilled talent pool as key advantages. Emerging Markets: In terms of geographical contribution, the US continues to remain the key market for Indian IT companies, accounting for 67.2% of the total IT-ITeS exports from India. However, Europe is also emerging as an important market for the Indian IT industry, considering the fact that the share of exports to Europe from India increased from 22.2% in FY03 to 25.1% in FY07. Indian companies are increasingly enlarging their footprints to countries in Latin America, Eastern Europe, and Asia Pacific region. Mergers and acquisitions has been one of the routes that the Indian companies have adopted to enhance their presence in European markets manufacturing, airlines and 21 transportation, retail, healthcare, utilities, etc., are also emerging as promising segments for the Indian IT companies. While the BFSI sector has the potential to provide large sized contracts to the IT companies, the manufacturing sector can provide large number of deals/assignments to the Indian players. 22 INDIAN BPO INDUSTRY AT A GLANCE In India, Business Process Outsourcing (BPO) is the fastest growing segment of the ITES (Information Technology Enabled Services) industry. Factors such as economy of scale, business risk mitigation, cost advantage, utilization improvement and superior competency have all lead to the growth of the Indian BPO industry. Business process outsourcing in India, which started around the mid-90s, has now grown by leaps and bounds. India is now the world's favored market for BPO companies, among other competitors, such as, Australia, China, Philippines and Ireland. The BPO boom in India is credited to cheap labor costs and India's huge talent pool of skilled, Englishspeaking professionals. Research by the National Association of Software Services and Companies (NASSCOM) has revealed that quality orientation among leading BPO companies, 24/7 services, India's unique geographic location and the investor friendly tax structure in India have all made the BPO industry in India very popular. What is Business process outsourcing? The term Business Process Outsourcing or BPO as it is popularly known, refers to outsourcing in all fields. A BPO service provider usually administers and manages a particular business process for another company. BPOs either use new technology or apply an existing technology in a new way to improve a particular business process. India is currently the number one destination for business process outsourcing, as most companies in the US and UK outsource IT-related business processes to Indian service providers. Services offered by Indian BPO companies Indian BPO companies offer varied services, such as, customer support, technical support, telemarketing,insurance processing, data processing, forms processing, bookkeeping and internet / online / web research. Customer support services: 24/7 inbound / outbound call center services that address customer queries and concerns through phone, email and live chat. 23 Technical support services: Installation, product support, running support, troubleshooting, usage support and problem resolution for computer software, hardware, peripherals and internet infrastructure. Telemarketing services: Interacting with potential customers and creating interest for the customer's services/ products. Up-selling, promoting and cross selling to existing customers and completing online sales processes. IT help desk services: Level 1 and 2 multi-channel support, system problem resolutions, technical problem resolution, office productivity tools support, answering product usage queries and performing remote diagnostics. Insurance processing: New business acquisition and promotion, claims processing, policy maintenance and policy management. Data entry and data processing: Data entry from paper, books, images, e-books, yellow pages, web sites, business cards, printed documents, software applications, receipts, bills, catalogs and mailing lists. Data conversion services: Data conversion for databases, word processors, spreadsheets and software applications. Data conversion of raw data into PDF, HTML, Word or Acrobat formats. Bookkeeping and accounting services: Maintenance of the customer's general ledger, accounts receivables, accounts payables, financial statements, bank reconciliations and assets / equipment ledgers. Form processing services: Online form processing, payroll processing, medical billing, insurance claim forms processing and medical forms processing. Online research: Internet search, product research, market research, surveys, analysis, web research and mailing list research. Interesting facts about the Indian BPO industry The BPO sector in India is estimated to have reached a 54 per cent growth in revenue The demand for Indian BPO services has been growing at an annual growth rate of 50% 24 The BPO industry in India has provided jobs for over 74,400 Indians. This number is continuing to grow on a yearly basis. The Indian BPO sector is soon to employ over 1.1 million Indians 70% of India's BPO industry's revenue is from contact centers, 20% from data entry work and the remaining 10% from information technology related work Indian BPOs handle 56% of the world's business process outsourcing The top fifteen BPO companies in India NASSCOM recently conducted a survey and evaluated the leading BPO service providers across India. The top fifteen business process outsourcing companies in India are: WNS Group Wipro Spectramind Daksh e-Services Convergys HCL Technologiess Zenta First Source MphasiS EXL Tracmail GTL Ltd vCustomer HTMT 24/7 Customer Sutherland Technologies 25 OBJECTIVES The first step of any research project is to define the problem that is to be answered by the research project itself. This is the most important part of the research process, as it provides a focus and direction for the project and identifies the specific information the reader is looking at in the project. Actually, research objectives enable the reader to understand exactly what the project is attempting to achieve. If the definition of problem is unclear and objectives are poorly defined, the result could be waste of time, money, energy and resources. In short, research objective is a pre-requisite for any research project. There should be a clear-cut definition of research objectives. Our project, therefore, is not an exception. Our research project-A study on the satisfaction level of employees working in BPOs and Call Centers in WIPRO Ltd., has certain specific and general objectives which mainly consist of primary objectives and secondary objectives. They are as follows: Primary Objectives: To measure the employees’ job satisfaction level working in BPOs and call centers in WIPRO Ltd. To identify the factors that influence job satisfaction level of employees working in BPOs and call centers Secondary Objectives: To identify the obstacles faced by them in their job environment To assess the Policies and Procedures that will have an impact on employee’s job satisfaction 26 RESEARCH METHODOLOGY The first step of any research project is to define the problem that is to be answered by the research project itself. This is the most important part of the research process, as it provides a focus and direction for the project and identifies the specific information the reader is looking at in the project. Actually, research objectives enable the reader to understand exactly what the project is attempting to achieve. If the definition of problem is unclear and objectives are poorly defined, the result could be waste of time, money, energy and resources. In short, research objective is a pre-requisite for any research project. There should be a clear-cut definition of research objectives. Our project, therefore, is not an exception. Our research project-A study on the satisfaction level of employees working in BPOs and Call Centers in WIPRO Ltd., has certain specific and general objectives which mainly consist of primary objectives and secondary objectives. They are as follows: Primary Objectives: To measure the employees’ job satisfaction level working in BPOs and call centers in WIPRO Ltd. To identify the factors that influence job satisfaction level of employees working in BPOs and call centers Secondary Objectives: To identify the obstacles faced by them in their job environment To assess the Policies and Procedures that will have an impact on employee’s job satisfaction purpose. These interviews were based on a structured questionnaire that has been put up in the appendix in this report. The process of cross checking was also used to ensure the authenticity of the data and validation of the interviews both formal as well as informal one. Every attempt was made to ensure that their response do not get influence by their management and environment. The process, we follow, in making the project is as follows: Problem Defining (Objectives), Data collection, Research design, Data collection, Data analysis and Presentation the results. We have used the Job Descriptive Index (JDI), created by Smith, Kendall, & Hulin (1969) which measures one’s satisfaction in five facets: pay, promotions and promotion opportunities, coworkers, supervision, and the work itself. The work itself-responsibility, interest, and growth. Quality of supervision - technical help and social support. Relationships with co-workers - social harmony and respect. Promotion opportunities-chances for further advancement 27 Types of data analysis used: In order to properly analyze the data, there would be two types of data analysis in this project. They are as follows: 1. Qualitative data analysis – through Findings, Analysis and explanation 2. Quantitative data analysis – through charts, schedules, figures, and structures Sample size: How many employees were surveyed At the planning stage of a statistical investigation part, the question of sample size is very critical. If the sample size is large, there could be a waste of money, energy and resources, and if it is small, it doesn’t make any sense of practical use in making good decisions. So, the sample should be taken in such a way that it can bring fair, accurate level of accuracy and unbiased results. The objective of taking sample was to obtain desirable level of accuracy and confidence with minimum of cost, time, and energy. A random sample size of 400 employees and 10 H.R.offcials were taken for the survey purpose. H.R. official survey was needed to verify the response received from the employees. DATA COLLECTION: Data gathering is a very important part of the research project process. It is through data, with the help of which we would be able to analyze the problem in terms of facts and figures. Actually, the reliability of research decisions depends on the quality of data gathered. By taking this concept into consideration, the data can be classified into primary data and secondary data. We have used both the types of data, as far as our project is concerned. Secondary Data: These are those data which are collected from the various sources which have been already created for the purpose of first time use and future use. We have used the following secondary data in our project: Internet Journals Magazines Publications, Articles and Research Papers done before From various Organizations 28 Research instrument: The researcher has used a structured questionnaire as a research instrument tool for which consists of open ended questions, multiple choice nd dichotomous questions in order to get data. Thus, questionnaire is the data collection instrument used in the study. All the questions in the questionnaire are organised in such a way that elicit all the relevant information that is needed for the study. 29 CHAPTER-4 ANALYSIS AND FINDINGS QUESTION-1 PERIOD OF WORKING IN THE ORGANISATION: Period < 1 year 1-2 years 2-5 years Respondent 216 130 36 Percentage 54 32.5 9 >5years 18 4.5 Total 400 100 Chart showing the Period of Working 60 54 percentage 50 40 32,5 30 20 9 10 4,5 0 <1 year 1-2 years 2-5 years >5 years period Figure 3- Period of working Findings: From the above information, we can find that out of total sample of 400 respondents almost 54% of them are working in the organization for a less than 1 year. Almost 32.5% of them working between 1 to 2 years in the organization while 9% of them were working between 2 to 5 years. The most experienced employees were less; they were about 4.5% who have worked for more than 5 years. Analysis: As more than 50%(54%), as a total, of employees working in the various organization are working for less than one year, It clearly indicates the sign of high attrition rate(the rate at which employees leave the organizations) in BPOs and Call centers If we analyze the whole chart more closely, we find that more than 85% of employees have been in the organizations for less than 2 years which reveals that employees like to change their jobs very frequently, may be because of lack of motivation or satisfaction purposes The concrete reasons for this would be dug out in the following questions and their results 30 QUESTION-2 MONTHLY INCOME: Income Respondent Percentage 3000-6000 196 49 6000-9000 148 37 9000-12000 32 8 >12000 24 6 Total 400 100 Chart showing Income of the Employee percentage 60 49 37 40 20 8 6 9000-12000 >12000 0 3000-6000 6000-9000 Income(in Rs.) Figure 4- Income of employees Findings: Analysis: Out of total respondents, 49% respondents fall under the category of monthly income of around Rs. 3000 to 6000 while 37% of them are getting around Rs. 6000 to 9000. Where at the other side the employees who were getting salary of Rs. 9000 to 12000, were only 8% while there were only 6% employees who were getting salary above Rs. 12000. Nearly half (50%) of the employees work in the call centre fall under the category of Rs.300-6000. It may be due to poor financial conditions and also, the education level doesn’t matter in other job As the attrition rate is high in this industry, it also result in lower initial salary for the employees, because employees will have to accept the salary which ranges mainly from 3000 to 6000 Rupees in Wipro 37% of employees falls under the category of salary income of Rs. 6000-9000 which can be said to be a standard in this industry but the percentage of which is very low, leading to the conclusion, exploitation of candidates Nearly 15% of employees receive their salary in 5 digits which mainly of the employees working for more than 4-5 years, an experienced one 31 A glance at how Working period and Salary goes? Analysis: The chart was thought out to reflect employees working period and their monthly payment This chart shows that how employees seniority and pay scale are related-As employee gets senior in the organization, his/her salary increases The most surprising result, we find is that nearly 50% of employees fall under the very first category of less than 1 year getting a monthly salary of Rs.3000-6000 This shows high attrition rate(the rate at which employees leave the organizations) and exploitation of candidates It also reveals that, in Wipro, only 16% of employees receive their salary in between 9000 and above falling under a seniority of more than 2-3 years spending in the organization 32 250 >5 year - 2 1 18 Total3 196 148 32 400 12 200 26 150 >12000 9000-12000 4 9 6000-9000 3000-6000 100 175 102 50 2 10 18 0 <1 year 1-2 year 2-5 year 15 1 2 >5 year Table showing working period and Monthly Salary of employees Figure 5- Working period and monthly salary 33 QUESTION-3 WHETHER MONETARY AND NON-MONETARY BENEFITS MOTIVTE AND AFFECT EMPLOYEES SATISFACTION LEVELOR NOT: Options YES NO Total Respondent 348 52 400 Percentage 87 13 100 CHART SHOWING MONETARY AND NON-MONETARY BENEFITS MOTIVTE AND AFFECT EMPLOYEES OR NOT no 13% yes 87% Figure 6-Monetary and non monetary benefits Finding: From the above information, we can find that 87% employees say that these kind of monetary and non-monetary benefits motivate and affect them. The rest 13% said that they are not affected by these kind of monetary and non-monetary benefits Analysis: The question was purposed to identify whether is there any impact on motivation level of employees by these monetary and non monetary benefits As the chart indicates that 87% of employees responded positively meaning there is a significant correlation between employee satisfaction and monetary and non monetary benefits This also leads to conclusion that system of incentives, rewards and motivational concepts in the organizations matter to maintain the motivation level of employees Significant(80%) amount of employee have responded positively which indirectly tells us that satisfaction level of employees is impacted, but as the analysis of above question revealed that only 30% non monetary benefits are provided to the employees where as significantly lower amount of monetary benefits in the form bonus(49%) and overtime are provided to the employees. 34 QUESTION-4 SATISFIED WITH WORKING IN THE ORGANISATION OR NOT: Options Yes No Total Respondent 380 20 400 Percentage 95 5 100 CHART SHOWING THAT THE EMPLOYEES ARE SATISFIED WITH WORKING IN THE ORGANISATION OR NOT. NO 5% YES 95% Figure 7- Satisfaction of employees in the organisation Finding: Almost 95% of the total employees said that they are more or less satisfied with working in the organization The rest 5% of the employee said that they are not at all satisfied with working in the organization. Analysis: As many as 95% of employees responded positively saying that they are happy working in the organization and are more or less satisfied Only a very small parentage of employees replied negatively who might be having some or the other problems relating to monetary aspects or the environment concerns which may be dug out and their resistance should be identified to make them satisfied To dig out the level of satisfaction, we asked further question which reveals the more insight about their satisfaction level 35 QUESTION-5 LEVEL OF SATISFACTION: Level of satisfaction Low Respondent 30 Percentage 8 Average 226 59 High 124 33 Total 380 100 CHART SHOWING THE LEVEL OF SATISFACTION 70 59 PERCENTAGE 60 50 40 33 30 20 8 10 0 low average high LEVEL OF SATISFACTION Figure 8- Level of satisfaction Finding: Asking about their satisfaction level, 59% said that they are not much satisfied with the organization, it can be said that their satisfaction level is average Almost 33% said that they are highly satisfied with the organization While the remaining 8% were least satisfied Analysis: The question was purposed to identify the level of satisfaction of employees who are satisfied(from among 380 employees) As far as satisfaction is concerned, as the above question revealed that 95% of employees are satisfied working within the organizations but when asked actually about the level of satisfaction, it reveals that majority(nearly 60% of employees) of them are satisfied on average basis Only 3% of employees say that the satisfaction level of them is very low inferring that they are least satisfied, not up to the level it should be Those who are highly satisfied belongs to 33%, which doesn’t have any issue regarding their satisfaction working in the organizations 36 QUESTION-6 WHETHER THE COMPANY IS VERY OPEN TO IDEAS AND SUGGESTIONS GIVEN BY EMPLOYEES: Options Strongly Agree Disagree Strongly Total agree disagree Respondent 212 172 16 0 400 Percentage 53 43 4 0 100 Chart showing the preference of the employee 60 53 PERCENTAGE 50 43 40 30 20 10 4 0 0 strongly agree agree disagree strongly disagree PREFERENCE OF THE EMPLOYEES Figure 9- Preference of the employees Finding: Out of the total, almost 53% of the employees have strongly agreed with the fact that the company is very open to ideas and suggestions given by the employees 43% are agreeing with this, but not to the level it should be There were only 4% who were disagreeing, and nobody falls under the category of “strongly Disagree” Analysis: The chart shows that out of 100%, more than half 53% are strongly agree that the company is very open to ideas and suggestions given by employees meaning caring for employees suggestions and their recommendations They believe that company approaches very friendly to the employee’s suggestions and their ideas and actually implement it in the organization, if it is concrete in nature If all and all we see, nearly 95% of employees reported favorably that their company believes in open-door policies and wants their employees to participate in the organization 37 QUESTION-7 WHETHER THE CULTURE OF THE COMPANY IS SUCH THAT IT CREATES WORK ENVIRONMENT: Options Positive Negative Stressful Very bad Total Respondent 316 50 28 6 400 Percentage 79 12.5 7 1.5 100 Chart showing the preference of the employee PERCENTAGE 100 79 80 60 40 12,5 20 7 1,5 0 positive negative stressful veery bad PREFERENCE OF THE EMPLOYEE Figure 10- Employee opinion on the work environment Finding: Out of the total employees 79% said that there is a positive environment in the organization 12.5% said that there is a negative environment Almost 7% said that the environment of the company is very stressful in the company and almost 1.5% said that it is very bad Analysis: As the chart indicates, majority of employees(nearly 80%) are agree that the environment within which they work is positive and makes them to work and leads to their motivation and satisfaction in the organizations The employee who replied to “Negative” is nearly 13%, which makes us to infer that the factors that creates negative environment prevail in the organization 7% of employees came up with the opinion that the environment in the organization is such that it creates stress within them, may be because of the pressure and the load of the work, call handling or the travelling stress or the way they interact with their subordinates and colleagues 38 A glance at employees culture and company’s policies regarding their openness of ideas and suggestions: Percentage of employees reponding to the question that culture of the company is such that it creates work environment… Percenatge of employees responding to openness of ideas and suggestions given by employees 4% 43% 1,50% Negative 12,50% Agree 53% Positive 7% Strongly agree Disagree 79% Strongly agree Stressful Very bad Figure 11- Employee culture and company’s policies Analysis: This link is given to identify how employees culture (their attitudes, beliefs, the way of working and life-style etc.) respond to companies policy and programs This shows that employees culture which creates positive environment (79%) happily respond to the companies policies and programs (53%) The chart also show that there is some relationship between employees culture and the success of companies policies and programs The least 1.5% saying that the culture is such that it creates very bad environment also links to the strongly disagreement to 0% 39 QUESTION-8 WHETHER SATISFIED WITH THE KIND OF SALARY HIKES THE EMPLOYEE GET OR NOT: Option Highly satisfied dissatisfied Highly Total satisfied dissatisfied Respondent 98 256 34 12 400 Percentage 24.5 64 8.5 3 100 PERCENTAGE Chart showing the preference of the employee regarding salary hikes 64 70 60 50 40 30 20 10 0 24,5 8,5 highly satisfied saatisfied dissatisfied 3 highly dissatisfied PREFERENCE OF THE EMPLOYEE Figure 12- Employee preference on salary hikes Finding: Out of the total employees 64% employees are satisfied with the salary hike they get While, 24.5% are highly satisfied On the other hand 8.5% were dissatisfied with their salary hikes and almost 3% were highly dissatisfied Analysis: The question was purposed to identify weather the salary hike employees receive, make them satisfied or dissatisfied. Also different scales have been used to dig out more about the exact preference of the employees As the chart indicates, the kind of salary hike the employees get make the above classes of employees, amongst them the highest falls under the category of “Satisfied” Only 3% of employees are highly dissatisfied and nearly 9% of employees think that the salary hike they receive in an organization makes them dissatisfied 40 QUESTION-9 THERE IS A STRONG FEELING OF TEAMWORK AND COOPERATION IN THE ORGANISATION: Options Strongly Agree Disagree Strongly Total agree disagree Respondent 202 176 16 6 400 Percentage 50.5 44 4 1.5 100 Chart showing the preference of employees regarding teamwork and cooperation PERCENTAGE 60 50,5 44 50 40 30 20 10 4 6 disagree strongly disagree 0 strongly agree agree PREFERENCE OF EMPLOYEE Figure 13- Employee preference on teamwork and cooperation Finding: Out of the total employees, 50.5% replied that there is a strong feeling of teamwork and cooperation in the organization 44% are only agreeing with this fact On the other hand the remaining was disagreeing with this fact, out of which 6% are strongly disagreeing with this fact Analysis: The question was purposed to identify the opinions of employees about the sentence written above As nearly 51% of employees replied very strongly that they see a strong cooperation and teamwork in the organization leading there by strong interpersonal relations amongst employees and a feeling of team work As regards those employee who somehow believe that they agree with the fact about the cooperation and teamwork in the organization, is also nearly the half one (45%). They think that it is a fact, but it is not up to the mark 41 QUESTION-10 WHETHER EMLOYEES RECEIVE THE PROPER TRAINING WHEN EMPLOYEE NEEDS TO DO THEIR JOB WELL: Options Strongly Agree Disagree Strongly Total agree disagree Respondent 240 128 20 12 400 Percentage 60 32 5 3 100 PERCENTAGE Chart showing the preference of employee regarding training to do their job well 70 60 50 40 30 20 10 0 60 32 strongly agree agree 5 3 disagree strongly disagree PREFERENCE Figure 14- Employee preference on training Finding: Almost 60% of the total employees are strongly agree that they get the proper training when they need to do their job well While 32% are agreeing to this fact The remaining 8% are not agreeing to this fact, out of which 5% is disagree and 3% is strongly disagree Analysis: Training is the base for working in the organization We found that most of the employees responded that they are being given the training by their organization whenever it is needed This shows that the employees can work easily and safely because they are provided with the training 42 QUESTION-11 EMPLOYEE PERFORMANCE EVALUATIONS ARE FAIR AND ENOUGH: Option Yes No Total Respondent 350 50 400 Percentage 87.5 12.5 100 chart showing the employee performance evaluations are fair enough or not no 13% yes 87% Figure 15- Employee opinion on performance evaluation Finding: When it came to evaluation and performance appraisal, almost 87% of the total employees said that their performance evaluations are being done fair The remaining 13% were of the opposite opinion Analysis: The question was inserted to identify the relationship between employees’ agreement and the system of performance evaluation being done in the organization We think that if employee perceive that they are evaluated on a fairly basis implying without any bias and partiality, their satisfaction from the job would be higher than the case opposite to this argument As 87% of employees believe that the system of performance appraisal is fair, we could consider this as one of the factor contributing to increase in the employee’s satisfaction The rest 13% are of the negative opinion that the performance evaluation being done in their organization is not fair and should improve upon 43 QUESTION-12 SUPERVISIOR GIVES THEM PRAISE AND RECOGNITION WHEN THEY DO A GOOD JOB: Option Yes No Total Respondent 340 60 400 Percentage 85 15 100 no 15% yes 85% Figure 16- Employee opinion on supervisor praise and recognition Finding: Out of the total employees, 85% of them answered that their supervisors give them praise and recognition when they do a good job The remaining 15% said that there is no such kind of treatment is done Analysis: The objective of this question was to find out weather employee are agree on this statement or not because we believe that employees satisfaction and motivation level largely depend upon this interpersonal behavior with their supervisors and subordinates As many as 85% of the employee agree that their supervisors give them praise and reward whenever they do some good job, which implies that employees feel motivated and get satisfied in this issue Only a very small percentage of employees replied that their supervisors and immediate bosses do not recognize their work, howsoever good it is These mindset employees must be changed by implementing a good interpersonal behavior and some good change training programs 44 QUESTION-13 RECEIVE USEFUL AND VALUABLE FEEDBACK FROM MANAGER: Option Yes No Total Respondent 316 84 400 Percentage 79 21 100 chart showing the employee receive useful feedback from manager or not no 21% yes 79% Figure 17- Employee opinion on manager feedback Finding: Out of the total employees, 79% said that they receive useful and valuable feedback from the managers regularly While 21% of them replied that they do not get such kind of feedback from the manager Analysis: The question was purposed to identify the extension of feedback and reply given by the managers and also weather any communication gap exists in any organization and if it exists what percentage It reveals that nearly 80% of employees believe that their managers and supervisors give the feedback and the kind of help whenever they need it It is observed that there is a significant correlation between the manger’s involvement and the level on satisfaction and motivation of employees. However, we also agree that if managers gives any wrong or misleading feedback, then employees get dissatisfied The rest 21% of them said that they do not receive any constructive feedback which we think is against to the morale boosting and satisfaction to the employees 45 QUESTION-14 WHETHER ADEQUATE OPPORTUNITIES FOR PROFESSIONAL GROWTH IN ORGANISATION OR NOT: Option Yes No Total Respondent 302 98 400 Percentage 75.5 24.5 100 no 25% yes 75% Figure 18- Employee opinion on growth opportunities Finding: Out of the total employees 75.5% said that there are adequate opportunities available for their professional growth in the organization but 24.5% denied to accept the above statement Analysis: This question basically tries to find out the employees growth weather exists in the organization or not from the view point of employees, because if they perceive that there are ample opportunities within organization, they would feel motivated and be overall satisfied by working with the organization As nearly 75% of them replied that they have adequate opportunities in the organization there by meaning that they are happy working with the organization and expect organization to contribute in them The rest 25% denied to accept the statement as they feel that they don’t have any opportunities that is there in the organization 46 QUESTION-15 SATISFIED WITH THE PERKS AND BENEFITS AVAILABLE: Option Yes No Total Respondent 294 106 400 Percentage 73.5 26.5 100 no 27% yes 73% Figure 19- Employee satisfaction with perks and benefits available Finding: Almost 73.5% were satisfied with the perks and the benefits they get while the remaining were not satisfied Analysis: The purpose of this question was to reveal the satisfaction from perks and other benefits available to them and the extent of agreement to the above stated statement As more than 70%(73%) of the employees believe that they are not satisfied with the kind of perks and benefits they get We agree on the fact that sufficient amount of benefits and a satisfied pay make the employees feel satisfied and motivated to work As only 27% of employee agree on this statement meaning they are only least satisfied with the kind of perks and other benefits they get from the organization 47 QUESTION-16 MANAGER ENCOURAGE AND SUPPORT THEIR DEVELOPMENT: Option Yes No Total Respondent 320 80 400 Percentage 80 20 100 no 20% yes 80% Figure 20- Employee opinion on manager’s support Finding: Almost 80% of the total surveyed employees said that they are being encouraged and supported by their managers while 20% said that they do not get this kind of encouragement and support from their managers Analysis: This question was an attempt to identify the support and encouragement derived from the management team and the mangers of the organization As 80% of employees think that they are being encouraged by their managers and their managers extend the support whenever they need it Those who agree on this statement may be termed as satisfied because they perceive there is some persons who care form them in the organization Those who replied to “No” is only 20% which think that they do not get this kind of encouragement and support from their managers 48 QUESTION-17 EMPLOYEE’S WORK IS CHALLENGING, STIMULATING AND REWARDING: Option Yes No Total Respondent 310 90 400 Percentage 77.5 22.5 100 no 23% yes 77% Figure 21- Employee opinion on nature of the work Finding: Almost 77.5% employees accept that their work is challenging, stimulating and rewarding while 22.5% employees don’t think so Analysis: This question was purposed to identify weather employees work is challenging, stimulating and rewarding or not, because we think that if they believe so, they are satisfied working in the organization This is because if they are disagree to this statement, then it will lead to demotivation and dissatisfaction As this question reveals more than 75%(78%) of them believe that their work is challenging, stimulating and rewarding there by meaning they are people who like to work which is of concern with this three area Only 23% of them replied that they don’t think their work is rewarding, stimulating and challenging 49 QUESTION-18 THE ENVIRONMENT IN THE ORGANISATION SUPPORTS A BALANCE BETWEEN WORK AND PERSONAL LIFE: Option Yes No Total Respondent 292 108 400 Percentage 73 27 100 no 27% yes 73% Figure 22- Employee opinion on work life balance 1 Finding: While asking about the question whether the environment in the organization supports a balance between work and personal life, 73% said yes and 27% said no Analysis: This question was aimed at identifying the extent of support to personal life the organization gives to the employees, because in the industry like BPOs and Call centers, work timings and the way employees have to handle their duty is we think very awkward and stressful respectively The feedback of the employees reveals that employees to 73% agreed that they are able to handle their work life e with the personal life Those who denied to accept the statement were also not minor, was nearly 30% in which majorly comprising of female employees working in this industry 50 QUESTION-19 ABLE TO SATISFY BOTH JOB AND FAMILY RESPONSIBILITY: Option Yes No Total Respondent 278 122 400 Percentage 69.5 30.5 100 no 31% yes 69% Figure 23- Employee opinion on work life balance 2 Finding: Out of the total employees 69.5% replied that they are able to satisfy both job and family responsibilities On the other hand 30.5% said that they are not able to do so Analysis: This question was kept to identify weather an employee is able to fulfill their job and family responsibility, because we think that the kind of salary a BPO employee get in Wipro , and the kind of job they have to handle and the timings as well as the environment in which they are allowed to work are very crucial issues for an employee working in this industry As it reveals that nearly 70% of employee agree to the statement, they can be termed as happy and a satisfied one because they are actually able to handle their personal life with work life The rest who are not able to satisfy the above issues may have certain problems like low salary, work timings, environment within which they work etc. 51 QUESTION-20 PEOPLE ARE HELD ACCOUNTABLE FOR THE QUALITY OF WORK THEY PRODUCE: Option Yes No Total Respondent 324 76 400 Percentage 81 19 100 no 19% yes 81% Figure 24- Employee opinion on accountability Finding: 81% of the total employees said that they are held accountable for the quality of work they produce While the remaining 19% said that they do not get such kind of credits Analysis: The purpose for asking this question is to know whether the top management values their employees or not. Almost 81% of the total employees said that they are held accountable for the quality of work they perform which means that they are being valued by the top management, that directly boost their motivation level resulting into better efforts in the organization and high satisfaction level. The rest said that they are not held accountable for the quality of work they perform which means that the organization’s atmosphere may be biased. This kind of situation demotivates the employees; the organization needs to take corrective measures for it. 52 QUESTION-21 SATISFIED WITH OVERALL JOB SECURITY OR NOT: Option Yes No Respondent 288 112 Percentage 72 28 Total 400 100 no 28% yes 72% Figure 25- Overall job satisfaction Finding: While asking whether they are satisfied with overall job security or not, 72% said “Yes” and the rest 28% said “No” Analysis: This question was identified to know whether employee feel safe about their job security or not because we think that there is a significant relationship between employees overall job security and their motivation cum satisfaction level This question is of a great relevance because in the industry like BPO and call centers, employees attrition rate is one of the major issues As more than 70%(72%) of employees believe that they are satisfied with their overall job security and can work in the organization without any fear of retrenchment, lay-off or attrition from the organization, in case of extreme conditions 28% of them replied to “No” which shows that they are not satisfied with their overall job security because of lack of performance or contract period etc. 53 LIMITATIONS The survey is subjected to the bias and prejudices of the respondents. Hence 100% accuracy cant be assured. The researcher was carried out in a short span of time, where in the researcher could not widen the study. The study could not be generalised due to the fact that researcher adapted personal interview method. Responses to open ended questions were not been given as the employees were reluctant in giving responses due, to which we could not decipher the exact opinion of the employees for most of the questions. Incidents happening at the time of the survey have affected it. Employees thought that the questionnaire was too big and too specific. 54 CHAPTER-4 RECOMMENDATIONS & CONCLUSIONS The research was aimed at identifying the factors that influence the satisfaction level of employees working in BPOs and Call centers. We, as a group hereby would like to conclude our research by saying that employee satisfaction is not the result of only one or two factor. But it is sourced from various factors like working environment within which they work, relations with their colleagues, supervisors, bosses, and rest of the employees, their expectation when they join the organization and the realization of the same and many more what we have highlighted in our project). It’s a result of these factors mentioned above that plays major role in determination of the satisfaction level of employee. Employee is motivated and get satisfied not because only what they perceive and what they realize after joining, but it is their belief, values and the way of working along with their attitude towards organization and work that we think, put major emphasis in determining the satisfaction level of employees. Though it is agreed that a very modern, educated, youth oriented and sophisticated industry like BPOs and Call centers, employees tend to believe what they think is more rewarding and shining for them, is appropriate and a growth fuelling for them. We think employees are what they think and believe in, beyond a point.We here do believe that satisfaction level of employees is going up in this industry, but challenges remain at the same level. Organizations and HR team will have to work hard to convert a dissatisfied or less dissatisfied employee into a more satisfied, motivated and a result oriented employee. Satisfaction level of employees can be increased by taking into account various stets and programs along with concrete policies, this major problems of this kind, we think, can be lowered down. Also recommendation of ours can be a great help to this industry. To boost the morale and satisfaction of employees, we recommend… Expectations of candidates should match realization after joining the organization: with actual We would like to recommend that most of the employees expect that the organization will give them good salary; there will be a good working environment and all working facilities and training necessary for the work to be done by them. So, the organization must provide employees with all these facilities and training so that the employees can work smoothly and efficiently. For this we recommend: Give promotion,praise,recognition and awards to those employees who done really good work at the job Provide insurance to all employees for the security purpose Simplify the goals, mission and vision of the organization to the employee so that employees can help the organization to achieve their of organizational goal 55 Timings of working: In our research, we find that there is no fix timing of the shifts to a particular employee. It means that the shift timings change every fortnight or every week. This kind of changes in time really becomes difficult for the employees to adjust their routine schedule every fortnight or every week. So, recommend that there should be fix timing of shifts to the employees for working. Also, interchange the role of the employee like inbound call representative to outbound call representative to reduce the stress and timings adjustments Holidays and Leave issues: There is a major issue with the organization that they do not provide employees with sufficient holidays thereby meaning if an employee is putting a leave for a valid reason, the organization will not grant for it or it will cut that holiday from the salary. This kind of behavior of the organization demotivates the employees and we all know that if employees are not satisfied with the organization, they will leave the organization and in this manner the attrition rate will be high. We are not saying that the organization should give the leave whenever employee wants but there must be valid reasons to give the leave. Facilities and services- An Issue affecting cost as well as Satisfaction and Motivation of Employees: As, we agree that this issue affects budget of the company also but we find that some of the organizations provide with travelling allowances and only few are providing travelling facilities and the rest do not provide with such kind of facilities. We recommend that if an organization is not providing with travelling facilities, they must give travelling allowances and vice-versa. Also, because most of the employees come from different areas and almost 20% to 25% of their salaries go in the travelling expenses, travelling allowance must be provided with. Those should be provided with meals or light snacks who work almost for 9 to 10 hours in the organization. 56 How to tackle the problems of Stressful and Negative environment? We find that in some organization there prevails environment like negative and stressful which really demotivates and dissatisfies employees. To tackle this problems, we recommend: To reduce the stress, the company should interchange the shifts from day to night and night to day Travel timing creates lots of stress at the work so the company should hire the employee within the nearest area otherwise they should provide travelling service Define organizational structure very well so that every employee can understand their responsibility and the problems of negative environment can be removed by interpersonal behavior Have some recreational canteen facility(Like motif provides), Seasonal celebrations, and picnic or stress removing activities Give transport facility to the employee to reduce the stress at work Look at these relationships-more than a hint… There is a direct relationship between the culture and environment of the organization and team work. There must be positive and encouraging culture in the organization so that the employees can work in the team work which ultimately leads in the efficient working in the organization. We all know that employees come from different backgrounds of the society so they must work as a team feeling to diminish industrial disputes and the organization must support this kind of efforts. Also, there is a relationship between employees satisfaction with the kind of monetary and non monetary benefits they get, that should also be looked upon. 57 Regular evaluation and performance appraisal- to tackle the problems of average satisfaction Majority of the employees fall under the category of average satisfaction in the rating scale. So the company should be aware about the kind of other problems or challenges which are still remaining to the employee and in the organization as a whole. Companies should conduct survey system and get the proper feedback about the problems and other opinions. Informal interaction and interviews can be a great help. Suggestion boxes and employees feedback system should be implemented Some general recommendation and best practices followed by the organizations in this industry: Recruiting and hiring…it all starts with this Provide a Career / ‘Skill’ Path Employee Development and Training Strong Supervisors / Good Coaching Work Environment / Company Culture Rewarding work / empowering employees. Recognition (first) and Reward (second) Strengthen work environment Treat employees as an important part of the organization Encourage participation in various planning and decision-making Empower employees and ensure job security Provide legitimate feedback, genuinely listen to staff concerns and make their interests a management priority 58 APPENDICES 59 QUESTIONNARE 60 Q.1 How long have you worked for in this organization Less than one year Between 1-2 years Between 2-5 years More than five years Q.2 Monthly income 3000-6000 6000-9000 9000-12000 More than 12000 Q.3 Level of satisfaction Low Average High Q.4 Whether the company is open to ideas and suggestions given by employees Strongly agree Agree Disagree Strongly disagree Q.5 Whether the culture of the company is such that it creates work environment Positive Negative Stressful Very bad Q.6 Whether satisfied with the kind of salary hikes the employees get Highly satisfied Satisfied Dissatisfied Highly dissatisfied 61 Q.7 Whether there is a strong feeling of teamwork and cooperation in the organization Highly satisfied Satisfied Dissatisfied Highly dissatisfied Q.8 Satisfied with working in the organization Yes No Q.9 Whether monetary and non monetary benefits motivate and affect employee satisfaction level or not Yes No Q.10 Whether adequate opportunities for professional growth in the organization or not Yes No Q.11 Satisfied with the perks and benefits available Yes No Q.12 Managers encourage and support their development Yes No Q.13 Employees work is challenging, stimulating and rewarding Yes No Q.14 Environment in the organization supports a balance between work and personal life Yes No 62 Q.15 Able to satisfy both job and family responsibilities Yes No Q.16 People are held accountable for the quality of work Yes No Q.17 Employee performance evaluations are fair and enough Yes No Q.18 Receive useful and valuable feedback from their managers Yes No Q.19 Supervisor gives them praise and recognition when they do a good job Yes No 63 BIBLOGRAPHY www.wikipedia.org www.wipro.org www.custominsight.com www.forbes.com 64