PRESENTATION

ON
INDUSTRIAL TRAINING PROJECT

PR ESEN T E D B Y :
NE HA S I N G L A
MB A 2C
 TITLE

STUDY OF
EMPLOYEE SATISFACTION LEVEL
At CORPORATE OFFICE
(VARDHMAN TEXTILES LIMITED)
 CONTENT
vSCOPE OF INDIAN S
TEXTILE INDUSTRY
vCOMPANY PROFILE
vIntroduction to Employee Satisfaction
vObjectives of the study
vReview of literature
vResearch methodology
vLimitations
vData analysis and Interpretation
vFindings
vRecommendations
vConclusion
vBibliography
v
 INDIAN TEXTILE INDUSTRY

ØTextile accounts for 14 % of India’s industrial production

and around 27%
of its exports earnings.
Ø
Ø

ØIndustry uses a wide variety of fibers ranging from natural

fibers
to manmade fibers.

ØProviding direct employment to an estimated 35 million

people, by
contributing 4% of GDP and 14% of value addition in
manufacturing
sector.
Ø
ØIt is the second largest employer after the agriculture
sector in
both rural and urban areas.
Ø
ØAlmost all sectors of textile industry have shown
 SEGMENTS OF INDIAN TEXTILE INDUSTRY

•Woolen Textile
•

•Cotton Textiles
•

•Silk Textiles
•

•Readymade Garments
•

•Jute And Coir

•

•Hand-Crafted Textile Like Carpets

•Man Made Textiles
 VARDHMAN TEXTILES LTD.
COMPANY PROFILE
Registered office/ corporate office : Chandigarh Road
(Ludhiana, Punjab)

Date of incorporation : 27 December, 1962

Listings on Stock Exchange : Bombay Stock Exchange,

National Stock Exchange

(Mumbai)
Historical Background of Vardhman Group

ØThe Vardhman Group was setup in 1962

Ø
ØHumble beginnings in 1965 at Ludhiana with a
Spinning Mill with an installed capacity of 14,000
Spindles
Ø
ØIn the year 1986 the group entered the sewing thread
market with its plant at Hoshiarpur.
Ø
ØIn the year 1986 Vardhman acquired Mohta Special
Steels is known as Vardhman Special Steels,
Ludhiana.
✍
ØVardhman commissioned our yarn unit in 2007 –with an initial
capacity of 30000 spindles. The Unit is well on its way of
achieving the ultimate capacity of 223416 spindles.
Ø
ØThe integrated Unit of the group – Vardhman Fabrics - has
also been commissioned in 2007.
Ø
ØThe Group is, now, one of the largest textile conglomerate in
the country with a turnover of about Rs. 2767 Crores (2009-
10).
Ø
ØThe Group presently (2009-10) with an installed capacity of
8.59 Lac spindles, 3768 rotors, 900 air jet looms

✍
Listed Companies
•Vardhman Textiles Limited (formerly Mahavir Spinning Mills Limited)

•Vardhman Acrylics Limited

•Vardhman Holdings Limited (formerly Vardhman Spinning &

General Mills Limited)

Unlisted Companies

•VMT Spinning Company Limited

•Vardhman Yarns and Threads Limited

•Vardhman Texgarment Limited

 LOGO OF VARDHMAN GROUP

signifies Growth

symbolizes cotton that is the Basic Raw Material of the Core Pro

nds for the Vardhman Group.

 MISSION

ØWorld Class Textile Organization producing diverse

range of
Products for the global textile market.

ØCommitted to be a responsible corporate citizen.

“ BEING WORLD CLASS SPINNERS BY PROVIDING HIGHEST

QUALITY
PRODUCTS WITHIN MINIMUM COST ”.
 Vision

Vardhman – Rooted in Values, Creating World Class Textiles

•Superior Products, High Standards of Quality and Performance,

•Distinctive Competitive Strategies and Highest Integrity and
Commitment of the people.
 PRODUCTS

Sewing Thread Fabrics YARN

STEEL ACRYLIC FIBRE

 BOARD OF DIRECTORS

Chairman and Managing Director Mr. S P Oswal

Managing Director, Vardhman Yarns and Threads Mr. D L Sharma
Managing
Limited Director, Vardhman Acrylic Limited Mr. B K Choudhary
Executive Director, Vardhman Textiles Limited Mr. Sachit Jain
Executive Director, Vardhman Textiles ltd. Ms. Suchita Jain
President and Director (Incharge Baddi operations) Mr. I M J S Sidhu
Executive Director, Vardhman Textiles ltd. Mr. Neeraj Jain
Chief Executive,Vardhman Spinning and GeneralMil Mr. V. K. Goyal
Chief Executive Financial Controller, Vardhman Mr. D.K Sindwani
Spinning & General Mills Limited
 GLOBAL INTERNATIONAL ALLIANCE

Product / Process Global Partners

Fabric Dyeing and Takai , Senko , Japan

Finishing
Fibre and Yarn Dyeing Nihon Sanmo Dyeing
Corporation Ltd ., Japan

Gassed Mercerized Yarns Kyung Bang , South Korea

Sewing Thread American & Efrid Inc ., USA

Acrylic Fibre Marubeni Corporation &

Japan Exlan , Japan
 THE CORPORATE OFFICE

Being in November 1995.

Chairman and Managing Director’s office Managing Director’s office

Executive Director’s office Corporate MIS department

Corporate Finance & Accounts department Corporate Taxation department

Corporate HR & Personnel department Corporate Raw Material dept

Corporate Secretarial department Central Marketing Yarns dept

Corporate Law department Corporate Exports department

Corporate Projects & Purchase department Corporate Internal Audit dept

Corporate Commercial department

Functional departments housed in Corporate Office

Department Head of the department

Corporate MIS Mr. Neeraj Jain

Finance and Accounts, Taxation and Secretarial Mr. Rajiv Thapar

Central Marketing Yarns Mr. Vijay Puniyani

Exports Mr. Harinder pal Singh Rana

Projects & Purchase Mr. D.S. Kalra

Internal Audit Mr. Deepak Sood

Law and Commercial Mr. Rajesh Chopra

EDP & IT Mr. Z.S. Choudhry

HR Ms. Suchita Jain

Raw Material Mr. I.J. Dhuria

 HR DEPARTNMENT

The major functions of the department can be explain

as follows –
•Recruitment
1 . Scheme recruitment ( on campus and off campus
ET recruitment )
2 . Direct recruitment

•Salary administration for corporate office and for

all employees across the
Group falling in M4 and above

•Training and development

•Performance management
•
•Wage studies ( workers )
•
•Getting the joining formalities done for employees
joining in Corporate office
•
•Exit formalities
1 . Clearance / no dues forms
2 . Exit interviews
3 . Farewell
4.
•Loan applications ( general / furniture /
vehicle )
•
•Administration
1.
•Medical insurance ( medical and group
term )
•
•Summer trainees
•
•Handling internal queries / grievance of
employees
 SWOT ANALYSIS OF THE VARDHMAN GROUP

•Strengths :-
1.Good Brand Equity

2. Good technological base with Foreign

Collaboration

3. High Quality Standards

4. High Production Capacity

5. Commitment for growth

•Weaknesses :-
1.Comparatively high prices

2. Lesser degree of promotional activity

3. Long Hierarchy
•Opportunities:-
1. As brand image is very good ,Vardhman can have some good
customers.
2. Strict payments are strengths at times as well as weakness.
3. Customers shall be attracted to buy more and regularly.
4. Shortened hierarchy shall provide hope for better customer
service.

•Threats:-

1.Smaller players in the market are using Vardhman’s process to

push their product at lower prices.
1.
2. Companies from south are entering into Ludhiana market.
1.
3. Capacity of Yarn Spinning is increasing rapidly in comparison to
increase in market size, resulting into the addition of new
players.
 INTRODUCTION TO EMPLOYEE SATISFACTION

Need of Employee Satisfaction Survey

ØRapidly growing
organization

ØHigh or growing turnover

rate
Ø
ØHighly competitive
industry
ELEMENTS OF JOB SATISFACTION

Importance of employee satisfaction in an organizat

 Objectives of the Study

•To identify the factors which influence the Job satisfac

of employees. 

•To observe the Human resource development in the Vardhma

Textiles Limited at Corporate Office.

•To suggest measures to improve the Satisfaction level of

employees.
 RESEARCH METHODOLOGY

RESEARCH DESIGN
In my research , Descriptive research design have
followed
 
DATA COLLECTION
primary data.
Primary data is collected by Questionnaire.

 
Sample Design and Size
  Sample size is 100 employees
Sampling frame:
Sample frame = ALL Employees of different
department at Corporate Office

Sampling technique

•Snowball Sampling.
•Convenience Sampling.
 Limitations of the
Study

1.TIME

2. AUTHENTICITY OF FEEDBACK

3. ATTITUDE AND BEHAVIOUR

4. LIMITED KNOWLEDGE :-
Data Analysis and Interpretation
N=100 Table 4 ( a ). 1Belongingness to the Department

DEPARTMENT NO. OF RESPONDANTS PERCENTAG

E
MIS MATERIAL
FINANCE
MARKETING
EXPORT
IT
RAW
COMMERCIAL
LAW
INTERNAL
SECATRIAL
HR AUDIT 17
647515
11 17
647515
11
N=100 Table 4 ( a ). 2 Working Experience of an Employee in an Organization

WORKING
Less
2-4
4-6
Moreyear
than
than26year
year
EXPERIENCE 22
NO.OF
29
34
15 PERCENTAGE
29
34
15
22
RESPONDANTS
Table 4 ( a ). 3 Job Suits Your Educational Qualifications and Career Abilities
N=100
N=100 Table 4 ( a ). 4 View the Job

View the job Cumulative sum Percentage

(a) Challenging 49 27.07
(b) Responsible 76 41.98
(c) Motivating 30 16.57
(d) Secured 26 14.36
. Table 4 ( a ). 5 Rank the attributes of Job Satisfaction

N=100
Leadership
Work
Salary
Job
Superior
Motivational
Satisfaction
security
Environment
Structure
Subordinate
factor
factors 455
Cumulative sum
206
405
302
338
394
Relations
N=100
Table 4 ( a ). 6 Level of Satisfaction Regarding Work Environment

Level of -2 -1 0 Neutral 1 Satisfied 2 Highly Total Mean

satisfaction Highly Dissatisfied Satisfied
Work 0
dissatisfied 7 23 61 9
Environment 0 -7 0 61 18 72 .72
bleN=4100
( a ). 7 Level of satisfaction regarding the Team Spirit, Leadership Skill in your d

Level of -2 -1 Dissatisfied 0 Neutral 1 Satisfied 2 Highly Total Mean

satisfaction Highly Satisfied
Team Spirit, 0
dissatisfied 6 27 58 9
Leadership Skills 0 -6 0 58 18 70 .70
N=100 Table 4 ( a ). 8 Satisfaction level towards Job Security

Level of -2 -1 0 Neutral 1 Satisfied 2 Highly Total Mean

satisfaction Highly Dissatisfied Satisfied
Job security 0
dissatisfied 1 30 48 21
0 -1 0 48 42 89 .89
N=100Table 4 ( a ). 9 Satisfaction Regarding Present Position in the Company
N=100
Table 4 ( a ). 10 Company clearly Communicates its strategies, goals To Employee
 N=100
a ). 11 Company spend reasonable time, efforts, money in Human Resource Developm
N=100
Table 4 ( a ). 13 Quality of Training and Development given to Employees
N=100 Table 4 ( a ). 14 Kind of facilities are provided to employees

Facilities
(a)
(b)
(c)
(d)
(e)
(f)
(g) Retirement
Life
Salary
Medical
Transport
Education
Housing
Insurance
Structure
facilities
facilities
facilities
Benefit
facility
facility 822
Cumulative sum
11
52
55
17
31 Percentage
5.61
26.53
28.06
8.67
15.81
11.22
4.08
N=100
Table 4 ( a ). 15 Satisfaction level towards facilities Provided in the Organiza

Facilities -2 -1 0 1 2 Total Mean

Leave 3 22 30 45 0
-6 -22 0 45 0 17 .17
Housing 5 30 54 7 0
-10 -30 0 7 0 -33 - .33
Life Insurance 1 12 47 40 0
-2 -12 0 40 0 26 .26
Educational 5 28 49 19 0
Assistance -10 -28 0 19 0 -19 -.19
Retirement 6 27 46 19 0
-12 -27 0 19 0 -20 -.20
Health 3 27 29 39 2
-6 -27 0 39 4 6 .06
Transport 6 30 45 18 0
-12 -30 0 18 0 -24 -.24
N=100
Table 4(a).16 Level of Satisfaction derived from various factors

Level of -2 -1 0 1 2 Total Mean

Satisfaction
Monetary 7 31 35 21 6
Incentives -14 -31 0 21 12 -12 -.12
Growth and 2 27 35 33 3
Opportunities -4 -27 0 33 6 8 .08
Performance 4 22 32 38 4 16 .16
Appraisal -8 -22 0 38 8
Table 4(a).17 Level of Satisfaction regarding Interpersonal Relations at W
N=100 Level of -2 -1 0 Neutral 1 2 Highly Total Mean
satisfaction Highly Dissatisfied Satisfied Satisfied
Interpersonal 0 1 21 72 6
dissatisfied
Relations 0 -1 0 72 12 83 .83
able 4(a).18 Superior provide you proper feedback about the w

GRAPH
Table 4(a). 19 Feel any stress with the Job .
 Table 4(a) 20. Overall Satisfaction level with the Job

Level of -2 -1 0 1 2 Highly Total Mean

satisfaction Highly Dissatisfied Neutral Satisfied Satisfied
dissatisfied

Overall 1 5 41 50 3
Satisfaction -2 -5 0 50 6 49 .49
FINDINGS
 

CONCLUSION
 SUGGESTIONS AND RECOMMENDATIONS

ØCompany needs to revise the pay scale of the employees.

ØTimely and adequate increments should be there for the

employees.

ØOrganization should provide better Housing, Retirement

benefits, Educational Assistance, Leave, Health, transportation
facilities.
Ø
ØEmployee motivation should be encouraged.

ØInterpersonal relations should be more developed. Superior

subordinate relations should be fine and hierarchy should be
shortened

ØTime to time profile changes for the employees

ØThere should be job rotation for the employees in all dept ,

so the employees can know all other activities

ØIncrease staff level salary taking into consideration