Ob Assignment for Pgdmm

Internal Assignment for December 2014 Examination:

Course: Organizational Behavior

Program: PGDMM

Question 1: As a Manager how you will use organization behavior in practice in your

organization for :

a) Employee Retention

b) Job Satisfaction

c) Managing Diverse Workforce

Answer:

A) EMPLOYEE RETENTION:

Every employee is considered an asset to the company, hence retaining the right

candidate is vital for any company success in long term. Thus we need to have a

strategic approach to ensure the attrition is low. For that, let us begin with

listing out the main reasons for any employee leaving the organization.



Poor Salary/ Employee Benefits



Lack of work life balance.



Not satisfied with management.



Lack of training and development.



No career growth.

To overcome the above mentioned reasons ,we need to adopt the below methods :

1. Offering financial rewards:

Performance Based: Any individual would be ready to contribute a bit more than

his routine work if its going to be recognized or rewarded for. We need to create

a bonus structure wherein an employee is entitled to earn over and above his

salary which can be directly linked to his performance; which inturn would be a

win-win situation fpor the company as well.

Time Based: Also a part of the performance based bonus can be linked to

duration for which he sticks to the company; For example, 20% of annual bonus

earned to be linked to 5 years duration for which employee works in the

company; i.e If an employee stays in company for 5 years ,only then he/she

would be eligible to encash 20% of the bonus.

2. Fostering regular communication with Management:

One way to ensure an open communication with employees and management is

through regular

casual

meetings

wherein

every

individual gives

his

feedback/suggestions to effectively increase satisfaction levels. This discussion

in open forum will also help employee- manager...