We have selected this problem because a lot of organizations now days are facing problems regarding employee turnover, as a result they suffer huge losses in form of reduction in Goodwill, Profits etc. This problem has been brought in front of many Experts for some suitable recommendations to overcome it. Employees are the strength for any organization and an organization with a habit of firing and hiring employees never lasts long. So keeping these factors in mind we have selected this Problem area so we can identify the factors which can cause the employees not to leave there organizations and be loyal to them.
Research Objectives
The objectives of a research project summarize what is to be achieved by the study. Objectives should be closely related to the statement of the problem. The general objective of a study states what researchers expect to achieve by the study in general terms. It is possible (and advisable) to break down a general objective into smaller, logically connected parts. These are normally referred to as specific objectives.
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Theoretical Framework:
The theoretical framework is supposed to help the reader make logical sense of the relationships of the variables and factors that have been deemed relevant/important to the problem. It provides the relationships between all the variables so the reader can understand the theorized relationships between them. Followings are the most effective and interrelated variables we discover through parsimony method.
Dependant Variable:
It is the variable of primary interest to the research. Employee Loyalty is the dependent variable in our research.
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Independent Variable:
Influence on dependent variable either in positive or negative way. Job Satisfaction, Satisfaction with salary, Job Security, Job Rotation, Career Enhancement Opportunity, Incentives, Working Environment.
Moderating Variable:
The moderating variable is one that has a strong contingent effect on the independent variable and dependent variable relationship. In other words we can say; better explanation of relationship between two variables. Incentives are independent variable but bonuses is moderating variable and give better understanding the relationship.
DATA COLLECTION TECHNIQUES
1. Interviews
Unstructured
Unstructured Interviews are a method of interviews where questions can be changed or adapted to meet the respondent’s intelligence, understanding or belief. Unlike a structured interview they do not offer a limited, pre-set range of answers for a respondent to choose, but instead advocate listening to how each individual person responds to the question.
We interviewed the employees in different organizations. The basic purpose was to get to know the real problem faced regarding employee loyalty and we came to know about the factors which played a major role in causing it. Factors which contributed the most were Incentives and bonus, promotions, job security.
Structured
The aim of this approach is to ensure that each interview is presented with exactly the same questions in the same order. This ensures that answers can be reliably aggregated and that comparisons can be made with confidence between sample subgroups or between different survey periods.
1. Please tell me about yourself. How would you describe yourself?
2. What skills and abilities do you possess that will help make you successful in today’s job market?
3. For you, what are some of the pros and cons of working on a team project?
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4. What kind of relationship should exist between a supervisor and those reporting to him or her?
5. Who was the most difficult person you have ever dealt with, and how did you respond?
6. Why did you select this Company? What are your career expectations from this company?
7. What are your short-range and long-range goals and objectives? How are you preparing to achieve them?
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8. What are your goals and aspirations for the next three years? Five years?
9. What did you enjoy most about your previous job experiences?
10. When comparing one company offer to another, what factors will be important to you besides salary?
2. Questionnaire
This survey is another mode we adopted to get to know of the variables which affected employee Loyalty for an organization. We developed a set of questions and the formats we selected were a mixture of closed format questions, category scale and likert scale. As the questionnaire is the written record of choice of respondent, we made sure there was no biasness and we came to know which were the factors which contributed the most in causing employee loyalty for the organization less incentives, less promotions, less career opportunities.
How would you rate your job in each of the areas below?
Excellent
Good
Average
Poor
Very Poor
1. Having what you need to do your job
2. Ability to have to impact
3. Receiving supervision and feedback
4. On the job training
5. Opportunities for personal development
6. Opportunities for advancement
7. Teamwork within your department
8. Caring about employees
9. Attracting high quality employees
10. Retaining high quality employees
11. Teamwork across departments
How would you rate your job in each of the areas below?
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
12. The company provides you with the type of benefits you need?
13. The company provides the type of benefits your family needs?
14. You understand the company’s benefit options?
15. The company provides benefits that compare favorably with other companies in the industry?
16. That you receive appropriate salary for your contributions?
17. That your work gives you a sense of personal accomplishment?
18. Satisfaction with your direct supervisor?
19. Satisfaction with your overall job security?
20. Satisfaction with the company as a place to work?
21. Satisfaction with your job overall?
22. Compared with a year ago, how would you describe your overall job satisfaction today?
Much more satisfied
How would you rate your job in each of the areas below?
Very Satisfied
Satisfied
Neutral
Dissatisfied
Very Dissatisfied
23. Your manager has worked with you to identify your strengths and development areas?
24. With how your manager has worked with you to create a development plan?
25. With how your manager has worked with you to create a career path?
26. With the quality of training and development that you receive?
27. My efforts to improve myself are supported by my manager.
28. I receive fair and honest performance evaluations.
29. I have real opportunities for career development in the company.
30. I expect to have a long career with this company.
31. I would recommend the company as a place to work.
32. I frequently transfer to different departments.
33. I feel I am being paid a fair amount for the work I do.
Much more satisfied
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