Final Report

Submitted to CHITKARA BUSINESS SCHOOLIn fond(p) fulfillment of the requirement for the award of degree ofBachelor of Commerce 2015-2018 Submitted by supervise bySanchit Grover Dr. Rashmi Aggarwal 1520991298 prof CHITKARA BUSINESS SCHOOLCHITKARA UNIVERSITY2018CERTIFICATE OF INTERNSHIP COMPLETIONCANDIDATES DECLARATIONI hereby bothege that the major project which is puted in this report entitled EMPLOYMENT RETENTION AND MOTIVATIONAL STRATEGIES submitted in the partial fulfillment of the requirements for the award of the BCOM FINAL YEAR to the Chitkara University, Punjab Campus is an au accordinglytic record of my own sour carried out at Chitkara University, Punjab Campus. The material embodied in this project work has not been submitted to both(prenominal) separate university or insane asylum for the award of any degree.SANCHIT GROVER 1520991298 AcknowledgementIn performing my project, I surrender taken the help and guideline of some prize Persons, who deserve our capaci ousest gratitude. The completion of this project gives us much pleasure. I would same to show my gratitude to Professor Dr. Rashmi Aggarwal for giving guidelines for project throughout numerous consultations.I would also like to expand my deepest gratitude to in all those who welcome directly and indirectly guided me in writing this assignment. I extend my gratitude to my managing director Mr. Rajesh Kumar , my Head Mr. Dushyant Yadav and all my colleagues, friends for their support, guidance and assistance for ongoing industrial training and for preparing the project report. I thank all the passel for their help directly and indirectly to complete my assignment.Sanchit Grover1520991298Executive summaryI did my internship in RCMICCI, Chandigarh. In todays competitive world NGO have become more than(prenominal) and more popular. In this agreement I worked under the Managing Director, Mr. Rajesh Kumar.. n atomic number 53-governmental constitutions,nongovernmentalorganization s, ornongovernment organizations, comm solo referred to asNGOs, ar usuallynonprofitand sometimes global organizations independent of governments and international governmental organizations (though often funded by governments)that are active in humanitarian, upbringingal, healthcare, public policy, social, human rights, surroundingsal, and other areas to effect changes according to their objectives.They are and so a subgroup of all organizations founded by citizens, which include clubs and other sleepersthat provide services, benefits, and premises only to members. Sometimes the barrier is used as a synonym of civil society organization to refer to any association founded by citizens,but this is not how the term is normally used in the media oreveryday quarrel, as recorded by major dictionaries.The explanation of the term by NGO.org (the non-governmental organizations associated with the United Nations) is ambivalent. It first says an NGO isany non-profit, voluntary citizen s group which is organized on a local, national or international level, but then goes on to restrict the meaning in the sense used by most English speakers and the mediaTask-oriented and driven by pack with a common interest, NGOs perform a variety of service and humanitarian functions, land citizen concerns to Governments, advocate and monitor policies and encourage political participation through provision of information.CHAPTER- 1Introductory ChapterEmployment keeping Employment retention is basi watchwordy the ability of an organization to retain the employees. It is possible to present employment holding through statistics. context is employment store is related to the efforts of employers in retaining the employees in their workforce. Retention becomes the strategies rather than the moment thither should be a distinction between the top performers and low performing employees and the efforts to retain the employees should be targeted as valuable.Employee turnoveris a symptom of deeper issues that have not been resolved, which may include lowemployee morale, absence of a clear career path, overleap of recognition, poor employee-manager relationships or many other issues. A lack of satisfaction and commitment to the organization can also cause an employee to withdraw and begin looking for other opportunities.Learning from study Retention and pauperism strategies help organizations to attain organizational efficiency on peerless hand by increasing the productivity and profitability while on the other hand it satisfies the individuals ineluctably of employees by reducing stress, job insecurity and increasing loyalty and commitment and job satisfaction.Motivation and retention are considered as valued tool for organizational performance and achieving quality of work life. In the present era of competition and globalization there is a need to pay attention towards the employees motivation and retention in stray to achieve growth and success and developing such a work environment where employees enjoy their work and give their best.Introduction to my workCompany Name is RCMICCI, RCMICCI, was registered with the Registrar of Societies, under Societies allowance Act XXI of 1860 Under No. 55/63 of 2006, in New Delhi. The association brings in concert all the exhibition organizers, managers, designers dead end contractors, charge forwarders, services facilities providers, venue owners etc. so that there is a common platform for them..Sub kinfolk is Indian Non- Government Organization. Primary attitude is Delhi. Main language of this organization is English. Registered process of this company is plan no. 316, Park View Plaza, Ajmal caravan inn Road, Karol Bagh, New Delhi-110005, India . RCMICCI is a proactive and dynamic multi-state apex organization working at the grass-root level and with strong national and international linkages. The Chamber acts as a throttle in the promotion of manufacture, trade and entrepr eneurship.RCMICCI, through its research-based policy advocacy role, positively impacts the economic growth and instruction of the nation.RCMICCI is more than an organization of the art community, as it lives by the chosen motto In Communitys Life digress of It and contributes significantly to socio-economic development and capacity building in several(prenominal) fields.Besides the trade promotion and business development RCMICCI is committed to the upliftment of its members through various methods RCMICCI (Reserve kin & minority Indian Chambers of Commerce and Industry).We are an organization working for the growth of business to the Reserve Category and Minority based MSME industries and large descale industries wide organizing the regular interactive sessions with the sectors giants like Buyer vendor meet, Trade Fairs, Seminars, Etc.Project Undertaken The topic undertaken by me for research and project is Employment retention and motivational strategies.Employment Reten tion is basically the ability of an organization to retain the employees. It is possible to present employment retention through statistics. Consideration is employment retention is related to the efforts of employers in retaining the employees in their workforce. Retention becomes the strategies rather than the outcome in that respect should be a distinction between the top performers and low performing employees and the efforts to retain the employees should be targeted as valuable.Here, motivation plays the most important role as employees needs motivation to complete their chores, may it be fiscal or non m angiotensin-converting enzymetary. Considering the case of NGO, where Ive done my internship from, is an exclusive voluntary group of individuals operated not for profit or any commercial purpose, but to serve the general public and also enhance the industrial activities in various measure. India having huge unemployment rate puzzles the situation worse, this NGO helps th e needy as much as possible.In the on-going scenario low income and job security are the biggest problems. Therefore, there is a pressure of NGOs in such areas with aiming to address the social challenges faced by that region. The NGOs engage staff to complete their agenda within their lifetime. 2.1) Introduction to Corporate2.1.1) historical Background Company Name is RCMICCI, RCMICCI, was registered with the Registrar of Societies, Under Societies Registration Act XXI of 1860 Under No. 55/63 of 2006, in New Delhi.The association brings together all the exhibition organizers, managers, designers & stand contractors, freight forwarders, services & facilities providers, venue owners etc. so that there is a common platform for them.. Sub category is Indian Non- Government Organization. Primary localization of function is Delhi. Main language of this organization is English. Registered address of this company is Plot no. 316, Park View Plaza, Ajmal Khan Road, Karol Bagh, New Delhi-11 0005, India .RCMICCI is a proactive and dynamic multi-state apex organization working at the grass-root level and with strong national and international linkages. The Chamber acts as a catalyst in the promotion of industry, trade and entrepreneurship. RCMICCI, through its research-based policy advocacy role, positively impacts the economic growth and development of the nation.RCMICCI is more than an organization of the business community, as it lives by the chosen motto In Communitys Life & Part of It and contributes significantly to socio-economic development and capacity building in several fields.Besides the trade promotion and business development RCMICCI is committed to the upliftment of its members through various methods RCMICCI (Reserve Category Minority Indian Chambers of Commerce and Industry).We are an organization working for the growth of business to the Reserve Category and Minority based MSME industries and large scale industries wide organizing the regular interacti ve sessions with the sectors giants like Buyer Seller meet, Trade Fairs, Seminars, Etc.2.1.2) Mission In order to provide marketing opportunities to MSMEs within the country, certain theme based exhibitions / technology fairs etc. organized by RCMICCI, focused on products and services offered by MSMEs specially for all reserve category and minority element of our society which include technologies suitable for employment generation, products from specific regions or clusters (like Food processing, Machine-tools, Electronics, Leather etc). Micro, Small average Enterprises would be provided space at concessional rates to exhibit their products and services in such exhibitions/fairs.Apart from supra RCMICCI also facilitates participation of MSMEs in the exhibitions / trade fairs / events being organized in various State all over the country to exhibit their products and services. These exhibitions may be organized in consultation with the concerned stakeholders and industry associa tions etc.The calendar for these events may be finalized well in advance and publicized widely amongst all members. The calendar of events would also be displayed on the Web-site of RCMICCI. Participation in such events is expected to help the MSMEs in enhancing their marketing avenues by way of capturing new markets and expanding existing markets. This would also help them in becoming ancillaries, partners in joint ventures and sub-contracting for large companies.We provides strategies for expanding business , by organizing specialized business events and simultaneously working with the Government by providing policy suggestions which are essentially based on inputs collated from research and industry .2.1.3) Vision Weve seen children who have the latent to achieve alot in their life, but they lack achieving it because of lack of finance and resources.Many women capable of touching the skies are unable to attain their goals.our vision is to contribute the maximum of what we earn t owards the education of all those poor students who are unable to spend on their education. We promote every small thing that would further contribute to the eudaemonia of the nation as well as the citizens. Small startups by various households are being more and more encouraged. Further how can we forget the women empowerment.We encourage more and more women entrepreneurship so as to make the women of now with the best potential and who are capable of being independent of all. 2.1.4) Industry profileRCMICCI being a national body representing all segments of the exhibition industry comprising of organizers, venue owners, and service providers like stand construction companies, logistics, etc the vision and mission of IEIA, besides driving the association, is to promote Indian exhibitions and trade fairs as a cost effective marketing medium nationally and internationally.In the increasing digital age, Exhibitions are the only media where buyers, sellers and products tangiblely come together and thus become a potent force for business. Exhibitions are one of the most effective media for establishing and maintaining customer relations. Exhibitions become a success only if it is planned and organized properly by taking into account the position of the stalls and the total ambience of the hall etc.2.2) Name and location of group companyCompany Name is RCMICCI, RCMICCI, was registered with the Registrar of Societies, Under Societies Registration Act XXI of 1860 Under No. 55/63 of 2006, in New DelhiSub category is Indian Non- Government Organization. Primary location is Delhi. Main language of this organization is English. Registered address of this company is Plot no. 316, Park View Plaza, Ajmal Khan Road, Karol Bagh, New Delhi-110005, India .2.3)ServicesRCMICCI organises trade fairs and being a non profit organisation, serves the society well by promoting women entrepreneurship , contributes to the education of those kids whose families cannot expend it or the o nes without a family and also promotes startups which encourages the ones who have good plans and are willing to do something of their own.2.4) Department of work in Organisation I worked with event manager Mr. Dushyant Yadav .He guided me very nicely and properly.In the organization where I am doing my internship is that I am learning the overall care that includes client relation, time management and at last man power management. Commitment, leadership and mental and physical devotion are the centre of attention factors needed to manage any type of event. Irrespective of the type or the scale of the event, the mental and physical hard work that is to be put in, differs only by a negligible degree of difference.There are innumerable activities that have to be carried out. First of all forming commissionings, then allocating different jobs to each committee is the very first step. Here all the theoretical concepts learnt up till now in subjects like public relations, human resour ce planning, logistics, human skills, controlling, accounts, organizing, and others come into actual use. As an event manager one must have a lot of flexibility in terms of working pattern.Be exhaust to do all sorts of jobs irrespective of your position.2.4.2- Roles Assigned The roles appoint to me were The duty assigned to me was to arrange more and more sponsors for the exhibition and further I was delegated to handle and manage the entire finance of the event so organized. There were various sponsors who showed a lot of interest to be a part of our exhibition and were attracted by the actor of organizing such events.Some of the sponsors that joined us were Jio LIC Mewara University Maya Garden Magnesia Radio Mirchi Dainik Bhaskar Ajit2.5) LessonWorking under RCMICCI was a great experience and moreover got a lot more to learn in the practical sense. The works assigned to me helped a lot in gaining various skills relating to event management. As I was asked to approach the spon sors , this task helped me a lot in enhancing my client relations skill. As it helped me how to deal with different sorts of people differently and influencing them with your words.Secondly, I got to develop my marketing skills as well as the management skills. I was also assigned the task of handling the finance which eventually helped in developing the skills.Being an NGO RCMICCI donates it earnings and profits towards the encouragement of education among the poor sector. Which too taught me about working selflessly for the society and the welfare of those who cannot afford the essentialities of ones life. 2.5.2) Lessons/experience learnt including skills obtained chat Skills Interaction with senior staff members and distinct customers helped me to boost up my communication skills.Teamwork Skills People in the workplace performteamworkwhen workers combine their individual skills in pursuit of a goal.Interpersonal Skills Interpersonal skillsare the tools people use to interact and communicate with individuals in an organizational environment.Problem-solving Skills I benefited from having good problem solving skills as we all encounter problems on a daily basis, some of these problems are obviously more intemperate or complex than others.Organizational Skills Organizational skills in the workplace include general organizing, planning, and time management, scheduling, set up resources and meeting deadlines.PRE-PLACEMENT OFFER OR AWARD OF RECOGNITIONBeing an NGO that organizes events time to time, they dont hire an employee on an regular basis. Whenever an event such as trade fairs , exhibitions etc. are organized they do call their best representatives for helping them out and for that work Ive been strongly recommended. Also along with my internship certificate theyve rated me excellent for that purpose.