Mittal Research Project
Mittal Research Project
Mittal Research Project
On
An analysis of Employee Retention
At
Submitted to
Prepared by:
Rohit
Mittal
22B3M109
MBA (Semester – III)
Month & Year:
September 2023
Student’s Declaration Form
I hereby declare that the Summer Internship Project Report titled Role of An analysis
of employee retention at Ravago Manufacturing India Pvt. Ltd. is the result of my own
work and my indebtedness to other work publications, references, if any, have been
duly acknowledged. If I am found guilty of copying from any other report or published
information and showing as my original work, or extending plagiarism limit, I understand
that I shall be liable and punishable by the university, which may include ‘Fail’ in
examination or any other punishment that university may decide.
Institute Certificate
This is to certify that this Summer Internship Project Report Titled “Role of Artificial
Intelligence in Recruitment and Selection” is the bonafide work of ROHIT
MITTAL (22B3M109), who has carried out his/her project under my supervision. I also
certify further, that to the best of my knowledge the work reported herein does not form part of
any other project report or dissertation on the basis of which a degree or award was
conferred on an earlier occasion on this or any other candidate. I have also checked
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This is to certify that project work embodied in this report entitled Role of Artificial Intelligence
in Recruitment and Selection was carried out by ROHIT MITTAL (22B3M109) of
ITM(SLS)Baroda University.
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This report is for the partial fulfilment of the requirement of the award of the degree of Master of
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AC
KN
OW
LE
DG
EM
EN
T
How can you forget that faces, who helped you to accomplished this project in a very successful
manner, isn’t it? This is because, we would like to express my heartfelt gratitude of thanks to
the ones who have best owned me their blessing and the heart pledged support.
Guide is the one who has shown us the correct way of initiating work at any time and hence
we would like thank Prof. Tanveer Qureshi (Assistant Professor, School of Business, ITMBU)
from the bottom of my heart for lighting our path despite of her busy schedule. After that,
corporate world is the place where you can expose the knowledge you have learnt in
your books, and when you are getting a good work life culture, you consider yourself as a
luck one, but if you have a corporate guide like Mr. Harsh BramBhatt and Mr. Vipul
Bhimani (HR admin & head, Ravago Manufacturing India), then you are the luckiest one.
Also, we would to thank him for guiding and motivating us to complete this partial Inter-
Disciplinary Action Project, which would completely ending by 4thSemester of our MBA
program.
Last but not the least, we would like to thank our parents and friends for their respective
suggestions and a strong support for the completion of this Internship program.
Company Certificate
Plagiarism Report
TABLE OF CONTENTS
Sr Topic Page No.
No.
1 Industry Analysis
1.1 About the Industry
1.2 SWOT Analysis
1.3 Growth of Industry
1.4 Market Share Of RAVAGO
2 Company Analysis
2.1 About the company
2.2 Historical Development Stages
2.3 Mission & Vision
2.4 Special Achievement
2.5 Product Profile
2.6 Main Competitors
3 Study On Topic
3.1 Introduction of The Topic
3.2 Literature Review
3.3 Background of The Study
3.4 Problem Statement
3.5 Objective of the Study
Raf Van
Gorp
Introduction: -
The company was innovated by Raf Van Gorp. He founded Ravago in 1961. Ravago
is Belgian plastic producing company with its headquarters located in Luxembourg.
Ravago manufacturing produces a wide range of plastic and rubber materials from
high performance engineered resins to recycled post-consumer materials.
Ravago has 22 manufacturing facilities located across north America, Europe, Asia
and turkey.
They are global producer of high-quality plastic compounds, including
polymer, thermoplastic, rubber and engineering plastic.
They offer virgin and recycled products in many polymer types and provide solution a wide
range of markets.
Ravago’s representative their professionalism is the foundation of the company’s credibility.
Ravago’s business model is based on partnership with suppliers, customer,
financial institution etc.
They encourage everyone to welcome others opinion and perspective and not put themselves
about other.
They always recognised employees for their good affords successive and internal incentives.
CEO and president of Ravago’s:
AXEL ROUSSIS
Ravago is active in three markets:
Plastics:
Most activities of Ravago are dealing with plastics as their primary product. The reselling of
commoditized plastics such as polypropylene and polyethylene goes hand in hand with
the distribution of technical products, such as nylon and thermoplastic elastomers.
Chemicals:
In chemical Ravago offers a comprehensive product portfolio of basic raw material
and specialities for a wide range of application such as coating and construction, care
chemicals, polymer processing and manufacturing, water treatment, life sciences, agriculture
and paper.
Building material:
Ravago building solutions has its own manufacturing facilities in insulation, waterproofing,
metal profiles for dry construction and foil and packaging.
Our activities:
Ravago offers local intimacy combined with global scale to all our partners.
Distribution:
Ravago’s distribution activity is a service-oriented business focus on adding value to
our partners throughout the project.
Our business focuses on helping our partners and clients excel in their industries.
Ravago builds loyal relationship with industry leading producers.
Manufacturing:
Within Ravago manufacturing activities we are experienced in a range of
manufacturing expertise covering different disciplines.
Compounding:
Tolling
:
Our tolling division is equipped to serve global as well as domestic partners for their tolling
needs of engineering thermoplastic compounds.
Our team offers extensive knowledge and are abreast to the engineering techniques to provide
our partners with quality tolling services. With a robust production line, we manage
mass polymer production for customers in varying industries.
Weakness: -
Over manpower
Major Attration
Opportunities: -
Government rules by all nations to keep environment clean broadens scope in
international market.
Global market coverage
Threats: -
• Heavy investment in assets
• Competitors treated as big threat
o Demand of prime product
Company Details: -
CIN U25200GJ2018FTC101999
Team of Ravago:
- President: - Vice president: -
Certificate:
International organization of standardization: -
PRESIDENT
UDIT BALUJA
GM-
OPERATION VP- R&D
DEEPAK ATUL RAJA
CHAMOLI
ABS polymers have greater toughness over styrene, this made them suitable for many
applications. ABS becoming the most popular of the engineering polymers.
Example: helmet, printers, musical instruments, vacuum cleaners, MCB, Fan blade, etc.
PC(Polycarbonate):
Thermoplastics:
Thermoplastics are linear or slightly chain polymers. Thermoplastics have the capability
to soften on heating and hard on cooling.
Example: non-stick cookware, laboratory equipment, etc.
PP:
PPO:
PBT:
6. Main competitors: -
PI polymers
Chamco polymers
Styrenic polymers
Appl Industries Limited
Mitsubishi Chemical India Pvt.
Inno Color and Compounds Private Limiteds
Peeco Polytech Pvt Ltd.
Aquent Polymers Private Limited
Calco Poly Technik Private Limited
Study on topic
3.1 Introduction: -
Effective employee retention is a systematic effort by employers to produce and foster
an environment that encourages current workers to remain employed by having programs
and practices in place that address their different requirements.
A strong retention strategy becomes an important recruitment tool. Retention of key
employee is critical to the long-term health and success of any association. It’s a known fact
that retaining your stylish workers ensures client satisfaction, increased product deals,
satisfied associates and reporting staff, effective succession planning and deeply bedded
organizational knowledge and literacy.
Employee retention matters as organizational issues similar as training time and investment,
lost knowledge, insecure employees and costly candidate search are involved.
Employee retention strategies helps organizations provide effective employee communication to
improve commitment and enhance workforce support for key corporate initiatives.
Employee retention is a new era of modern technology and competitive business
environment.
Organizations are continuously changing. This changing environment is not only effecting
the organizations but also the employees working in it.
Employee Retention
Retention is the process by which a company ensures that its employee don’t leave their jobs.
Employee retention is defined as an organization ability to prevent employee turnover or the
number of people who leave their job in a certain period either voluntarily or involuntarily.
Employee retention is a high priority for leading HR organizations today.
Every company and industry have a varying retention rate which indicates the percentage of
employee retention.
Even though a small turnover rate can be healthy depending on the nature of each industry,
higher percentage can be expensive both in terms of money and time.
Employees may leave an organization because of various factors likes lack of
recognition, unfair treatment, unhealthy work environment, reduced compensation, lack of
development and growth opportunities and unchallenging work.
Recognition
Reward
1.Respect:
It is esteem, special regard, or particular consideration given to people. As the
pyramid shows, respect is the foundation of keeping your employees.
2.Recognition:
It is defined as “special notice or attention” and “the act of perceiving clearly.” Many
problems with retention and morale occur because management is not paying attention
to people’s needs and reactions.
3.Rewards:
They are the extra perks you offer beyond the basics of respect and recognition that make it
worth people’s while to work hard, to care, to go beyond the call of duty. While
rewards represent the smallest portion of the retention equation, they are still an important
one.
Sr Ye
3.2Name
LiteratureResearch
Review Research Research Sam Findings
N ar of the Title/topic Objective Hypothesis ple
o. Author Size
1 202 Dr. S. Impact To H1: 125 This study
3 Gokula of employee analyse person contributes to
krishnan, communicati person organization the literature
Satheeshku on organization fit, by
mar and fit, employee clarifying the
rangasamy, person employee communicat relationship
Arundathi organization communicat ion between
k fit ion and employee
on and employee Communicatio
employee employee retention
retention retention strategies
Strategies significantly n,
across differ across person
gender, age, gender, age, organization fit
occupationa occupationa and employee
l l retention.
status, status,
qualificatio qualificatio
n n
and and
experience. experience.
H2:
employee
communicat
ion
and person
organization
fit
are
predicting
employee
retention
Strategies.
2 202 Vijay A study on To analyse No 164 Employee
3 vyankatesh employee the retention
bidnur retention strategies
approaches factors differs
in hospitality influencing from company
employee to
industry retention in company.
the various
hospitality employee
industry, retention
to strategies
understand identified.
the Business
employee leaders should
retention make
strategies in employee
hospitality retention
industry, a
To know priority
the various to increase
strategies productivity
used and gain
to a
improve competitive
employee Advantage
retention in in business.
the
hospitality
industry
3 202 Fahma The effect of This study No 200
2 diena talent aims
achmada, management to determine
Budi on employee the
eko
soetjipto, engagement application
Sopiah and of
sopiah employee talent
retention managemen
in improvingt
to
employee
employee
performance
engagement
and
employee
retention in
improving
employee
performanc
e at pt xyz
Surabaya
employee
4 202 Zafar khan, Investigating To H1: the 70 These
2 Samrat ray the impact of determine results Findings
career the of the support
development simultaneou hypothesis the expectancy
, s effect of testing theory and the
Organization career indicate social
a significant
al developmen Exchange
simultaneou
commitment, t, s effect of theory,
and organization career suggesting that
organization al Developme organizations
al Commitmen nt, can improve
Support t, organization Employee
on employee and al retention
retention organization commitmen by providing
al support t, opportunities
on and for career
employee organization Development,
retention al support promoting
among on organizational
employees. employee commitment,
To retention. and
determine H2: Providing
the positive organization support to their
effect of s can employees.
career Create
developmen a positive
t work
on environmen
employee t and foster
retention employee
Among satisfaction,
employees. ultimately
To leading to
determine Higher
the positive levels
impact of of
organization
al employee
commitmen retention
t
on
employee
Retention
among
employees.
To
determine
the positive
impact of
organization
al support
on
employee
retention
Among
employees.
5 202 Thi The effect of Human H1: 65 This study is
3 tuoi do, bonuses for resource total value done
Van Holidays on managemen bonuses for for
hieu pham, employee t has the investigating
Hung Retention in a decisive Tet the
phoung vu firms role in holiday has impact level
The life a positive Of bonuses for
of an impact on the lunar new
organization employee year holiday
, retention in on
namely, firms. Employee
how H2: bonuses retention in
well the for the firms in
Organizatio Tet holiday the context of
n performs, Vietnam
how in kind has
well the a positive
organization impact
’s on
Strategy can employee
be retentions in
implemente firms.
d, and how
far
The
predetermin
ed goals can
be achieved
6 202 Veronika Employer This study The 153 The results of
2 agustini branding and aims to stronger the this study
srimulyani, employee explain employer support the
Yustinus Performance 1) employer branding, concept of
budi at branding's the act, which
kai: higher
hermanto employee impact the Emphasises
retention' on employee employee the key role of
Role Retention Retention. strategic
as mediator and management in
performanc H2: adapting,
e, Integrating and
the
2) configuring
higher the
employee internal and
employee external
retention's
retention, organisational
impact
the skills,
on employee
higher the Resources and
performanc
employee functional
e,
And Performanc competencies
e. that are
3)
in accordance
employer with the
branding's Needs
impact of
on employee environmental
performanc changes.
e
through
employee
Retention as
a mediator.
7 202 Prasoon The This H1: 127 The findings
3 mishra impact of research training and of the study
study developmen will
learning and aims to t Contribute to
development investigate opportunitie the
on employee the s
retention impact of significantly development
contribute of evidence-
In Learning
to employee based
organization and
retention hr policies
s developmen
t And
on H2: practices that
employee more support
retention in positive employee
Organizatio perception retention and
ns. of Organizational
The study their success.
uses a organization
mixed- and
methods are more
research likely tostay
Approach, to
including a employee
literature retention
review
and a survey
of
Employees
in
different
industries.
8 202 Zhafirah Analysis of This H1: it is 74 Training has a
3 ayudo, training research suspected Significant
Budiono effect aims that positive effect
on employee to explain training has on
performance how training a employee
through impacts significant performance.
Employee employee Training has a
retention performanc effect
on significant
to the e Positive effect
employee employee
Through on
performanc
employee employee
e.
retention at retention.
H2: it
the Employee
is suspected
main retention has
office that
training has a significant
and Negative effect
afdeling a
significant on
puring employee
employees effect
on performance.
of And
Pt employee
retention last, employee
retention
cannot
Mediate
training
on employee
performance
9 202 Samavla In Identify H1: 623 Businesses
3 muneer, human the organization should
Muhamma resources important al make
d exploring the individual culture has efforts
zulqarnain, multidimensi and positive and to
sufyan onal organization significant develop
ahamad factors which al elements impact
influencing that a
on
Employee affect employee culture
retention employee retention. and leadership
Retention. H2: that inspire
investigate leadership Employees
the styles to feel valued
connections have and
and positive appreciated.
interactions and Training
between significant courses,
these impact programmes
variables to on the
comprehend to foster
employee new leaders,
how retention.
They And
H3: an
together job
affect encouraging
satisfaction
employee office
has positive
retention. atmosphere
and
can all help.
significant
impact
on the
employee
retention.
H4:
employee
engagement
has positive
and
significant
impact
on the
employee
retention.
10 202 Priyanka Employee To H1: factors 200 Recognition
3 chhibber, retention explore the Influence and
Priya strategies Employee reward system
sharma and its effect various Retention is
on retention H2: various always
strategies Strategies motivated
Turnover and that to retain in
in retail its Influence the
sector effect Employee organisation.
on Retention Otherwise
employee highly
retention. paid jobs
To of
explore the competitor will
retention attract
strategy the skills
contribution employees.
in But here it is
relation to observed
retention that
ratio. very
few employees
give
importance to
the strategy of
perks
and reward
system.
11 202 Mohamed The Study aims H1: 385 Findings
3 abou- impact of to psychologic revealed
shouk, organisation examine the al that po of their
Haseba al justice and contribution ownership jobs and
hamad, job of workplaces
Sarah organisation is
autonomy on positively increases their
muhamma al
d employee justice, job affecting intention
Retention: autonomy employee to stay
the and retention. With
mediation of Psychologic H2: their
psychologica al organisation organisations.
l ownership ownership al The
to justice contributors of
employee has po
retention in a include privacy
the travel positive
agencies impact and the
on ability to
sector in organisation work
egypt al
and iraq justice
has
a
positive
impact
on
employee
po.
H4:
job
autonomy
has
a
positive
effect
on
employee
retention.
12 202 Liana The This study h1: 250 Businesses are
3 qatamin, impact of aims still struggling
Nurita binti hrm at hrm to come up
juhdi, practices on investigatin practices with a
Rodrigue the g the role of have simple and
ancelot employee hrm efficient
fontaine Retention in practices on way
the jordanian employee a to
plastic retention in positive enhance
and rubber the impact Employee
Sector jordanian on retention
plastic employee at work.
and rubber retention in
sector. plastic
The study and rubber
develops a sector
Conceptual In jordan
model H2:
that job design
links practices
have
hrm a
practices positive
(job design impact
and on
job security) employee
with intention to
employee stay
Retention in
in plastic and
the Rubber
jordanian sector
plastic in jordan.
and rubber H3:
enterprises job
security
jordan.
13 202 Majed Determinant The H1: 325 The
3 alshamrani, s study’s salary/empl results indicate
Sager of primary oyee a
alharthi, employee objective is benefits significant
majed retention to relationship
have between
helmi, in identify the a salary/employe
Tariq pharmaceuti determinant positive e
alwadei cal s and benefits,
companies: of significant motivation,
case of saudi employee impact work
arabia retention in on conditions,
saudi employee organizational
pharmaceuti retention Culture,
cal H2: leadership
companies. job working support,
To and employee
conditions retention in
identify have pharmaceutical
predictors a companies
of employee positive in saudi arabia.
retention. and Motivation
To significant in the
assess impact company and
the on job/working
impact employee conditions are
of retention significant
salary and H3: positive
employee predictors of
work Employee
benefits relationship retention.
on employee s have
retention. a positive
and
significant
impact
on
employee
retention
H4: culture
within
the
company
has
a
positive
and
significant
impact
on
employee
retention
14 202 Yombwe Work To H1: analysis 375 The findings
3 matipa life balance understand was of the study
the to pointed
and relationship evaluate the out that fwa
employee between impact are an
retention employee important facet
zambia as well as better
To financial employee
explain the stability on retention rates.
relationship the
Dependent
between variable
flexible employee
work retention.
arrangement H3:
and statistical
employee significance
Retention of
in ingos each
in zambia. variable
To was
understand determined
the by referring
impact To
financial the
stability and determinant
employee s
retention in of
ingos in significance
Zambia ,
15 202 Imdad ali, The effect of To examine H1: there 300 The
2 Dr. Sher ali corporate the effect of is a study makes a
social corporate positive novel
responsibilit Social relationship Contribution
y responsibilit between by
on y Perceived not
employee on csr
and examining the
satisfaction, employee direct
Employee satisfaction. employee
satisfaction. association
engagement To test Between
the effect H2: there
and the
is a
employee of corporate
positive csr
retention social relationship and
Responsibili between employee
ty Perceived satisfaction,
on csr Engagement,
employee and and retention.
engagement employee
. engagement
To study the .
effect h3: there
of corporate is a
Social
responsibilit positive
y relationship
on between
employee Perceived
retention. csr
and
employee
retention.
environment sustainable environmen sustainable
influence work t is work
work environmen related to environment
Engagement, t on work employee positively and
job Engagement retention Significantly
satisfaction , H2: predicting
and job sustainable work
employee satisfaction work engagement,
retention? and environmen job satisfaction
Perspectives employee t is and employee
from related to retention
retention.
e- commerce
industry work
engagement
H3:
work
engagement
is related
to employee
retention.
17 202 Deveendra Technostress To H1: literacy 100 Many
2 menon, of identify the facilitation different kinds
Hui nee an reduces the of
au yong, employee factors of rate treatments can
Syed affects technostress of be given
muhamma the employee at technostress to reduce
d retention rate works .to H2: technostress
evaluate the technical and the
technostress support first one
with reduces the would be
the rate flexibility.
link of For salesman
of technostress or
retention H3: information
rate involvement technology (it)
facilitation type
reduces the of
rate employees,
of it is
technostress recommended
H4: to give them
innovation flexibility such
support as does
reduces the not need to
rate go back
of to office every
technostress day.
H5:
technostress
reduces the
retention
rate
18 202 Abdikadir Intervening To examine H0: there 382 It is
2 ore ahmed, effect the is no understood
Dr. of employee intervening significant that
Dinah retention on effect intervening when
keino & the of employee effect employees
between the retention on and
strategic relationship the competencies
leadership between relationship in
and Strategic Between performing
Performance leadership strategic their duties,
of and leadership efficiency and
health care performanc and performance
workers in e of performanc increase.
health care e of
north eastern workers health care
Kenya in north workers
eastern in north
kenya. Eastern
counties
of kenya.
4. Problem Statement: -
9. Sources of Data: -
10. Data Collection Method: -
The techniques and processes used to collect data for research purposes are known as data
collecting methods.
Data enables associations to assess the efficacity of a certain plan. When strategies are used
to address a difficulty, gathering data will enable you to assess how well your result
is performing and whether your strategy needs to be acclimated or changed over time.
There are two types of methods for data collection:
1) Primary Data:
Primary data refers to the first-hand data gathered by the researcher himself. Primary data is
one which an investigator collects for the first time for a particular purpose.
2) Secondary Data:
Secondary data means data that are already available i.e., they refer to data which has already
been collected and analysed by someone else.
To put it in other words, the secondary data are those that are already collected.
The research approach:
Survey Method
Questionnaire
The respondents:
3.11
Population
Sampling:
It is the process of selecting representative subset of a total population for obtaining data for
the study of the whole population the subset is known as sample.
Convenience sampling:
In this method the sample units are chosen primarily on the basis of the convenience
to the researcher.
Simple percentage can also be used to compare the relationship distribution of two or more
items. For calculations the simple percentage the following formula used:
1. Strongly disagree
2. Disagree
3. Neutral
4. Agree
5. Strongly agree
Questionnaire:
The questionnaire is prepared in such a way that is correct the comprehensive objectives of
the study. Open end, multiple choice of questionnaire adopted in this research.
Period of study:
The time period of the study is days.