NOLEGEIN Journal of Performance Management & Retention Strategies 2018 Issue 1 by Mba Journals

NOLEGEIN Journal of Performance Management & Retention Strategies

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NOLEGEIN Journal of Performance Management & Retention Strategies Nolegein - Journal of Performance Management & Retention Strategies is focused towards the rapid publication in the following areas of

Focus and Scope of the Journal             

Retention Strategies Retention and Motivation Theory Herzberg's Theory Equity Theory Expectancy theories Organizational behavior management Behavioral systems analysis Role of leaders in employee retention Motivation and employee retention Employee engagement and retention Effect of poor employee retention HR and employee retention Benefits of Employee Retention Sections covered by this journal are review papers, research papers, interviews, news, companies/ institutions write-ups, short popular articles and case studies. All contributions to the journal are rigorously refereed and are selected on the basis of quality and originality of the work. The journal publishes the most significant new research papers or any other original contribution in the form of reviews and reports on new concepts in all areas pertaining to its scope and research being done in the world, thus ensuring its scientific priority and significance.

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Business     

NOLEGEIN-Journal of Management Information Systems NOLEGEIN-Journal of Business Ethics , Ethos & CSR NOLEGEIN-Journal of Entrepreneurship Planning, Development and Management NOLEGEIN-Journal of Operations Research & Management NOLEGEIN-Journal of Supply Chain and Logistics Management

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NOLEGEIN-Journal of Disaster and Business Continuity Management NOLEGEIN-Journal of Corporate & Business Laws NOLEGEIN-Journal of Organizational Behavior Management NOLEGEIN-Journal of Kautilya Strategic Management

HRM

Marketing  

NOLEGEIN-Journal of Global Marketing NOLEGEIN-Journal of Advertising and Brand Management NOLEGEIN-Journal of Consumer Behavior & Market Research

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NOLEGEIN-Journal of Financial Planning and Management

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Management 

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NOLEGEIN-Journal of Performance Management & Retention Strategies NOLEGEIN-Journal of Human Resource Management & Development

Finance

Industry

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EDITORIAL BOARD MEMBERS Rohini Parimi Associate Professor Department of Management, Gitam Institute of Management, Visakhapatnam, Andhra Pradesh, India

Siddharth Sharma Assistant Professor Department of Management, Anand College of Engineering and Management, Kapurthala,Punjab, India

Dr. R Jubi Director Department of Management, MarThoma Institute of Information Technology, Ayoor, Kerala, India

Shipra Shrivastava Assistant Professor Department of Management, Meerut Institute of Engineering and Technology,Meerut, Uttar Pradesh, India

Dr. Binod Sinha Professor Department of Management,Balaji Institute of Modern Management, Pune, Maharashtra, India

From the Editor's Desk Dear Readers, We would like to present, with great pleasure, the inaugural First volume of a new scholarly journal, NOLEGEIN Journal of Performance Management & Retention Strategies. This journal is part of the Performance Management & Retention Strategies, and is devoted to the scope of present management issues, from different. This new journal was planned and established to represent the growing needs of marketing as an emerging and increasingly vital field, now widely recognized as an integral part of Management. Its mission is to become a voice of the Management community, addressing researchers and practitioners in this area. The core vision of Performance Management & Retention Strategies in MBA Journals is to propagate novel awareness and know-how for the profit of mankind ranging from the academic and professional research societies to industry practitioners in a range of topics in advertising in general. MBA Journals acts as a pathfinder for the scientific community to published their papers at excellently, well-time & successfully. Organizational Behavior Management focuses on original high-quality research in the Evolution of Management Thoughts, Retention and Motivation Theory, Behavioral systems analysis, Effect of poor employee retention, Benefits of Employee Retention, Expectancy theories etc. The Journal is intended as a forum for practitioners and researchers to share the views of Performance Management & Retention Strategies in the area. Many researchers have contributed to the creation and the success of the Performance Management & Retention Strategies. We are very thankful to everybody within that community who supported the idea of creating an innovative platform. We are certain that this issue will be followed by many others, reporting new developments in the field of Performance Management & Retention Strategies. This issue would not have been possible without the great support of the Editorial Board members, and we would like to express our sincere thanks to all of them. We would also like to express our gratitude to the editorial staff of MBA Journals, who supported us at every stage of the project. It is our hope that this fine collection of articles will be a valuable resource for Management readers and will stimulate further research into the vibrant area of Performance Management & Retention Strategies.

Puneet Mehrotra Managing Director

Contents 1. Employee Retention in Textile Industry: A Study on Textile Limited P. Megaladevi, S. Sivaselvaraj, A. Karthi

2. Case Study on Performance of IPO of Ratnakar Bank Limited (RBL) Binod Sinha

3. To Study the Process of Recruitment and Selection Bhoomika Kumari, Uday Bhan, Priyanka Anjor

4. Performance Evaluation of Different Mutual Funds With Reference to Ten Companies Beenaba Chudasama, Nailesh Limbasiya

5. Change and Resistance R. Parimi, Y.V.V.S.S.S. Varaprasad

NOLEGEIN: Journal of Performance Management & Retention Strategies Vol. 1: Issue 1

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Employee Retention in Textile Industry: A Study on Textile Limited P. Megaladevi*, S. Sivaselvaraj, A. Karthi Jay Shriram Group of Institutions, Tirupur, Tamil Nadu, India

ABSTRACT Powerful worker maintenance is a precise exertion by businesses to make and cultivate a situation that urges current representatives to stay utilized, by having strategies and practices set up that address their assorted needs. A solid maintenance system, in this manner, turns into an intense enlistment device. Maintenance of key workers is basic to the long haul wellbeing and achievement of any association. Retaining the best workers guarantees consumer loyalty, fulfilled associates and revealing staff, compelling progression arranging, and profoundly installed authoritative information and learning. This investigation gives an outline of why the quantity of representatives leaving the GBTL has expanded from recent years and how imperative is the different offices, for example, Housing, Medical, pay, Rewards, Incentives, Training connected to different statistic factors considered in the survey and likewise examined on how the working environment atmosphere can be enhanced further. Maintenance of representatives is a standout amongst the most vital continuous practices of human asset administration. Representative's turnover is a noteworthy hierarchical hazard. The issue is being looked by changed associations of the considerable number of nations. Associations are attempting distinctive plans to get most extreme yield from representatives without their inclusion. Maintenance is one of the fundamental factors that could help in accomplishing the required outcomes. This examination explains the maintenance of representatives; its advantages and factors that may hold the best ability of the association. The exploration discovering gives critical relationship of profession way with representative maintenance. This examination will help material industry to discover different variables affecting higher turnover and to reexamine their present strategies for encourage upgrades. Keywords: industry, retention, textile

INTRODUCTION Indian material industry is additionally the biggest in the nation as far as work era. It not produces occupations in its own industry, but rather additionally opens up scopes for the other auxiliary parts. Indian material industry as of now produces work to more than 35 million individuals. The Indian material industry contributes around 14% of modern generation, 4% to nation's total national output (GDP) and 17% to nation's fares profit. The business gives guide work to more than 35 million individuals and is the second biggest

supplier of work after agribusiness. Texture creation rose to 60,996 million sq. meters in FY 2011 from 52,665 million sq. meters in FY 2007. Generation crude cotton developed to 32.5 million parcels in FY 2011 from 28 million bundles FY 2007 while creation of man-made texture rose to 1281 million kg's in FY 2011 from 1139 million kg's in FY 2007. Creation of yarn developed to 6,233 million kg's in FY 2011 from 5,183 million kg's in FY 2007.India can possibly build its material and attire world tread from the present level of 4.5% to 8% and achieve US$.80

NOLEGEIN: Journal of Performance Management & Retention Strategies Vol. 1: Issue 1

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Case Study on Performance of IPO of Ratnakar Bank Limited (RBL) Binod Sinha* RIT, Rajaramnagar, India

ABSTRACT Ratnakar bank, with registered office in Kolhapur, is one of the fastest growing scheduled commercial banks. It is continuously expanding its presence across India through a growing network of branches and ATM. RBL offers specialized services under five categories i.e. corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. But there USP is micro finance especially rural areas. It has network of 197 branches and 362 ATMs across 16 Indian states. It launched India Startup Club in January, 2016, a unique offering for entrepreneurship community. Keywords: bank, corporate, institutional banking

INTRODUCTION RBL Bank issued Initial Public Offering. It was subscribed 70 times more. The issue has been stellar responses from noninstitutional investors, who have bid for 198 times the quotas limit. Qualified Institutional Buyers subscribed 85times and Retail Investors 5.31 times. In 2015-16, RBL Bank reported a revenue of Rs.3, 234.85 crore, up from Rs.2, 356.49 crore a year ago, and a profit of Rs.296.8 crore, up from Rs.208.45 crore a year ago. The bank’s income grew at an annual rate of 50% compounded over the last 5 years. Its return on equity has also doubled in the past five years, according to data made available in the issue documents. The bank last week fetched Rs.364 crores by issuing shares to 28 anchor investors at upper end of price bank Rs.225. The IPO generated demand worth Rs.59000 crores among the highest in recent times. Kotak Mahindra Capital Co. Ltd, Citigroup Global Markets India Pvt. Ltd,

Axis Capital Ltd, Morgan Stanley India, HDFC Bank Ltd, ICICI Securities Ltd, IIFL Holdings Ltd, IDFC Securities Ltd and SBI Capital Markets Ltd managed the share sale. The three-day issue drew memberships that were 69.57 times the issue estimate – barring the stay assignment – enlisting the most astounding general membership among IPOs of private area banks. RBL Bank became the country’s first private sector bank to go public in more than a decade. The last private sector bank to launch an IPO in India was Yes Bank Ltd, which raised Rs.315 crore in July 2005. In 2010, state-owned Punjab and Sind Bank Ltd managed to raise Rs.480 crore through its IPO. DCB Bank Ltd.’s IPO in October 2006 was subscribed 35 times, while Yes Bank Ltd.’s IPO in June 2005 was subscribed 29.13 times, according to data by Capitaline, a corporate data provider.

NOLEGEIN: Journal of Performance Management & Retention Strategies Vol. 1: Issue 1

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To Study the Process of Recruitment and Selection Bhoomika Kumari1*, Uday Bhan2, Priyanka Anjor1 1

Department of MBA, Institute of Engineering and Technology, Lucknow, UP, India 2 Department of HR, Century Global Logistic Pvt Ltd, Gurgaon, Haryana, India

ABSTRACT There are various sources of recruitment with different measures of selection in a company. Accordingly, study was implemented to explore the views of customers and analysis done by company. During present work, new data were collected and compared with previous data provided by the company. Using convenient sampling method, 50 executives of human resource (HR) Department were interviewed. In present competitive market organizations have turned out to be choosier in enrolling operators. Therefore, both internal and external sources of recruitments are used by them. Consultancy and walk-in are two main sources of recruitment. Powerful sales required to be done in a route beginning from prospecting and qualifying to follow-up and maintenance. Each progression in powerful offering process is required to be taken care. In century, representatives are prepared in such a way, to the point that they can convey powerful deals process. Deals managers do them parcel of assistance in this specific circumstance. they utilize need-satisfaction approach (mostly) and furthermore figured approach for this and it works. A large portion of the representatives were fulfilled yet changes are required by the changing situation as enrollment process greatly affects the working of the organization as a crisp blood, new thought enters in the organization. Choice process is great, yet it ought to likewise be adjusted by the prerequisites and should work profile with the goal that principle target of choosing the hopeful could be accomplished. Keywords: administration, HR, maintenance, management, organization

INTRODUCTION Human Resource assumes a critical part in the improvement procedure of the cutting edge financial matters. Sir Arthur Lewis saw “There are awesome contrasts being developed between nations which appear to have generally broken even with assets, so it is important to enquire into the distinction in human practices.” Human expertise, asset administration learning is the administration of representative's capacities, ability, inclination, and inventiveness, capacity and so on various terms are utilized for meaning human resource management. They are work administration, work organization, work administration relationship, worker– business relationship, mechanical relationship, human capital administration,

human consent administration and so forth. In spite of the fact that these terms can be utilized distinctively broadly, the fundamental idea of qualification lies in the extension or scope and developmental stage. In basic sense, human asset administration implies utilizing individuals, building up their assets, using, keeping up and remunerating their administrations tuned in to the activity and authoritative prerequisites [1]. ELEMENTS OF HUMAN RESOURCE MANAGEMENT Organization Vital arranging, hierarchical assessment, County Board relations, approach suggestions, supervision of office staff [2].

NOLEGEIN: Journal of Performance Management & Retention Strategies Vol. 1: Issue 1

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Performance Evaluation of Different Mutual Funds With Reference to Ten Companies Beenaba Chudasama*, Nailesh Limbasiya School of Management, R.K. University, Rajkot, Gujarat, India

ABSTRACT Shared reserve gives a readymade alternative to family units for portfolio expansion and additionally relative hazard avoidance through gathering and putting their investment funds in various hazard return profile instruments. Its execution relies upon the execution of basic portfolio. In the event at least one plan performs seriously in the portfolio, that can impact or hurt the venture choices of speculators and may get them out from the situation of riches creation process. For sparing financial specialists’ cash from such a risk, it ends up plainly important to assess the execution of common store portfolio with the goal that speculators can take/judge their venture choices soundly. This assessment would help in checking the prime thought of “putting all eggs in various wicker bins” behind common supports and speculating that how far this thought is getting along well for financial specialists. In this way, our examination has endeavored to assess the relative execution of open and private area shared reserve conspires the Indian Mutual Store Industry has seen an auxiliary change amid the previous couple of years. In this way it ends up noticeably essential to look at the execution of the shared reserve in the changed condition. Keywords: companies, funds, mutual, ratio

INTRODUCTION Day by day as business is getting more competitive and so the management is achieving its importance in every field to increase the efficiency and to cut down the cost of production. The present day giant organization is a specialized or expert in all spheres of management. The importance of specialist from each has emerged; these specialists are often called as professionals. During last few years or so, financial management which was not considered so much has now been recognize as an important area. This change has created importance for the study of financial management which has leads to various objectives-covered in this research methodology. The methodology of the

project reveals the step-by-step procedure done to carry out the project study. Shared Fund is a theme which is of huge premium to scientists everywhere throughout the world, as well as to speculators. Common supports as a medium-to-long haul venture alternative are favored as a reasonable speculation choice by financial specialists. In any case, with a few market contestants the inquiry is the decision of common reserve. The examination concentrates on this issue of shared store choice by financial specialists. Despite the fact that the venture targets characterize financial specialist's inclination among finance sorts (adjusted, development, profit and so on.) the decision of reserve in light of a support’s notoriety stays to be examined. We

NOLEGEIN: Journal of Performance Management & Retention Strategies Vol. 1: Issue 1

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Change and Resistance R. Parimi*, Y.V.V.S.S.S. Varaprasad GITAM Institute of Management, Visakhapatnam, AP, India

ABSTRACT From the olden days, the early man was in a continuous effort to improve his abilities to make his life easy and comfortable. Since those days, the early man made the best use of his intelligence to transform his hard work, which required more physical labor into smart work that demanded more mental labor. The only root cause for this transformation of the ancient man is the intense urge for skill development with appropriate use of knowledge and the right attitude. In today’s vocabulary, we coined this as “Competency” which is a combination of knowledge, skill and attitude to perform one’s job in the most perfect manner. Organizations speak volumes and emphasize on the competency mapping i.e. right resource with right skills for the right job at the right time and this right quality could be in borne for some or could be achieved in some people by way of learning and development i.e. reinforcing a task with subject knowledge and continuously doing this again and again till a standard is achieved. This process of adoption of new learning to work faster and better and unlearning the old methods is termed as change management. This is possible only if the individual’ goals are aligned with those of the organization’s goals i.e. organizational engagement and strive to achieve greater heights and sustain its place owing to the demands of competition. The best managed organization is the one with enriched HR capital which can create a niche to derive the right organizational value proposition from and for its employees with enhanced skill sets and satisfied hearts who get emotionally glued to the entity. Keywords: change management, competency mapping, learning and development, organizational engagement, value proposition

INTRODUCTION Life treats us with many experiences and surprises that compel us to learn and unlearn and change for better. The researcher had such experience recently, which gave her a real time experiential learning on the process of change, resistance to change and management of change and positivity of change. You can witness the same at the end of this article. Getting back to the researcher’s experience driven learning, she was driving a Maruti Wagon R since the day she started driving. It was a fantastic vehicle as far as she was concerned. Most importantly, given the shortcoming of her height, she felt

comfortable in seeing the bonnet of this car because of its high ground clearance feature. Most of the times, this allowed her to judge the bumper-to-bumper distance in a pretty much right way. On the sentimental side of it, it kept the researcher safe from the time it was with her (it has been more than a decade that their family used this car) all the years without any accidents they drove for really long distances. The researcher is emotionally connected as her newborn child was brought from the hospital in this vehicle and she travelled safe to the play school and school in the very same car till date. You must be getting by now- that the scholar had all the good reasons to feel