International Journal of Innovative Research and Development

Abstract

In a typical organizational working environment, it is imperative for organization to retain staff and ensure their effectiveness. Organizations are always established to achieve specific goals and such goals are tied to various degrees on staff motivation, retention, and efficiency among other things. Corporate entities especially in the hotel industry are facing a lot of problem in terms of employee turnover. Despite the centrality of motivation as a vital tool in employee’s turnover and productivity, it is often underutilized by most managers in workplace. Unmotivated employees are likely to spend little or no effort in their jobs, avoid the workplace as much as possible, produce low quality work and finally exit the organization. On the other hand, employees who feel motivated to work are likely to be persistent, creative and productive, turning out high quality work that they willingly undertake.

There is a need to examine the impact of motivational factors that will ensure employees efficiency and retention as well as quality service in the hotel industry. This paper examines and tries to compare the views of employees working in different hotels of Kolkata. This research is empirical in nature and is based on primary data collected directly from the concerned employees by means of interview and questionnaire to rate various criterion. The data so collected has been subjected to reliability tests and analyzed using SPSS 16.0. This study will help employers to understand employee needs and plan welfare and development activities more in line with employee requirements in order to increase efficiency and decrease attrition rates.

Keywords

Full Text

Abstract

The Indian oil and gas sector is of strategic importance and it has a pivotal role in influencing decisions in all other spheres of the economy. The annual growth of this sector has been commendable and will accelerate in future consequently it encouraging all round growth and development of the economy. The Indian oil and gas (O&G) sector is projected to touch US$ 139,814.7 million by 2015 from US$ 117,562.9 million in 2012. This sector provides ample opportunities for investor’s .Profitability is the profit earning capacity, which is a crucial factor contributing to the survival of the firms. The objective of this study is to analyse the profitability position of the companies listed with BSE Oil and Gas index from the year 2003-04 to 2012-13. It was found from the analysis that Oil India Ltd. maintained first position in terms of profitability while BPCL stood last. It is suggested that companies should reduce their operating cost, efficient utilization of their asset base and increase in operational efficiency for enhancing the further profitability in future. 

Keywords

Full Text