Employee satisfaction and its relationship with employee turnover rate at Confidence Group

Abstract

Confidence Group is one of the largest local conglomerates in Bangladesh involved in the manufacturing of mid-tech engineering products. The company was founded in 1991 and now it is considered as a market leader in mid tech engineering industry of Bangladesh. Confidence Group has several subsidiaries. As a requirement for the completion of BBA program, I was enrolled in Confidence Group as an HR intern and prepare this paper to identify the relationship with employee satisfaction and employee turnover rate. Ensuring employee satisfaction is one of the essentials for every organization to achieve its goals and competitive advantages over their competitors. To manage human resource and make sure that employees are competent enough, it is very important to ensure top most employee satisfaction in an organization. This report contains brief description of corporate HR functions and practices of Confidence Group and its impact on the whole organization. However, an analysis based on the employees of Corporate Head Office of Confidence Group is also done to identify whether there is any relationship with employee satisfaction and employee turnover rate or not. In this report, I have tried to incorporate all the HR activities and theories to identify the relationship with employee satisfaction and employee turnover rate, find the gap and to suggest some possible implication to ensure top most employee satisfaction and employee retention.