I find following formula on net to find ESI. But I don't understand How to use it?
I am a student of MBA(HR) 3-year evening programme and doing project on "Employee Satisfaction" for that I want to use this. Suggest If u have any other formula. I am using 5 scale format for questionnaire as per step 1.
1. How to calculate ESI? a.There is a five-point scale in the questionnaire or survey from employee responses.
· Strongly Disagree.
b. You should remark number attached, include strongly agree (5) to strongly disagree (1).
c. The TOTAL SCORE RECEIVED is calculated = (total number of responses of 5 * 5)+(total number of responses of 4 * 4)+(total number of responses of 3 * 3)+(total number of responses of 2 * 2)+(total number of responses of 1 * 1)
Then, total number of questions with answers against each response is calculated (5, 4, 3, 2, and 1).
d. The total number of questions answered is calculated.
e. Calculate the MAXIMUM TOTAL SCORE which is the TOTAL (pt. d) * 5. ESI = (TOTAL SCORE RECEIVED / MAXIMUM TOTAL SCORE) * 100
If anybody understand then explain it with example.
I suppose you do mean Employee State Insurance Scheme.
1. All employees on a gross salary of Rs.10000/- or less are covered under the ESI Scheme.
2. The Employer's share of contribution is 4.75% of Gross salary and Employee's share is 1.75% of the Gross Salary.
This is the formula for ESI deduction.
From India, Mumbai
Yes, you are right. I am talking about Employee Satisfaction Index.
There are 50 Qs with 10 area(5 Qs/ Area) like communication, Compensation, Manager Relationship etc.. with 5 scale rating (Strongly Agree to Strongly Disagree)
I want to know how to calculte Employee Satisfaction Index? If you know then please explain it with example.
From India, Vadodara
I submitted my project "Employee Satisfaction" last week. I am very thankful to all people of citehr who help me by giving their valuable suggestions and attachments.
I am attaching my project with data. Hope it will help others.
From India, Vadodara
I am Ranjeet Kumar. I am also doing a project on Employee Satisfaction Survey. Please some one give the question's answer, which has asked above. It will be a great help for me also.
Thnks & Regds
Ranjeet Kr. Singh
From India, Jamshedpur
Thanx Mr.kamalakkannan. for details and clear information about esi and PF. Ashutosh Nanda Chief Consultant aatsconsultancy.com
From India, Bhubaneswar
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