Chapter-1

Introduction

From the study it should be known that there are various welfare facilities provided by the company to their employees like canteen facility, education facility, housing facility, transportation facility and medical facility and special facilities also provided by the company to their employees like loan facility, residential facility and mobile facility. Company also provided allowances to employees like night shift allowance, festival allowance, shift duty allowance and bonus.

Employee welfare work aims at providing such service facilities and Amenities which enable the workers employed in an organization to perform their work in healthy congenial surrounding conductive to good health and high morale. Employee welfare is

a comprehensive term including various services, benefits and facilities offered by the employer. Through such generous fringe benefits the employer makes life worth living for employees.

Chapter-2
Industrial Profile

Ever since 1957, the Plastics Industry in India has made significant achievements as it made a modest but promising beginning by commencing production of Polystyrene. The chronology of manufacture of Indian polymers is summarized as under:- 1957-Polystyrene , 1959-LDPE ,1961-PVC , 1968- HDPE ,1978-Polypropylene. Such potential Indian market has motivated the entrepreneurs in the country to acquire technical expertise, achieve high quality standards and build capacities in various facets of the booming plastic industry. The Phenomenal Developments in the plastic machinery sector is coupled with the developments in the petrochemical sector, both of which support the plastic processing sector. This has facilitated the plastic processors to build capacities for the service of both the domestic market and the markets overseas. Today Indian Plastic processing sector comprises of over 30,000 units involved in producing a variety of items through injection molding, blow molding, extrusion and calendaring. The Capacities built in most segments of this industry coupled with inherent capabilities has made us capable of servicing the overseas markets. The Indian plastic industry has taken great strides and in the past few decades, the industry has grown to the status of a leading sector in the country with a sizable base. Plastic material is gaining notable importance in different spheres of activity and the per capita consumption is increasing at a fast pace. Continuous advancements and developments in Plastic technology, processing machineries, expertise, and cost effective manufacturing is fast replacing the typical materials. On the basis of value added share, the Indian Plastic industry is about 0.5% of India's GDP. The export of plastic products also yields about 1% of the country's exports. The sector has a large presence of small scale companies in the industry, which account for more than 50% turnover of the industry and provides employment to an estimated 0.4 million people in the country. Approximately Rs.100 billion are invested in the form of fixed assets in the plastic processing industry.

The Indian Plastic industry is facing severe demand crunch in the domestic industry for quite some time. Demand for major polymers was 10% lower in Q2 this financial year as compared to the same period last year. The slowdown demand is adversely affecting the industry comprising of 15 raw material producers and there are about 26,000 processing units in the country with adverse impact on the employment of 3.3 million people associated with this industry. The contribution of the plastic industry in the economic growth of countries the world has been great. Today in India there are about 22000 plastic processing units and 150 plastic processing machinery manufactures. The machinery units supply over 2500 machineries per annum. In 198, the All India Plastic Industries Association was incorporated to solve various issue related to import duty of polymers. In the year 2006, the value of world plastic export was US$ 375 billion and the share of India was less than 1 % with exports of worth US$ 3.187 billion. During this same period the percentage of growth in export was 21%. During this trend of growth in exports, the exports of plastic raw material increased from 55% to 60% of the total export of plastic goods, while the export of processed plastic goods was a negative growth from 45% to 9%. According to recent reports of analysts, the industry is said to be losing an opportunity of USD 300 million through value addition on the raw materials that are exported. Indian Plastic Industry today is symbolizing a promising industry and at the same time creating new employment opportunities for people in the country. The per capita consumption of plastic products in India is growing and is moving towards 8% GDP growth.

Latest developments

The Indian Plastic industry is at the verge of high growth rate over about 10%-12% which is contributed by high growth rates, in turn, from the end-user industries. This trend has mainly been driving the automotive sector, since the economy is already showing signs of recovery from the downturn. As the Plastic industry is heavily dependent on automotive sector, launching of new cars in the small segments are expected to drive the demand for plastics. India is likely to dominate the rest of the world's Plastic with the domestic per capita consumption set to double by 2012. As the domestic Indian Plastic Industry expects for the investment of nearly $80 billion over the next four years. Indian government has identified the petrochemicals industry as a 'high priority' sector, as it is owing to the fact that plastics play an important role in providing the basic necessities for everyday use, while it is conserving the scarce natural resources. Plastic plays a significant role in the key sectors of the economy, including agriculture, water management, automobiles, transportation, construction, telecommunication and electronics, besides defense and aerospace, computers and power transmissions.

Chapter-3
Company profile

History of Company:-

Neoplast Engineering Pvt. Ltd. known as the reliable and efficient partner in plastic industry since 1973.Before 40 years, Neoplast Engineering Pvt. Ltd. started as a small structured family-owned enterprise and today it has established as the most renowned, reputed and reliable partner for the plastic processing industry in India as well as Global market. Neoplast Engineering Pvt. Ltd. has won its customers continued trust by always providing them with a perfect solution to their specific supplies, and this has helped Neoplast to emerge as a market leader with about 70% Indian market share of high intensity mixers.

Neoplast is committed to work towards its goal, that of attaining global leadership in the manufacturing of machinery and equipment for the plastic industry.

Vision Statement:-

To be the world leader in mixing technology by implementing latest inventions in electro-mechanism and essence of our vast experience.

Mission Statement:-

To deliver best quality to our customer we always do R&D, motivate our existing manpower, invest in skilled manpower and accept desired changes.

Neoplast services:
Neoplast fluidizing mixers are high speed mixers, used to mix solid to solid, liquid and pasty components. It is simply physical mixer, where the heat generates due to friction is utilities for mixing and hence known as HEATER MIXER. The material may be sintered, agglomerated, dried, degassed or colored.

Other Specialties:Flow deflector optimum setting of charge path and mixing process. Repaid homogenization. Temperature probes measure temperature of material infiltration to bearings. Low slipping ensures full energy transfer. Low maintenance.

Neoplast Cooler Mixer which is placed in line with HEATER MIXER which is cools it down at maximum temperature where it can be stored safely. The cooling cycle is always shorter than the heating cycle. The special designed tool throws the material on the large contact surface of vessel including conical hollow ring of S.S to decrease the cooling cycle.

OTHER SPECIALTIES:- Increase in cooling surface - Reducing in cooling time through forced circulation of mixing charge. - Easy fitting to remove mixing tool. - Water connection fixed out side vessel to have moisture free mix. - Jacket for cooling with circulation of cooling water. - Optimum dimensions of the cooling surface. - Intensive cooling of the mixed materials. - Cooling in line with heater mixer.

Other Product Details:-

(1) High speed heater cooler mixers. (2) Automatic Material Handling Mixer (3) Conical Twin-screw Extruders. (4) Single screw extruders. (5) Lab Extruders. (6) Lab Mixer. (7) Two Roll Mill. (8) Hydraulic Press. Underwater Pelletizing System.
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Chapter-4
Theoretical Aspect of the project

Introduction:
Employee welfare may be viewed as a total concept, as a social concept and as a relative concept. The total concept is desirable state of existence involving the physical, mental, moral and emotional well-being. These four elements together constitute the structure of welfare, on which its totally is based, the social concept of welfare implies the welfare of man, his family and his community. All those aspects are inter related and worked together is a three dimensional approach. The relative concept of welfare implies that welfare is relative in time and place. It is dynamic and flexible concept and hence its meaning and concept differ from time to time, region to region, industry to industry and country to country, depending upon the value system level of education social customs and degree of industrialization and general standard of the social economic development of the people.

Employee welfare implies the setting of the minimum desirable standards and provisions of facilities like health, food, housing, medical assistance, education, job security, recreation such facilities enable the workers and his family to lead good work social life. Employee welfare also operates to neutralize the harmful of large scale industrialization.

Meaning:
The word labour means any productive activity. In a broader sense therefore the phrase labour welfare means the adoption of measures to promote the physical, social, psychological and general well-being of the working population. Welfare work in any industry aims at improving the working and living conditions of workers

Definitions:
The Oxford dictionary defines employee welfare as Efforts to make life worth living for workers. In the words of R.Rhopkins welfare is fundamentally an Attitude of the mind on the part of management activities is under taken.

Aim of welfare:
The main aim of providing the welfare measures is to bring the development in the personality of the worker his social, psychological, moral, cultural and intellectual development to make him a good worker a good citizen and a good member of the family

Need for welfare work:

The need for employee welfare arises from very of the industrial system which is characterized by two basic factors. The conditions under which work is carried on or no congenial for health. When a employee joins in an industry he has to work in an entirely strange atmosphere which creates problem of adjustment with one another. Call these two factors the long arm of the job and the social invasion of the factory. The need for employee welfare was strongly felt by the royal commission on employee as and back as in 1931, primarily because of a lack of commitment to industrial work among factory workers and the harsh treatment they received from their employers.

10

This need was emphasized in free India by the constitution, which contains the following articles in this regard Article 41 the state shall within the limits of its economic capacity and development make effective provision for security.

The right to work and right to education and right to public assistance in the case of unemployment, old age, sickness and disablement and in other cases of understand.

Article 42 the state shall make provision for securing just and human conditions of work and for maternity relief.

Article -43 the state shall Endeavour to ensure by suitable legislation (or) economic organization in any other way to all workers agricultural, industrial (or) other From the above analysis, satisfaction of employees towards safety equipment provided by the company wise work a wage conditions of work ensuring a decent standard of life and full enjoyment of leisure and social and cultural opportunities and in particular the state shall Endeavour to promote cottage industries on an individual (or) operative basis in rural areas.

11

Improvement of welfare:
It influences the sentiment of the workers: Welfare activities such as educational facilities influence the sentimental atmosphere of the factory to develop the feeling of friendship.

Social advantages of welfare of workers: It improves the workers physique and reduce incidence of eyes, mental

efficiently and economic productivity of workers.

Realization of workers importance: Workers realized that they have also some take in undertaking and reduce

any reckless on their part and will be realized by the employees.

Reduce turn over and absenteeism: Whatever improves conditions of the work and life of employees will

reduce their absenteeism and turnover from one to another.

It improves the standards of living workers: Welfare activities such as medical, canteen facilities and housing facilities

improve the standard of living of workers and their role in the economic development of our country

12

Merits of welfare measures:

The industrial worker is a soldier safeguarding the social and economic factors of the industrial economy, and his/her actions and interactions with in the industrial framework will have a great impact and influence on industrial development. The social and economic aspects of the life of a worker have a direct influence on the social and economic development of the nation. There is every need to take extra care of the worker to provide both statutory and non-statutory facilities to him/her. Welfare facilities, besides removing dissatisfaction, help to develop loyalty in workers towards the organization. Welfare may help minimize social evils, such as alcoholism, gambling, prostitution, drug addiction and the like. A worker is likely to fall a victim to any of these if he/she is dissatisfied or frustrated. Welfare facilities tend to make the worker happy, cheerful and confident looking

13

REVIEW OF LITERATURE:

P.L. Rao, in his Labour Legislation in the Making, opines that professional bodies like National Institute of Personnel Management should constitute a standing committee to monitor the proceedings in the Parliament regarding the labour welfare measures. Cooperative Unionism and Employee Welfare by Michael R. White, (University of Westminster - Policy Studies Institute), Industrial Relations Journal, Vol. 36, No. 5, pp. 348-366, September 2005. Using British national survey data, this article assesses the impact of unions on management practices to reduce labour costs, implement high-performance work systems, and make employee welfare provisions. Relative to non-union workplaces, those with unions are found to have practices which are consistent with 'mutual gains' outcomes. Staff development and employee welfare practices and their effect on productivity Ghana Library Journal Vol. 19 (1) 2007 pp. 83-96 Staff development and employee welfare are valuable assets in an organization since an organization's primary aims are productivity and profitability. Every organization primarily needs committed and dedicated staff that will help the organization to meet its tactical and strategic objectives. The study examines whether staff development policies exist in three special libraries in Ghana, and whether training programmes are being offered to increase staff competence, efficiencies and performance. It was also aimed at assessing staff welfare practices and how these affect productivity and performance. In conducting the survey, two sets of questionnaires were drawn up. One set was administered to management and the other set went to Library staff. The survey revealed that all the organizations under study have staff development policies and training programmes for staff to enhance their capabilities and efficiency. Again, the survey revealed that staff welfare is catered for since several motivational avenues and incentive packages are available to boost their morale.

14

Chapter-5
Research Methodology

1] Objectives of the study:

1. To study the various employees welfare measures available in the company.

2. To identify the impact of the welfare measures upon the workers health and productivity.

3. To know the satisfaction levels of employees about welfare measures provided by the company.

4. To recommended suitable remedies related to welfare problem so as to increase the job satisfaction and productivity of the employees.

5. To understand how welfare measures improve the motivation of the Employees.

15

2] Scope of the study:

This project is done to analyze the satisfaction level of welfare facilities among the employees at Neoplast Engineering Private Limited.
The scope of the study is to suggest many ways to increase the level of welfare measures in the company. It may be helpful for the management department of the company to make decisions for the future development and satisfy employees in the industry. This study is done in the area of employees welfare in Neoplast Engineering Private Limited.

3] SOURCE OF DATA COLLECTION

The information required for the study was collected from primary and secondary sources.

a) Primary Data Primary data was collected from the employees of Wheels India Limited. Questionnaire was used for this purpose, which was administered by the supervisor.

b) Secondary Data

Secondary sources can be found more quickly and cheaply than primary data. Secondary data needed for conducting this research was collected from various sources such as books, brochures, magazines, company websites and company records.

16

4] Sample Design:

Research design is a plan, structure, strategy of investigation conceived so as to obligation answer to research question and control variance. To study and describe the satisfaction level of various employee welfare measure provide to employee Neoplast Engineering Private Limited is Descriptive Research. Descriptive research includes surveys and facts findings enquires of different kinds. The major purpose of descriptive research is description of the state affairs as it exist at present The sampling technique used was the simple random sampling. It was the method by which each number of the population had a chance of being selected. C o l l e c t i n g the information through direct contact with employees and fill up the Questionnaire and sample size is 100.

17

5] Data Analysis Tool:

* SWOT Analysis:

SWOT analysis is the internal as well as external factors affect the company. SWOT analysis means to study the companys Strengths Weakness Opportunities Threats The SWOT analysis of NEOPLAST ENGINEERING PRIVATE LIMITED is as follows:

18

 Strengths The followings are considered as the strengths of the company. It is the internal factor which affects the company. (1) High research and Development. (2) Market share leadership. (3) Unique products.

Weakness The followings are considered as the Weakness of the company. It is the internal factor which affects the company. (1) No online presence (2) Poor supply chain. (3) Insufficient marketing on foreign markets.

19

 Opportunities The followings are considered as the Opportunities of the company. It is the external factor which affects the company. (1) Products and service expansion. (2) Export potential of plastic machinery.

Threats The followings are considered as the threats of the company. It is the external factor which affects the company. (1) Price wars (2) Products substitutions. (3) Cheaper technology. (4) Lower cost competitors or imports.

20

Chapter-6
Research Findings
Que. (3) Duration of service

Particular

No of respondent

0-5 5-10 10-15 15-20 More than 20

31 44 15 8 2

Duretion of service
50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 0 to 5 5 to 10 10 to 15 15 to 20 More than 20 8% 2% 15% Duretion of service 31% 44%

Interpretation:
As per the above graph we can say that 44% employees of the company have experience of 5 to 10 years and only 2% employees have experience of more than 20 years in the company.

21

Que. (4) facilities provided by company

Particulars
Canteen Education Housing Transportation Medical Any other

No of respondent
47 16 9 24 92 ---

Facilities provided by company

100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 92%

47% 24% 16% 9% Facilities provided by company

Interpretation:
As per the above graph we can say that out of 100% employees 92% employees gets medical facility from the company and out of 100% employees only 9% employees gets housing facility.

22

Que. (5) Special facilities provided by company

Particulars

No of Respondent

Loan Residential Mobile

59 25 64

Special facilities provided by company

70% 60% 50% 40% 30% 20% 10% 0% Loan Residential Mobile 25% Special facilities provided by company 59% 64%

Interpretation:
As per the graph we can say that the out of 100% employees highest 64% gets mobile facility and out of 100% lowest 25% gets residential facility from the company. Some employees said that the company provides next loan after the repayment of their previous loan.

23

Que. (6) Allowances provided by the company

Particulars
Night shift allowance Festival allowance Shift duty allowance Bonus

No of respondent
52 60 48 89

Allowances provided by company

100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Night shift Festival Shift duty Bonus 52% 60% 48% Allowances provided by company 89%

Interpretation:
As per the graph we can say that out of 100% employees 89% gets bonus from the company as allowances and out of 100% employees only 48% gets shift duty allowances from the company. Some respondent says the company gave them bonus

24

Que. (7) facilities provided for education of children to employees

Particulars
Bus facility School facility Education Loan facility

No of respondent
7 7 83

facility provided for childeren to employees

90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Bus facility School facility Education loan facility 7% 7% facility provided for childeren to employees 83%

Interpretation:
As per the above graph we can say that out of 100% employees highest 83% employees gets education loan facility for their children and out of 100% only 7% gets both bus and school facility.

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Que. (10) satisfaction level about welfare facilities Particulars Highly satisfied Canteen Education Housing 26 5 4 34 2 6 28 30 20 21 14 27 18 11 35 28 17 9 Satisfied Neutral Dissatisfied Highly Dissatisfied 9 37 48 5 1

Transportation 23 Medical 42

100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%

9% 11% 20% 37% 48%

5% 17%

1% 9% 18%

27% 30% Highly dissatisfied Dissatisfied 28% 28% 42% 23% Neutral Satisfied Highly satisfied 35%

34%

26%

21% 2% 5%

14% 6% 4%

Interpretation:
As per the above graph we can say that most of the employees of the company are highly satisfied with the medical facility and most of the employees are highly dissatisfied with the housing facility. Because the company provides medical facility more then the rest of the facilities.

26

Que. (11) Satisfaction level about special welfare facilities

Particulars Highly satisfied Loan

21

Satisfied

Neutral

Dissatisfied Highly dissatisfied

30 13 35

22 17 20

11 34 13

16 28 9

Residential 8 Mobile
23

100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Loan 21% 13% 8% Residential Mobile 23% 30% 17% 35% 22% 34% 16% 28% 11% 20% Highly Dissatisfied Dissatisfied Neutral Satisfied Highly satisfied 9% 13%

Interpretation:
As per the research most of the employees said that they are satisfied with the mobile facility provided by company and they are dissatisfied with the residential facility provided by the company.

27

Que. (12) Welfare benefits works as a motivational factor to perform better

Particulars
Highly Agree Agree Neutral Disagree Highly Disagree

No. of Respondent
26 35 22 11 6

Series 1
40% 35% 35% 30% 25% 20% 15% 10% 5% 0% Highly Agree Agree Neutral Disagree Highly Disagree 11% 6% 26% 22% Series 1

Interpretation:
As per the above study we can say that most of the employees of the company are agree by the welfare facility works as a motivational factor to perform them better in the company.

28

Que. (13) Welfare benefits works as a motivational factor to be loyal to the job

Particulars
Highly Agree Agree Neutral Disagree Highly Disagree

No of Respondent
19 31 26 15 9

Column1
35% 31% 30% 26% 25% 20% 15% 10% 5% 0% Highly Agree Agree Neutral Disagree Highly Disagree 9% 19% 15% Column1

Interpretation:
As per the research most employees said that they are agree by the welfare facility works as a motivational factor to be loyal to their job.

29

Que. (14) medical reimbursement on time

Particulars
Yes full reimbursement Yes partial reimbursement No reimbursement

No of Respondent
59 30 11

Series 1
70% 60% 50% 40% 30% 30% 20% 11% 10% 0% Yes full reimbursement Yes partial reimbursement No reimbursement Series 1 59%

Interpretation:
From the above graph we can say that 59% employees says that they gets full reimbursement from the company and only 11% employees says they gets no reimbursement on time from the company.

30

Que. (15) Satisfaction level with regard to allowances

Particulars

Highly Satisfied

Satisfied

Neutral

Dissatisfied Highly Dissatisfied

Night shift allowances Festival allowances Shift duty allowances Bonus

12

18

26

21

23

16

28

23

19

14

47

22

31

45

55

25

32

20

15

100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Night shift allowances Festival allowances 18% 11% 16% 27% 15% 29% 19% 21% 23% 26% 13% 23% 19% 31%

8% 15%

20% Highly dissatisfied Dissatisfied 32% Neutral Satisfied Highly satisfied 25% 9% Shift duty allowances Bonus

Interpretation:As per the study we can say that the most of the employees are satisfied with the bonus allowances given by the company and most of the employees are highly dissatisfied with the shift duty allowances provided by the company.
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Hypothesis:

Que. (10) satisfaction level about welfare facilities Particulars Highly satisfied Canteen 26 34 20 11 Satisfied Neutral Dissatisfied Highly Dissatisfied 9

A. Ho: = 3 (Employees are satisfied by canteen facilities)

Ha: >3 (Employees are not satisfied by canteen facilities) B. T test C. For two-tail test, /2 = 0 .025 critical t.025,99 = 1.960

D. Observed t = -.3237 > t.025,99 = -.8163

E. t =

x s n

F.
One-Sample Statistics N data 100 Mean 2.4300 Std. Deviation 1.24117 Std. Error Mean .12412

One-Sample Test Test Value = 3 95% Confidence Interval of the Difference t data -4.592 Df 99 Sig. (2-tailed) .000 Mean Difference -.57000 Lower -.8163 Upper -.3237

G. Accept the null hypothesis H. Employees are satisfied by canteen facilities

32

Particulars

Highly satisfied

Satisfied

Neutral

Dissatisfied

Highly Dissatisfied

Education

21

35

37

A. Ho: = 3 (Employees are satisfied by education facilities)

Ha: >3 (Employees are not satisfied by education facilities) B. T test C. For two-tail test, /2 = 0 .025 critical t.025,99 = 1.960

D. Observed t = 1.1709 > t.025,99 = .7491

E. t =

x s n
One-Sample Statistics N data 100 Mean 3.9600 Std. Deviation 1.06287 Std. Error Mean .10629

F.

One-Sample Test Test Value = 3 95% Confidence Interval of the Difference t data 9.032 Df 99 Sig. (2-tailed) .000 Mean Difference .96000 Lower .7491 Upper 1.1709

G. Reject the null hypothesis H. Employees are not satisfied by education facilities

33

Particulars

Highly satisfied

Satisfied

Neutral

Dissatisfied

Highly Dissatisfied

Medical

42

30

18

A. Ho: = 3 (Employees are satisfied by medical facilities)

Ha: >3 (Employees are not satisfied by medical facilities) B. T test C. For two-tail test, /2 = 0 .025 critical t.025,99 = 1.960

D. Observed t = -.8257 > t.025,99 = -1.2343

E. t =

x s n
One-Sample Statistics N data 100 Mean 1.9700 Std. Deviation 1.02942 Std. Error Mean .10294

F.

One-Sample Test Test Value = 3 95% Confidence Interval of the Difference t data -10.006 Df 99 Sig. (2-tailed) .000 Mean Difference -1.03000 Lower -1.2343 Upper -.8257

G. Accept the null hypothesis H. Employees are satisfied by medical facilities

34

Que. (11) How much are you satisfied by the special welfare facilities? Particulars Highly satisfied Satisfied Neutral Dissatisfied Highly Dissatisfied 30 22 11 16

Loan

21

A. Ho: = 3 (Employees are satisfied by loan facilities)

Ha: >3 (Employees are not satisfied by loan facilities) B. T test C. For two-tail test, /2 = 0 .025 critical t.025,99 = 1.960

D. Observed t = -.0220 > t.025,99 = -.5580

E. t =

x s n
One-Sample Statistics N data 100 Mean 2.7100 Std. Deviation 1.35061 Std. Error Mean .13506

F.

One-Sample Test Test Value = 3 95% Confidence Interval of the Difference t data -2.147 Df 99 Sig. (2-tailed) .034 Mean Difference -.29000 Lower -.5580 Upper -.0220

G. Accept the null hypothesis H. Employees are satisfied by loan facilities

35

Que. (12)- Does welfare benefits provided by company works as a Motivational factor to perform better? Highly Agree 26 Agree 35 Neutral 22 Disagree 11 Highly Disagree 6

A. Ho: = 3 (Employees are agree with welfare benefits works as a motivation factor)

Ha: >3 (Employees are not agree with welfare benefits works as a motivation factor) B. T test C. For two-tail test, /2 = 0 .025 critical t.025,99 = 1.960

D. Observed t = -.4100 > t.025,99 = -.8700

E. t =

x s n
One-Sample Statistics N data 100 Mean 2.3600 Std. Deviation 1.15924 Std. Error Mean .11592

F.

One-Sample Test Test Value = 3 95% Confidence Interval of the Difference t data -5.521 Df 99 Sig. (2-tailed) .000 Mean Difference -.64000 Lower -.8700 Upper -.4100

G. Accept the null hypothesis H. Employees are agree with welfare benefits works as a motivation factor

36

Que. (15) Satisfaction level with regard to allowances

Particulars

Highly Satisfied

Satisfied Neutral

Dissatisfied Highly Dissatisfied

Festival allowances

16

28

23

19

14

A. Ho: = 3 (Employees are satisfied by festival allowance)

Ha: >3 (Employees are not satisfied by festival allowance) B. T test C. For two-tail test, /2 = 0 .025 critical t.025,99 = 1.960

D. Observed t = -.4100 > t.025,99 = -.8700

E. t =

x s n
One-Sample Statistics N data 100 Mean 2.8700 Std. Deviation 1.29221 Std. Error Mean .12922

F.

One-Sample Test Test Value = 3 95% Confidence Interval of the Difference t data -1.006 df 99 Sig. (2-tailed) .317 Mean Difference -.13000 Lower -.3864 Upper .1264

G. Fail to reject the null hypothesis H. Employees are not satisfied by festival allowance

37

Chapter-7
Suggestions/Recommendations

The company has to improve the quality and adequate item of the food which is one of the most important basic amenities and it helps to satisfy the employees. Residential facility can be improved. Housing facility can also be improved. The company has to provide shift duty allowances to employees. Employees can self-access, finding faults and correcting them. Transportation facility cant be provided by company only few employees gets it so the company has to provide this facility to employees.

38

Chapter-8
Limitation of the project

Less sample size. Difficult in fill up of questionnaire.

Some respondent are not filled up with sincerity. No enough time got to learn.

39

Chapter-9
Conclusion

Employee welfare measures are advocated to maintain a strengthen manpower both physically and mentally. The study of various welfare measures brings in to light that the present measures taken by the company. The improvement in working condition are suggested to improve effectiveness of the employee welfares measures like canteen facility, education facility, transportation facility, medical and housing facilities which in turn would build the morale and increase the productivity of the employees .

After analyzing the whole data it can be stated that the overall satisfaction levels of employees about welfare measures in the organization cover under study is satisfactory. However, a few are not satisfied with welfare measures provided by the organization. Therefore it is suggested that the existing welfare measures may be improved further. Such welfare measures enrich the employees standard of living and their satisfaction levels.

40

Annexure:

1. Name: ____________________________________________________

2. Designation: __________________________________________________

3 duration of service

a) 0 to 5 d) 15 to 20

b) 5 to 10 e) more than 20

c) 10 to 15

4) How many facilities are provided in your company? a) Canteen facility b) Education facility c) Housing facility d) Transportation facility e) Medical facility f) Any other [ ] [ ] [ ] [ ] [ ] [ ]

41

5) How many special facilities are provided in your company? a) Loan facility b) Residential facility c) Mobile facility [ ] [ ] [ ]

6) How many Allowances are provided in your company? a) Night Shift Allowances b) Festival allowances c) Shift duty Allowances d) Bonus [ ] [ ] [ ] [ ]

7) How many facilities are provided for education of children to employees? a) Bus facility b) School facilities c) Education Loan facilities [ ] [ ] [ ]

8) Are you getting wages as per basic minimum criteria alloted by goverment? Yes [ ] No [ ] cant say [ ]

9) How much time it will take for sanctioning special welfare facility? 1-2 week [ ] 2-3 week [ ] 3-4 week [ ]

42

10) How much are you satisfied by welfare facilities? Facilities Highly satisfied (1) Canteen Education Housing Transportation Medical (2) (3) (4) Satisfied Neutral Dissatisfied Highly Dissatisfied (5)

11) How much are you satisfied by the special welfare facilities? Special facilities Highly satisfied (1) Loan Residential Mobile (2) (3) (4) Satisfied Neutral Dissatisfied Highly Dissatisfied (5)

12) Does welfare benefits provided by company works as a Motivational factor to perform better? a) Highly agree b) Agree c) Neutral d) Disagree e) Highly Disagree [ ] [ ] [ ] [ ] [ ]

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13) Does welfare benefits provided by company works as a Motivational factor to be loyal to the job? a) Highly agree b) Agree c) Neutral d) Disagree e) Highly Disagree [ ] [ ] [ ] [ ] [ ]

14) Do you get medical reimbursement on time? a) Yes full reimbursement b) Yes partial reimbursement c) No reimbursement [ ] [ ] [ ]

15) Please specify the level of satisfaction with regard to allowance like Allowances Highly satisfied (1) Night shift allowance Festival allowance Shift duty allowance Bonus (2) (3) (4) Satisfied Neutral Dissatisfied Highly Dissatisfied (5)

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16) Do you think any other welfare measure should be taken by your company? If Yes the which, 1) ______________ 2) ________________ 3) ______________

17) Any other suggestion .. ...

18) Any complains? .. ..

Thank You

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