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1 INTRODUCTION
³Welfare is comfortable living and working conditions´. Employee welfare means the efforts
tomake life worth living for workman.³Welfare is comfortable living and working
conditions´. People are the most important assetof an organization, and the accounting
profession has to assess and record the value and cost of people of an organization. Once this
is accepted, the need for measuring the value for recordingit in the books of accounts arises.
The value of human assets can be increased substantially bymaking investment in their
training and welfare activities in the same way as the value of repairs/overhauling, etc.While
the cost on training, development, etc., can be recorded separately and to be within
theeventual, the expenditure on welfare activities can be added to the µinvestment¶ and the
returns judged. Unlike other assets which have depreciation value as year¶s passes by, value
of humanassets appreciates with passing years. The value can depreciate by aging process
which isgenerally hastened up by worries, unhealthy conditions, etc. once this process is
slowed down, or at least if the employee is made to feel µyoung in spirits¶ the value of this
asset appreciatesconsiderably.Any investment constitutes the assets of a company and
therefore, any investment for welfare of labor would constitute an extra investment in an
asset. Industrial progress depends on a satisfiedlabor force and the importance of labor
welfare measures was stressed as early as1931, when theRoyal Commission on labor stated
µthe benefits which go under this nomenclature, are of greatimportance to the worker and
which he is unable to secure by himself. The schemes of labor welfare may be regarded as a
³wise investment´ which should and usually does bring a profitable return in the form of
greater efficiency.
Labor welfare includes various facilities, services and amenities provided to workers
for improving their health, efficiency, economic betterment and social status.2.
Welfare measures are in addition to regular wages and other economic benefits availableto
workers due to legal provisions and collective bargaining3.
Labor welfare schemes are flexible and ever-changing. New welfare measures are addedto
the existing ones from time to time.4.
The purpose of labor welfare is to bring about the development of the whole personalityof the
workers to make a better workforce.The very logic behind providing welfare schemes is to
create efficient, healthy, loyal andsatisfied labor force for the organization. The purpose of
providing such facilities is to make their work life better and also to raise their standard of
living. The important benefits of welfaremeasures can be summarized as follows:
They provide better physical and mental health to workers and thus promote a healthywork
environment
Facilities like housing schemes, medical benefits, and education and recreation facilitiesfor
workers¶ families help in raising their standards of living. This makes workers to paymore
attention towards work and thus increases their productivity.
Employers get stable labor force by providing welfare facilities. Workers take activeinterest
in their jobs and work with a feeling of involvement and participation.
The social evils prevalent among the labors such as substance abuse, etc are reduced to
agreater extent by the welfare policies.The concept of µlabor welfare¶ is flexible and elastic
and differs widely with times, regions,industry, country, social values and customs, degree of
industrialization, the general socio-economic development of the people and the political
ideologies prevailing at particular moments. It is also according to the age group, socio-
cultural background, marital status,economic status and educational level of the workers in
various industries.
1.1 NEED OF THE STUDY
Employers get stable labor force by providing welfare facilities. Workers take activeinterest
in their jobs and work with a feeling of involvement and participation.
It helps in increasing productivity & efficiency by improving physical & mental health.
The present study has been undertaken to study find out effectiveness of employeewelfare
measures in Integral Coach Factory.
To find out the practical difficulties involved in welfare measures that can be
evaluatedthrough this study.
The study can be used to bring out the solution for the problem faced by the
employeesavailing the welfare measures.
Through the study, company would be able to know the satisfaction level of employee
onwelfare measures.
PRIMARY OBJECTIVE:
SECONDARY OBJECTIVES:
To find out employees preference regarding welfare measures which they like to have
infuture.
Definition of Research
³The manipulation of things, concepts or symbols for the purpose of generalizing to
extend,correct or verity knowledge, whether that knowledge aids in construction of theory or
in the practice of an art.´-
A research design is the arrangement of conditions for collection and analysis of data in
amanner that aims to combine relevance to the research purpose with economy in
procedure.Regarding this project, descriptive research design concern with describing the
perception of each individuals or narrating facts on welfare measures and diagnostic design
helps in determinethe frequency with which something occurs or it¶s associated with
something else. These tworesearch design help in understand the characteristic in a given
situation. Think systematicallyabout aspects in given situation, offers idea for probe and
research help to make certain simpledecision.
DESCRIPTIVE RESEARCH
In this research it deals with descriptive research type. It includes surveys and fact-
findingenquiries of different kinds. The major purpose of descriptive research is description
of thestate of affairs as it exists at present.
1.1.5.2 SAMPLE DESIGN
A sample design is a definite plan determined before any data are actually collectedfor
obtaining a sample from a given population. Sampling is used to collect data from
limitednumbers whereas census is used for large numbers. For the research, sampling method
was used.
There are different types of sample design based on two factor namely the
representation basis and the element selection technique .There are two main categories under
which varioussampling method can be put. There are1.
Probability sampling2.
Non probability samplingIn this particular research the A study is on probability sampling.
And in the simple randomsample is used.
PROBABILITY SAMPLING:
Probability sampling is based on the concept of random selection; the sample may beeither
unrestricted or restricted. When each sample elements is drawn individually from
the population at large, then the sample so drawn is known as µunrestricted sample¶, Where
as allother forms of sampling are covered under the term µrestricted sample¶.The most
frequently used probability samples are:
Systematic sample
Cluster sample
Non-probability sampling is that sampling procedure which does not afford any basis
for estimating the probability that each item in the population has of being included in the
sample.
udgment samplin
Convenient sampling
Quota sampling
Snowball sampling
SAMPLING METHOD
In this research systematic sampling method is used to collect the primary data by using
questionnaire.
SYSTEMATIC SAMPLING
A Systematic sample is selected at random sampling. When a complete list of the population
isavailable this method is used. If a sample of 10 students is to be selected from 100
students, under this method kth item is picked up from the sample frame and k is the sample
interval.
POPULATION SIZE
has been taken for this study. Both male and female employees have been interviewed.
Primary data is known as the data collected fro the first time through field survey. Suchdata
are collected with specific set of objectives to assess the current status of any variablestudied.
RESEARCH INSTRUMENT:
QUESTIONNAIRE
Types of questions
The following are the types of questions, which are used in research. They are:
i) Dichotomous questionThis type has only tow answers in the form of ³YES´
or ³NO´, ³TRUE´ or ³FALSE´ etc«ii)
Multiple ± choice question. In this case the respondents are offered two or mores choices and
the respondenthave to indicate which is applicable in the following cases.
Percentage Analysis
Weighted Average
One-way ANOVA
PERCENTAGE ANALYSIS:
Percentage refers to a special kind of ratio. Percentage analysis test is done to find out
the percentage of the response of the respondents. In these tool various percentage are
presented bythe way of Bar-diagram, Pie charts in order to have better understanding of the
analysis.
Time is the important limitation. Due to time constraints only limited population is takenfor
the study.
organizations under study have staff development policies and training programmes for staff
toenhance their capabilities and efficiency. Again, the survey revealed that staff welfare is
cateredfor since several motivational avenues and incentive packages are available to boost
their morale.
1.2.1 INDUSTRY PROFILE
RAILWAYS
INDIAN RAIL WAYS SETUP AT A GLANCE:
ICF
:-Integral Coach Factory (ICF) at Chennai in Tamil Nadu manufactures the
different passenger coaches.
1.2.2 COMPANY PROFILE
SHELL DIVISION
FURNISHING DIVISION
When the factory was initially planned, it was decided that coach shells produced would be
furnished in railway workshops. With the increasing tempo of activities under the second
fiveyear plan and consequent increase in work load in the railway workshops, Railway
Boarddecided in 1956 to setup a furnishing annexed to ICF so that the factory could deliver
completecoaches ready for service instead of steels shells only. Preliminary examination
work for settingup the Rs.3.69 crores furnishing unit was taken in hand on 17.02.1956 and
the first furnishedcoach was flagged off by shri.K.Awarup, CAO(R) on 16.01.1962, formally
declared the divisionopen. The furnishing of coach is done in ten stages, via., flooring,
wiring, paneling on side wall,
window fixing, partition paneling, plumbing, floor molding, lights and fans and seats, berth
andracks fixing and buffer height adjustment.To meet the increased demand of the Zonal
Railways, production was gradually steppedup in ICF. In stepping up of the production, the
production plan was recast for diversity production. This factory is now geared to produce a
number of varieties of Broad Gauge, Meter Gauge and Electrical multiple unit stocks,
including cars and air conditioned coaches, DoubleDecker coaches as well as track recording
cars. This factory has already produced coaches of sixty different designs.
WELFARE MEASURES
Medical facility
Quarters
Canteen facilities
Kalyana Mandapams
Holidays Home
Book Bank
Schooling Facilities
Pass entitlements
Other facilities
Environment policy:
Integral Coach Factory, Perambur, Chennai-38 a premier railway coach builder of thecountry
fully believes in prevention of pollution and reaffirms its commitment to minimize theadverse
impact of its processes on environment.ICF shall Endeavour to:1.
2.
Conserve resources such as energy, water and raw material and strive reduce
their consumption.3.
Minimize resource wastage by improving its processes and recycle such resourceswherever
feasible economically.4.
Set time bound goals and objectives and provide adequate resources to achieve thesame.
Mission
:Innovations, improvements and developments have been the way of life at ICF.
Quality Policy:
1.To achieve and maintain excellence in quality, reliability and safety of our products.
.3.To strive for continual improvement in all areas to achieve leadership in the marketswe
serve.
The Future:
ICF is completing its 55 years of service to the Nation. It has been planned to celebrate
itsGolden
J
ubilee in a befitting manner, from a modest beginning of over 1100 coaches per year and that
to in more than 170 varieties. ICF can perhaps be compared with the best of coach production
facilities and still remains a pioneer in introducing new types of coaches. In the 151years of
Indian Railways, role of ICF in its 55 years is certainly a remarkable one and willcontinue to
be so in the years to come.
CHAPTER II
ANALYSIS ANDINTERPRETATION
YESNO
RECREATIONFACILITY NO OFRESPONDENTS
PERCENTAGE(%)HOLIDAYHOMES 70 63. 64CLUBS 26 23. 64SPORTS EVENTS 14 12
.72TOTAL 110 100
CHART 2.1.16
RECREATION FACILITY THAT VALUES MOST:
INFERENCE:
From the above table it is inferred that 63.64 % of the respondents values Holiday Homes
as beneficial,23.64% of the respondents values clubs as beneficial recreation and 12.73 % of
therespondents values sports events as a beneficial recreation .
TABLE 2.1.17 :RATING FOR INTRAMURAL FACILITIES
63.6423.6412.73
RECREATION THAT BENEFITS
M
OST
HOLIDAY HOMESCLUBSSPORTS EVENTS
FACILITIES 1 2 3 4 5 6 7 8 9 10 TOTALDRINKING WATER 66 16 14 5 4 1 2 2 0 0 110PE
RCENTAGE% 60.00 14.55 12.73 4.55 3.64 0.91 1.82 1.82 0.00 0.00 100SEATINGARRAN
GEMENTS 51 35 11 2 2 3 1 2 1 2
110PERCENTAGE% 46.36 31.82 10.00 1.82 1.82 2.73 0.91 1.82 0.91 1.82 100FIRST
AIDAPPLIANCES 12 16 20 26 14 4 5 3 6 4 110PERCENTAGE% 10.91 14.55 18.18 23.64
12.73 3.64 4.55 2.73 5.45 3.64 100LATRINES&URINALS 5 12 20 25 15 15 5 9 0 4 110PER
CENTAGE% 4.55 10.91 18.18 22.73 13.64 13.64 4.55 8.18 0.00 3.64 100SPITTOONS 5 6 1
4 15 12 11 15 8 8 16 110PERCENTAGE% 4.55 5.45 12.73 13.64 10.91 10.00 13.64 7.27 7.2
7 14.55 100LIGHTING 45 18 13 10 13 2 5 1 1 2 110PERCENTAGE% 40.91 16.36 11.82 9.
09 11.82 1.82 4.55 0.91 0.91 1.82 100WASHING PLACE 5 7 7 12 18 19 20 10 7 5 110PER
CENTAGE% 4.55 6.36 6.36 10.91 16.36 17.27 18.18 9.09 6.36 4.55 100CHANGING ROO
MS 2 10 3 5 9 10 17 27 14 13 110PERCENTAGE% 1.82 9.09 2.73 4.55 8.18 9.09 15.45 24.5
5 12.73 11.82 100REST ROOMS 3 7 5 6 8 10 9
20 23 19 110PERCENTAGE% 2.73 6.36 4.55 5.45 7.27 9.09 8.18 18.18 20.91 17.27 100CA
NTEEN 20 15 9 9 7 15 6 4 9 16 110PERCENTAGE% 18.18 13.64 8.18 8.18 6.36 13.64 5.45
3.64 8.18 14.55 100
CHART 2.1.17RATING FOR INTRAMURAL FACILITIES:
INFERENCE:
From this table it is inferred that 60% of the respondents rated first for Drinking water ,31.82
%of the respondents rated second for seating arrangement,11.82 % of the respondents rated
thirdfor lighting,18.18% of the respondents rated fourth for first aid appliances,13.64% of
therespondents rated fifth for latrines & urinals,13.64% of the respondents
rated sixforcanteen,18.18% of the respondents rated seven for washing place,7.27% of the
respondentsrated eight for spittoons,12.73% of the respondents rated nine for changing rooms
and 17.27% of the respondents rated ten for rest rooms.
TABLE 2.1.18
0.0010.0020.0030.0040.0050.0060.0070.00
BENEFITS 1 2 3
4 5 TOTALCREATSEFFICIENCY 58 30 5 7 10 110PERCENTAGE(%) 52.72 27.27
4.54 6.36 9.09 100IMP PHY&MENTALHEALTH 29
44 19 12 6 110PERCENTAGE(%) 26.36 40 17.27 10.90 5.45 100INCREASESTANDRD
OFLIVING 34
38 24 10 4 110PERCENTAGE(%) 30.90 34.54 21.81 9.09 3. 64 100LOYALTYTOWARDS
THEWORK 27
33 14 21 15 110PERCENTAGE(%) 24. 55 30 12.72 19.09 13.63 100PROMOTEHEALTHY
IR 28 22 27 23 10 110PERCENTAGE(%) 25.45 20 24. 55 20.90 9.09 100
CHART 2.1.18
BENEFITS OF EMPLOYEE WELFARE
INFERENCE:
From this table it is inferred that for 52.73 % of respondents welfare creates efficiency
towardswork,for 40% of the respondents welfare improves Physical and Mental health,
for 24.55% of the respondents welfare promotes healthy Industrial relationship, for 19.09%
of the respondentswelfare creates Loyalty towards the work and for 4% of respondents
welfare increases standardof living.
TABLE 2.1.19
01020304050601
2 3
4 5 CREATS
EFFICIENCYIMP PHY& MENTAL HEALTHINCREASE STANDRD OF
LIVINGLOYALTY TOWARDS THE WORKPROMOTE HEALTHY IR
WELFARE PROVIDES
MOTIVATION:MOTIVATIONALFACTOR NO.ONRESPONDENTS
PERCENTAGE(%)YES 72 65.45 NO 38 34.55TOTAL 110 100
CHART 2.1.19
WELFARE PROVIDES MOTIVATION:
INFERENCE:
From the above table it is inferred that for 65.45% of respondents welfare act as a
motivationalfactor and for 34.55% of respondents welfare is not acting as a motivational
factor
TABLE 2.1.20
FREQUENCY OF GETTING FEEDBACK:
65.4534.55
M
OTIVATIONAL FACTOR
YESNO
FREQUENCY OF
GETTINGFEEDBACK NO.OF RESPONDENTS PERCENTAGE(%)OFTEN 20 18.18OCC
ASIONALLY 74 67.27 NEVER 16 14.55TOTAL 110 100
CHART 2.1.20
FREQUENCY OF GETTING FEEDBACK
INFERENCE:
From the above table it is inferred that 67.27% of respondents are occasionally asked for
thefeedback about the welfare measures,18.18% of respondents are often asked for
the feedback and14.55 % of the respondents are never asked for the feedback.
TABLE 2.1.21
MODE OF DETERMINING WELFARE REQUIREMENTS:
18.1867.2714.55
FREQUENC
Y
OF GETTING FEEDBACK
OFTENOCCASIONALLYNEVER
DETERMINING THROUGH NO.OF.RESPONDENTS PERCENTAGE(%)OBSERVATIO
N 20 18.18SUGGESTIONS 44 40.00PERFORMANCE 37 33.64INTERVIEW 9 8.18TOTA
L 110 100
2.1.21
MODE OF DETERMINING WELFARE REQUIREMENTS:
INFERENCE:
From the above table it is inferred that 18.18% the welfare requirement is determined
byobservation, 40% the welfare requirement is determined by suggestion, 8.18% the welfare
isdetermined by interview and 33.64% the welfare requirement is determined by
performance.
TABLE 2.1.22
SATISFACTION OF OVERALL WELFARE MEASURES:
18.1840.0033.648.18
DETER
M
INING WELFAREREQUIRE
M
ENTS
OBSERVATIONSUGGESTIONSPERFORMANCEINTERVIEW
SATISFIEDWITH
OVERALLWELFARE MEASURES NO.OF.RESPONDENTS PERCENTAGE(%)YES 72
65.45 NO 38 34.55TOTAL 110 100
CHART 2.1.22
SATISFACTION OF OVERALLWELFARE MEASURES
INFERENCE:
From the above table it is inferred that 65.45% of the respondents are satisfiedwith overall
welfare measures provided and 34.55% of the respondents are not satisfied withoverall
welfare measures provided.
65.4534.55
OVERALL SATISFACTION TOWARDSWELFARE
M
EASURES
YESNO
2.2 STATISTICAL ANALYSIS2.2.1 WEIGHTED AVERAGEAIM:
To find out the employees opinion towards rating the various Medical facilities
Table 2.2.1.1
Satisfaction level towards various Medical
facilitiesMedicalfacilitiesHighlysatisfiedsatisfied Neutral
Dissatisfied HighlyDissatisfiedRoutinecheckup(X1)27 56 16 7 4First aid(X2) 13 55 32 4 6M
edicineSupplied(X3)18 60 25 3 4Ambulanceservice(X4)14 54 32 5 5Rank 1 2 3 4 5Weight(
W) 5 4 3 2 1X1 WX1 X2 WX2 X3 WX3 X4 WX427 135 13 65 18 90 14 7056 224 55 220 60
240 54 21616 48 32 96 25 75 32 967 14 4 8 3 6 5 104 4 6 6 4 4 5 5™WX1=425 ™WX2=395
™WX3=415 ™WX4=397™W=(5+4+3+2+1)=15WEIGHTED AVERAGE=(™WX
i
) / (™W)
WEIGHTED AVERAGE=(™WX
i
) / (™W)(Where
i=1,2,3,4«.)W1=425/15=28.33W2=395/15=26.33W3=415/15=27.67W4=397/15=26.47MED
ICAL FACILITIES WEIGHTEDAVERAGERANK Routine checkup 28.33 1First aid 26.33
4MedicineSupplied27.67 2Ambulance service 26.47 3
CONCLUSION:
It is concluded that most of the respondents said that the company provides the best
routinecheck up facility to the respondents. weightage given fro routine check up is 28.33,
,weightagegiven for Medicine supplied is 27.67 ,weightage given for ambulance service is
26.47 andweightage given for first aid is 26.33
AIM:
To find out the employees opinion towards rating the various Educational facilities
Table 2.2.1.2
Satisfaction level towards various Educational
facilitiesEducationalfacilitiesHighlysatisfiedsatisfied Neutral Dissatisfied HighlyDissatisfiedRe
imbursementof TuitionFee(X1)33 56 15 5 1Scholarship(X2) 17 57 29 6 1Educationalloan
(X3)13 57 28 10 2Rank 1 2 3 4 5Weight(W) 5 4 3 2 1X1 WX1 X2 WX2 X3 WX333 165 17
85 13 6556 224 57 228 57 22815 45 29 87 28 845 10 6 12 10 201 1 1 1 2 2™WX1=445
™WX2=413 ™WX3=399™W=(5+4+3+2+1)=15WEIGHTED AVERAGE=(™WX
i
) / (™W)(Where i=1,2,3,4«.)
WEIGHTED AVERAGE=(™WX
i
)/
(™W)W1=445/15=29.67W2=413/15=27.53W3=399/15=26.60EDUCATIONALFACILITIE
SWEIGHTEDAVERAGERANK Reimbursement of Tuition Fee 29.67 1Scholarship 27.53 2
Educational loan 26.60 3
CONCLUSION:
It can be concluded that most of the respondents are satisfied with the reimbursement of
tuitionfee provided by the company.the weightage given for Reimbursement of tution fee
is29.67,weightage given for scholarship is 27.53 and thw weightage given for Educational
loan is26.60.
2.2.2 ONE WAY ANOVAAIM:
To find out the amount of variation within each of these samples ,relative to the amount
of variation between the samples regarding the rank assigned by the employees
about variousfacilities.
TABLE 2.2.2.1
RATING OF FACILITY BENEFITSFacilities 1 2 3 4 5Medical 50 39 7 6 8Education
for children29 50 19
7 5Housing 24 28 40 8 10Travelling 12 13 26 20 39Recreation 13 14 28 33 22TOTAL 128 1
44 120 74 84
HYPOTHESIS (H
0
):
There is no difference in rank assigned by respondents for variousfacilities.
HYPOTHESIS (H
1
):
There is difference in rank assigned by respondents for various facilities.T=Total of all the
individual values of n items.Here , T=550 and n=25, k=5Correction factor=(T)
2
/n=(550*550)/25=12,100Total SS(sum of squares)=sum of squares of all the observations -
(T)
2
/n=™X
ij2
-(T)
2
/nSST=50
2
+39
2
+7
2
+6
2
+8
2
+29
2
+50
2
+19
2
+7
2
+5
2
+24
2
+28
2
+40
2
+8
2
+10
2
+12
2
+13
2
+26
2
+20
2
+39
2
+13
2
+14
2
+28
2
+33
2
+22
2
-12100=16702-12100
= 4602SS BETWEEN=™(T
j
)
2
/n
j
--(T)
2
/n= (128)
2
/5+(144)
2
/5+(120)
2
/5+(74)
2
/5+(84)
2
/5=3276.8+4147.2+2880+1095.2+1411.2=12810.40 -12100=710.4SS WITHIN==™X
ij2
-
™(T
j
)
2
/n
j
= 16702-12810.40= 3891.6
ONE ±WAY ANOVA TABLE
SOURCESOFVARIATIONSUM
OFSQUARESDEGREESOFFREEDOMMEAN SQUARE F-ratio F-RATIO(5% F-
limit)BETWEENSAMPLES710.4 (k-1)(5-1)=4710.4/4=177.6
177.6/194.58=0.9127F(4,20)=2.87WITHINSAMPLES3891.6 (n-k)(25-
5)=203891.6/20=194.58TOTAL 4602 (n-1)(25-1)=24At 5% level of significance,the
tabulated value is 2.87Calculated value =0.9127Therefore ,Calculated value(0.9127) <
tabulated value(2.87)Hence ,H
0
is accepted and H
1
is rejected.
CONCLUSION:
It was observed that there is no significant difference in rank assigned by respondents
for variousFacilities.
AIM:
To find out the amount of variation within each of these samples ,relative to the amount
of variation between the samples regarding the rank assigned by the employees
about variousfacilities.
TABLE 2.2.2.2
BENEFITS OF EMPLOYEE WELFAREBENEFITS 1 2 3 4 5Createsefficiencytowards
work 58 30 5 7 10Improves physical &Mental health29 44 19 12 6Increases thestandard
of living34 38 24 10 4Loyaltytowards thework 27 33 14 21
15Promotehealthyindustrialrelationship28 22 27 23 10
HYPOTHESIS (H
0
):
There is no variation among the respondents in rating the benefits
HYPOTHESIS (H
1
):
There is variation among the respondents in rating the benefits.T=Total of all the individual
values of n items.Here , T=550 and n=25, k=5Correction factor=(T)
2
/n=(550*550)/25=12,100Total SS(sum of squares)=sum of squares of all the observations -
(T)
2
/n=™X
ij2
-(T)
2
/nSST=58
2
+29
2
+34
2
+27
2
+28
2
+30
2
+44
2
+38
2
+33
2
+22
2
+5
2
+19
2
+24
2
+14
2
+27
2
+7
2
+12
2
+10
2
+21
2
+23
2
+10
2
+6
2
+4
2
+15
2
+10
2
-12100
™(T
j
)
2
/n
j
= 16354-14828= 1526
ONE ±WAY ANOVA TABLE
SOURCESOFVARIATIONSUM
OFSQUARESDEGREESOFFREEDOMMEAN SQUARE F-ratio F-RATIO(5% F-
limit)BETWEENSAMPLES2728 (k-1)(5-
1)=42728/4= 682 682/76.3=8.93F(4,20)=2.87WITHINSAMPLES1526 (n-k)(25-
5)=201526/20=76.3TOTAL 4254 (n-1)(25-1)=24At 5% level of significance,the tabulated
value is 2.87Calculated value =8.93Therefore ,Calculated value(8.93) > tabulated
value(2.87)Hence ,H
0
is rejected and H
1
is accepted.
CONCLUSION:
It was observed that there is variation among the respondents in rating the benefits.
CHAPTER III
SUMMARYANDCONCLUSION
10).For the Reimbursement of tuition fee 30 % of the respondents are highly satisfied,
50.91 %of the respondents are satisfied, 13.64 % of the respondents are neutral, 4.54 % of
therespondents are Dissatisfied and 0.90 % of the respondents are highly dissatisfied,
for scholarship 15.45 % of the respondents are highly satisfied, 51.82 % of the respondents
aresatisfied, 26.36% of the respondents are neutral, 5.45% of the respondents are Dissatisfied
and0.90 % of the respondents are highly dissatisfied, for educational loan 11.82 % of
therespondents are highly satisfied, 51.82 % of the respondents are satisfied, 25.45% of
therespondents are neutral, 9.09 % of the respondents are Dissatisfied and 1.81% of the
respondentsare highly dissatisfied.11) Most of the respondents are satisfied with over all
Educational facility provided.12) For quality of food 15.45 % of the respondents are highly
satisfied, 60% of the respondentsare satisfied, 15.45 % of the respondents are neutral, 4.54 %
of the respondents are Dissatisfiedand 4.54 % of the respondents are highly dissatisfied, for
quantity of food 12.73 % of therespondents are highly satisfied, 57.27% of the respondents
are satisfied, 24.55% of therespondents are neutral, 5.45 % of the respondents are Dissatisfied
and 0 % of the respondentsare highly dissatisfied, for price of the food 15.45 % of the
respondents are highly satisfied,54.54 % of the respondents are satisfied, 23.64 % of the
respondents are neutral, 5.45 % of therespondents are Dissatisfied and 0.90 % of
the respondents are highly dissatisfied.13) Most of the respondents are satisfied with
the overall canteen facility provided14)56.36% of respondents are satisfied with the
housing facility provided and 43.64% of therespondents are not satisfied with the housing
facility provided.15) 63.64 % of the respondents values Holiday Homes as beneficial,23.64%
of the respondentsvalues clubs as beneficial recreation and 12.73 % of the respondents values
sports events as a beneficial recreation .16)60% of the respondents rated first for Drinking
water ,31.82 % of the respondents ratedsecond for seating arrangement,11.82 % of the
respondents rated third for lighting,18.18% of therespondents rated fourth for first aid
appliances,13.64% of the respondents rated fifth for latrines& urinals,13.64% of the
respondents rated six forcanteen,18.18% of the respondents rated sevenfor washing
place,7.27% of the respondents rated eight for spittoons,12.73% of the respondentsrated nine
for changing rooms and 17.27% of the respondents rated ten for rest rooms.17) For 52.73 %
of respondents welfare creates efficiency towards work,for 40% of therespondents welfare
improves Physical and Mental health, for 24.55% of the respondentswelfare promotes healthy
Industrial relationship, for 19.09% of the respondents welfare createsLoyalty towards the
work and for 4% of respondents welfare increases standard of living.
18)Most of the employees opined that welfare measures plays as a motivational
factor.19)67.27% of respondents are occasionally asked for the feedback about the
welfaremeasures,18.18% of respondents are often asked for the feedback and 14.55 % of
therespondents are never asked for the feedback.20)18.18% the welfare requirement is
determined by observation, 40% the welfare requirementis determined by suggestion, 8.18%
the welfare is determined by interview and 33.64% thewelfare requirement is determined by
performance.21) 65.45% of the respondents are satisfied with overall welfare measures
provided and 34.55%of the respondents are not satisfied with overall welfare measures
provided.
3.2 SUGGESTIONS
1.
The Management has to improve the quality and adequate items of the food which is oneof
the most important basic amenities and it helps to satisfy the employees.2.
The Number of spittoons provided at the work place is not sufficient, so the company hasto
increase the number of spittoons which keeps the environment clean.3.
3.3 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 presentmeasures taken by the company. The improvement in working condition are
suggested toimprove effectiveness of the employee welfares measures like canteen facility,
drinking water,spittoons, rest rooms and housing facilities which in turn would build the
morale and increasethe productivity of the employees .
BIBLIOGRAPHY
BOOKS REFERENCES:
1.
Ganasekaran.P, 1
ST
Edition, 2008, Labour Laws, Aruma Pathippagam, Page No: 46-59.2.
Kothari C.R, 2
ND
Edition, 2004, Research Methodology Methods and techniques, Newage international (P)
Ltd, Page No: 1-7.3.
Punekar.S.D, 12
TH
Edition, 1999, Labour Trade Unionism and Industrial Relations,Himalaya Publishing House,
Page No. 51-60.
WEBSITE REFERENCES
:www.google.com www.wikipiedia.com www.educationplus.com www.scribd.com
CORPORATE REFERENCES:
www.icf.gov.in
APPENDIX
b) Clubsc) Sports Events20) Rank the following Intramural facilities in accordance to your
satisfaction level.Facilities 1 2 3 4 5 6 7 8 9 10Drinkingwater SeatingarrangementFirst
aidappliancesLatrines &UrinalsSpittoonsLightingWashingPlaceChangingroomsRest
roomsCanteen21) According to your perception please rate the following benefits of
employee welfareBENEFITS 1 2 3 4 5Createsefficiencytowards work Improves physical
&Mental healthIncreases thestandard of livingLoyaltytowards thework
Promotehealthyindustrialrelationship22) Does welfare benefits provided by the organization
plays as a motivational factor?a) Yes b) No23) How often does the organization get feedback
from you towards the welfare measures?a) Often b) Occasionally c) Never 24) How does the
company determine your welfare
requirements?a) Through Observations b) Through Suggestions c) Through Performanced)
Through Interview25) Are you satisfied with the overall welfare measures provided by the
organization?a) Yes b) No25.1) If no,
why__________________________________________________________ 26) Do you
have any suggestions to improve the current welfare measures?If so, kindly give your
suggestion_______________________________________________ __________________
________________________________________________________ __________________
________________________________________________________
4. REVIEW OF LITERATURE
Binoyjoseph,josephinjodey (2009), studies in the article points out that, the structure
ofwelfare states rests on a social security fabric. Government, employers, trade unions have
done a lot to promote the betterment of workers conditions. * David, A Decenzo (2001) and
Stephen P. Robbinsin their book, “Personnel / Human Resource Management explained the
various benefits and services provided by the companies to their employees. According to
them, the legally required benefits and services include social security premiums,
unemployment compensation, workers compensation and state disability programs. They
felt that the cost of the voluntary benefits offered appears to be increasing. * Michael
(2001) in his book, “Human Resource Management and Human Relations” said that the
provision of intra-mural and extra-mural welfare facilities help in improving the quality of
work life of employee’s thereby good human relations will develop among different cadres
of employees. *Punekar, Deodhar and Sankaran (2004) in their book, “Labor Welfare, Trade
Unionism and Industrial Relations” stated that labor welfare is anything done for the
comfort and improvement, intellectual and socialwell being of the employees over and
above the wages paid which is not a necessity of the industry. *Aswathappa (2010) in his
book, “Human Resource Management “discussed the various types of benefits and services
provided to employee’s in terms of payment for time not worked, insurance benefits,
compensation benefits, pension plans etc. He also discussed the ways to administer the
benefits and services in a better way
;-. OBJECTI/ES OF THE STUDY
PRIMARY OBJECTI/E
To study about the opinion of the workers towards the welfare aspectsin the
organisation
;-; SCOPE OF THE STUDY
7abour welfare acti ities are based on the plea that higher producti ity
re uires more than modern machinery and hard work. t re uiresco-operati e
endea or of both the parties4 labour and management. This
is possible only when labour is gi en due importance and human element istaken
into account at e ery stage.
LIMITATIONS OF THE STUDY
The researcher had to spend more time to e2plain about the study.
The in estigators access to the workers was limited due to the shiftsystem.
#nly the labours of &tar /ealth > Allied nsurance 7td were takenas sample. &o it
cannot be generalised.
;-< RESEARCH METHODOLO Y
RESEARCH DESI N
*<
The research design is the basic framework of a plan for a study thatguides
the collection of data and analysis of data. The design may be a
specific presentation of the arious steps in the process of research. These stepsi n c
lude the selection of research problem4 presentation of the
problem4f o r m u l a t i o n o f t h e h y p o t h e s i s 4 m e t h o d o l o g y 4
sur e y o f h y p o t h e s i s 4 interpretation and report writing. n
t h i s m a r k e t s u r e y t h e d e s i g n u s e d i s Descripti e !esearch.
DESCRIPTI/E RESEARCH METHOD
The main purpose of descripti e research is to descripti e the stateof
iew as it e2ist at present. &imply stated4 it is a fact finding in estigation.
ndescripti e research4 definite conclusions can be arri ed at4 but it
does
note s t a b l i s h a c a s e a n d e f f e c t r e l a t i o n s h i p . T h i s t y p e o f r e s e
a r c h t r i e s t o descripti e the characteristic of the respondent in r
e l a t i o n t o a p a r t i c u l a r product.
SAMPLIN METHOD
The researcher made use of probability sampling method in this study. n this
research the researcher has used simple random sampling. n
simpler a n d o m s a m p l i n g 4 e e r y u n i t i n t h e p o p u l a t i o n h a s e u a l
c h a n c e f o r b e i n g selected as a sample.
TOTAL POPULATION
The total number of employees in the company is <;+.
SAMPLE SI=E
The sample si?e consists of *++ employees of &tar /ealth >
Allied nsurance 7td..MET/#D& #$ DATA 8#77E8T #"
Pri('r6 D't'
*9
The data directly collected by the researcher4 with respect to the problem
under study4 is called as primary data. t is also known as !aw
data. The methods used to collect primary data were Nuestionnairemethod4
Direct personal nter iew.
Se$o)5'r6 D't'
&econdary Data were collected from official documents4 like annualreport of the
company4 #fficial web site and other bulletin like !B bulletin.
SAMPLIN DESI N
A sample is a small representation of a large population. @hen someof the elements
are selected with the intention of finding out something aboutthe population from
which they are taken4 that group of elements is referred asa sample4 and the process
of selection is called sampling.
SAMPLIN UNIT
. The respondents of the study are the employees of &tar /ealth >Allied
nsurance 7td ..Each respondent is considered to be the sampling unit. T##7& $#!
A"A7 & &
•
Per$e)t'ge ')'16sis
•
C,i!s>%'re test
•
Corre1'tio)
•
ANO/A
•
Weig,te5 A2er'ge Met,o5SIMPLE PERCENTA E METHOD
&imple percentage refers to a special kind of ratio. @ith the helpo f a b s o l u t e
f i g u r e s i t w i l l b e d i f f i c u l t t o i n t e r p r e t a n y m e a n i n g f r o m t h e *=
collected data4 but percentage are find out it becomes easy to find
o u t t h e relati e difference between two or more
attributes. "umber of !espondents ercentage of !espondents O 2 1++Total
respondents
CHI! S?UARE TEST
8hi-
& uare test is an important test among the se eral test ofsignificance.
8hi- & uare symbolically written as pronounced as FiP . t is astatistical
measure used in the conte2t of sampling analysis for comparing a ariance
to a theoretical ariance. 8hi- & uare test enables to e2plain whetheror not two
attributes are associated./o O "ull /ypothesisThe hypothesis to be tested is usually
referred to ass "ull hypothesis./1 O Alternati e /ypothesis f /o is rejected it means
that the data on the hand are not compatible with thenull hypothesis /o but are
comparable with some other hypothesis4 this is theAlternati e
hypothesis8 h i - & u a
r e i s c a l c u
l a t e d a s f o
l l o w s 4 . QQ (#ij G Eij)P OEij#ij O #bser ed
fre uency of the cell in the
th
row and j
th
column.Eij O E2pected fre uency of the cell in the i
th
row and j
th
column. As a non parametric test it can be used to determine a categoricaldata. t is
used to make comparison between theoretical population and actuald a t a . D e g r e e
of freedom plays an important part in using the 8hi-
& u a r e distribution and tests are based on it. The degree of freedom
is worked out asfollows.Degree of $reedom O (!-1) 2 (8-1)@here4# O #bser ed
fre uency E O E2pected fre uency ! O "umber of rows 8 O "umber of columns*: