09-01-2014, 01:33 PM
A STUDY ON EMPLOYEES WELFARE MEASURES WITH REFERENCE TO INTEGRAL COACH FACTORY, CHENNAI
ABSTRACT
The present study was under taken with such a task in mind and it aims at unearthing the strengths and weakness of the welfare measures in integral coach factory chennai that is prevalent in the organization that sponsored this project work.
Since organizations exist to achieve goals. The degree of success that individual employees have in reaching their individuals goals is important in determining organizational effectiveness. The assessment of how successful employees have been at meeting their individual goals, therefore, becomes a critical part of Human Resource Management. This leads us to the topic of Employees Welfare measures.
This project aims at knowing “Welfare System”. In this project the work atmosphere and the welfare measures provided by the organization has studied.
It also aims at finding out the employee’s relationship with the management.
This survey is done within the organization. The sample size is 110. The data was collected by administering questionnaire and by adopting direct personal contact method. The persons met are all employees of the concern.
Collections of data were analyzed and tabulated in a sequential manner and the interpretations are given along with the tabulation. The conclusion and suggestions are also given in this report for the improvement of this system in the organization.
INTRODUCTION
“Welfare is comfortable living and working conditions”. Employee welfare means the efforts to make life worth living for workman.
“Welfare is comfortable living and working conditions”. People are the most important asset of 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 recording it in the books of accounts arises. The value of human assets can be increased substantially by making 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 the eventual, the expenditure on welfare activities can be added to the ‘investment’ and the returns judged. Unlike other assets which have depreciation value as year’s passes by, value of human assets appreciates with passing years. The value can depreciate by aging process which is generally hastened up by worries, unhealthy conditions, etc. once this process is slowed down, or at least if the employee is made to feel ‘young in spirits’ the value of this asset appreciates considerably.
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 satisfied labor force and the importance of labor welfare measures was stressed as early as1931, when the Royal Commission on labor stated ‘the benefits which go under this nomenclature, are of great importance to the worker and which he is unable to secure by himself. The schemes of labor welfare may be regarded as a “wise investment” which should and usually does bring a profitable return in the form of greater efficiency.
RESEARCH DESIGN:
A research design is the arrangement of conditions for collection and analysis of data in a manner 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 determine the frequency with which something occurs or it’s associated with something else. These two research design help in understand the characteristic in a given situation. Think systematically about aspects in given situation, offers idea for probe and research help to make certain simple decision.
PROBABILITY SAMPLING:
Probability sampling is based on the concept of random selection; the sample may be either unrestricted or restricted. When each sample elements is drawn individually from the population at large, then the sample so drawn is known as ‘unrestricted sample’, Where as all other forms of sampling are covered under the term ‘restricted sample’.
The most frequently used probability samples are:
Simple random sample
Systematic sample
Stratified sample (proportionate & disproportionate)
Cluster sample
INDUSTRY PROFILE
The railways were introduced in the country in the 1853by the British almost immediately after it appeared in England. From a modest beginning of 53 kms between Mumbai and Thane, the railways have made a long journey and emerged as the principal mode of transport in the country. After Independence, the railways of the country were totally integrated and brought under the unified management of the Railway Board. Today, the Indian Railways (IR) has a network spread over 63,000 route kms. And 7000 stations throughout the length and breadth of the country. It carries 12 million passengers and more than 1.2 million tons of freight daily, accounting roughly for 40 per cent of the freight and 2 percent of the passenger traffic in the country.
INDIAN RAILWAYS:
Indian railways are the second largest railway network in the world, bringing people and places together. Indian Railway plays a pivotal role in the growth of our country’s economy. For functional efficiency the Indian Railways is divided in to 16 zonal railways comprising 67 divisions and 6 production units with Railway Board on top of the overall management hierarchy.
Indian Railways, with 62,000 kilometer of route are the world’s second largest railway system under a single management in the four decades. Since independence Indian railways has played a vital role in the socio-economic development of the country as well as preserving its unity and integrity, by linking together the diver’s regions through its vast growth and also contributing to the countries defense preparation.
INDIAN RAILWAYS SETUP AT A GLANCE:
Indian Railways are the larger national under taking of Government of India Transportation of men and material on an extensive scale is their business. Their capitals assets are approximately Rs.6000 crore. Railways set the face for industrial development, which depends on transportation. They also help to balance the economy of the country and promote economic growth. In view of the above importance, a separate railways Ministry has been formed at the central level. The railways board assists the Railway Ministry.
The integral coach factory at Perambur (Tamilnadu) and the newly set up Rail Coach Factory at Kapurthala in Punjab significantly contributed to the redesigning of second class and sleeper coaches for better passenger comfort. These two coach factories also helped the Indian Railway introduce AC2 tier/AC3 tiers and AC Chair
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 five year plan and consequent increase in work load in the railway workshops, Railway Board decided in 1956 to setup a furnishing annexed to ICF so that the factory could deliver complete coaches ready for service instead of steels shells only. Preliminary examination work for setting up the Rs.3.69 crores furnishing unit was taken in hand on 17.02.1956 and the first furnished coach was flagged off by shri.K.Awarup, CAO® on 16.01.1962, formally declared the division open. 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 and racks fixing and buffer height adjustment.