07-05-2013, 04:35 PM
A STUDY ON EMPLOYEES WELFARE MEASURES WITH REFERENCE TO INTEGRAL COACH FACTORY, CHENNAI
A STUDY ON EMPLOYEES.docx (Size: 143.22 KB / Downloads: 35)
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 organizationhas 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.
DESCRIPTIVE RESEARCH
In this research it deals with descriptive research type. It includes surveys and fact-finding enquiries of different kinds. The major purpose of descriptive research is description of the state of affairs as it exists at present.
SAMPLE DESIGN
A sample design is a definite plan determined before any data are actually collected for obtaining a sample from a given population. Sampling is used to collect data from limited numbers 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 various sampling method can be put. There are
1. Probability sampling
2. Non probability sampling
In this particular research the A study is on probability sampling. And in the simple random sample is used.
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
SYSTEMATIC SAMPLING
A Systematicsample is selected at random sampling. When a complete list of the population is available, 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.
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.