Idea Transcript
International Journal of Science, Technology & Management Volume No.04, Issue No. 03, March 2015
www.ijstm.com ISSN (online): 2394-1537
A STUDY ON EMPLOYEES WELFARE MEASURES WITH SPECIAL REFERENCE TO MAHANADI COLAFIED LIMITED, SAMBALPUR, ODISHA, INDIA Uttam kumar Das1 , Prof. (Dr.) J. K. Panda2⃰ 1,2
P. G. Dept. of Business Administration, Utkal University, Vanivihar, Bhubaneswar, Odisha,(India)
ABSTRACT Labour welfare as “the efforts to make life worth living for workmen”. The term „labour welfare‟, „employee welfare‟, and „workers welfare‟, are used interchangeable to denote various services provided by the employers to the employees in addition to wages. Welfare includes provision of various facilities and amenities in and around the work-place for the better life of the employees. Employee welfare includes both statutory as well as non-statutory activities. Employee is a back bone of every organization, without employee no work can be done. So employee‟s satisfaction is very important. Employees will be more satisfied if they get what they expected, job satisfaction relates to inner feelings of workers. As Mahanadi coal field are famous for coal industries, the main aim of this study is to analyze the welfare system of coal mines employees. Personal interviews and asking related questions have been used in this study to measure the employee welfare. The study shows that that 63% of the sample are satisfied with the welfare system in MCL still 27% aren‟t satisfied by the effort made by MCL toward welfare facilities. The organization may give importance to the dissatisfaction of employees behind welfare activities should be identified and improved by the welfare department MCL.
Keywords- Employee’s Satisfaction, MCL, Non – Statutory, Statutory, Welfare Measures I. INTRODUCTION Welfare is comfortable living and working conditions´. Employee welfare means the efforts to make life worth living for workman.³Welfare 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,
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International Journal of Science, Technology & Management
www.ijstm.com
Volume No.04, Issue No. 03, March 2015
ISSN (online): 2394-1537
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 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.
II.OBJECTIVES OF STUDY The objectives of the study, "Employee Welfare system in MCL" are as follows: 2.1 The main aim of the study is to find whether welfare activities contribute to the productivity & profitability of the organization, MCL. 2.2 To find the satisfaction level of the employee with the welfare measures taken by MCL. 2.3 To know the motives of MCL behind the welfare activities.
III. SCOPE OF THE RESEARCH The scope of the project is limited to Mahanadi Coalfields Limited which mainly with the following:
3.1 Determining the need of further improvement in welfare measures taken
by MCL.
3.2 To assess the effectiveness of welfare system. 3.3 Motivating employees; by indicating the development in welfare measures.
IV. METHODOLOGY A systematic method was adopted for the collection of data .Both primary & secondary data were collected for the smooth and successful completion of the study. 4.1 Primary Data Collection The primary data was collected from the Dept. of Human Resource Development. Mainly primary data was collected through personal interviews with the important person in HRD department by asking related questions.
V. ANALYSIS OF EMPLOYEE WELFARE SYSTEM IN MCL 5.1 Research Approach To fulfill the objectives of the study the primary data collection method was adopted.
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Volume No.04, Issue No. 03, March 2015
ISSN (online): 2394-1537
5.2 Research tool The research tool used for this project was through questionnaires. The questionnaires designed for this study was structure and it consisted of multiple choice and close ended questions.
5.3 Sampling The sample size was 80. The collection of data was by distribution of questionnaires and asking questions to the Employees.
Table No. 1- Statement: Satisfaction level of employee with the welfare system in MCL Option
No. Of respondents
%
Highly satisfied
20
25
Satisfied
50
62.5
Less satisfied
5
6.25
Dissatisfied
5
6.25
Source: primary data From the above table, it is observed that 62.5% of the respondents are satisfied with the welfare system in MCL. 25% of the respondents are highly satisfied where as 6.25% and 6.25 are less satisfied and dissatisfied with the welfare system respectively.
Fig. No. 1
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Volume No.04, Issue No. 03, March 2015
ISSN (online): 2394-1537
Table No. 2- Statement: Which welfare measures mean more important for employee? Option
No. Of respondents
%
Welfare measures inside work
10
12.5
20
25
50
62.5
place Welfare measures outside work place Both Source: primary data From the above table, it is observed that for 12.5% of the respondents welfare measures inside work place is more important and for 62.5% of the respondents both measures are important.
Fig. No. 2
Table No. 3-Statement: Are you comfortable with the working condition inside the work place? Option
No. Of respondents
%
Yes
60
75
No
20
25
Source: primary data From the above table, it is observed that 75% of the respondents are comfortable with the working condition inside work place and 25% of the respondents are not comfortable.
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Volume No.04, Issue No. 03, March 2015
ISSN (online): 2394-1537
Fig. No. 3 Table No. 4- Statement: Inside workplace the measures should be taken care of in MCL Option
No. of respondents
%
Safety
20
25
Cleanliness & up keeping of
35
43.75
Provision of rest hour and breaks
15
18.75
Supply of necessary beverages
10
12.5
premises
Source: primary data From the above table, it is observed that cleanliness and upkeeping of premises should be taken care of feels 43.75% of the respondents while 18.75% & 12.5% each believes that provision of rest hours and breaks as well as supply of necessary beverages should also be improved. Again 25% gives stress on improvement in safety measures.
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Volume No.04, Issue No. 03, March 2015
ISSN (online): 2394-1537
Table No. 5- Statement: Outside work place which measures are neglected and should be improved Option
No. of respondents
%
Community development
20
25
Housing
10
12.5
Education
30
37.5
Medical facilities
20
25
Source: primary data From the above table, it is observed that educational facilities in MCL is neglected and should be improved feels 37.5% of respondents : 25% of each believes that medical facilities as well as community development should be improved development should be improved and 12.5% have complaint against the housing facility.
Fig. No. 5 Table No. 6- Statement: Satisfaction level of housing or family residences according to types and rooms Response
No. of respondents
%
Excellent
25
31.25
Very good
40
50
Fare
10
12.5
Poor
5
6.25
Source: primary data From the above table, it is observed that 50% of respondents rate the housing and family residences type as „excellent‟, where 50% rate it „very good‟ and 12.5% and 6.25% rate „fare‟ & „poor‟ respectively.
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Volume No.04, Issue No. 03, March 2015
ISSN (online): 2394-1537
Fig. No. 6 Table No.7- Statement: Do you face any problem relating to water supply and sanitation? Option
No. of respondents
%
Always
0
0
Very often
10
12.5
Less often
70
87.5
Never
0
0
Source: primary data From the above table, it is observed that 87.5% of the respondents say that they face problem relating to water supply & sanitation less often and 12.5% says they face it very often.
Fig. No. 7
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www.ijstm.com
Volume No.04, Issue No. 03, March 2015
ISSN (online): 2394-1537
Table No. 8- Statement: Happy with the community development programmes like roads, lighting parks and play ground? Option
No. of respondents
%
Yes
65
81.25
No
15
18.75
Source: primary data From the above table, it is observed that 81.25% of the respondents are happy with the community development programme like roads, lighting, parks & play ground while 18.75% are not happy.
Fig. No. 8 Table No.9- Statement: Level of standard of education facilities Option
No. of respondents
%
Excellent
10
12.5
Very good
30
37.5
Good
40
50
Poor
0
0
Source: primary data From the above table, it is observed that 50% of the respondents rate the educational facilities as “Good”, 37.5% rate „very good‟ where 12.5% of respondents are highly satisfied with the educational facility and rate it “Excellent”.
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Volume No.04, Issue No. 03, March 2015
ISSN (online): 2394-1537
Fig. No.9 Table No. 10- Statement: Satisfaction level with the health and medical services of MCL Option
No. of respondents
%
Highly satisfied
25
31.25
Satisfied
50
62.5
Less satisfied
5
6.25
Dissatisfied
0
0
Source: primary data From the above table, it is observed that 62.5% of the respondents are satisfied with the health and medical services at MCL where 31.25% and 6.25% are „Highly satisfied‟ and „Less satisfied‟ respectively.
Fig. No. 10
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International Journal of Science, Technology & Management
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Volume No.04, Issue No. 03, March 2015
ISSN (online): 2394-1537
Table No. 11- Statement: The basic aim or objective of MCL behind welfare activities Option
No. of respondents
%
To motivate employees
48
60
To maintain good will
4
5
To minimize social evils
4
5
To improve social & economic
24
30
aspect of life Source: primary data From the above table, it is observed that 60% of the respondents believe that the basic aim or objective behind welfare activities of MCL is to motivate employees. Again 30% believe it is to improve social and economic aspect of life and 5% of each believe that the aim is to minimize social evils and to maintain good will and reputation of the company.
Fig. No.11 Table No. 12- Statement: Do you think that welfare measures contribute to the productivity and profitability of the organization? Option
No. of respondents
%
Yes
70
87.5
No
0
0
Can't say
10
12.5
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International Journal of Science, Technology & Management Volume No.04, Issue No. 03, March 2015
www.ijstm.com ISSN (online): 2394-1537
Source: primary data From the above table, it is observed that Yes, welfare reassures contribute to the productivity & profitability of the organization feels 87.5% of the respondent. But 12.5% of the respondent‟s answer are not clear.
Fig. No. 12 VI. CONCLUSION The main aim of this study is to find the satisfied employees with the welfare facilities at MCL. After conducting the primary study it was found that 63% of the sample are satisfied with the welfare system in MCL, still 27% aren‟t satisfied by the effort made by MCL toward welfare facilities. The Inside work place cleanliness and up keeping of premises should be improved and taken care of feels bulk of the employees. Educational facilities are the major area of concern which around 40% of the respondents feel and one of the major findings of the study. Employees are satisfied with the housing facility water supply & sanitation, community development programmes and health & medical services at MCL. The basic aim and objective of MCL behind welfare activities is to motivate the employees feels 60% of the employee. Welfare measures contribute to the productivity and profitability of the organization, feels 87.5% of the respondents.
REFERENCES
[1]. P. Ganasekaran, Labour Laws, (Aruma Pathippagam 1ST Edition, 2008, Page No: 46-59.2). [2]. C.R. Kothari, Research Methodology Methods and techniques (2ND Edition, 2004, Newage international (P) Ltd, Page No: 1-7.3). [3]. S.D. Punekar, Labour Trade Unionism and Industrial Relations, (12TH Edition, 1999, Himalaya Publishing House, Page No. 51-60).
[4]. T. N. Chhabra, Human Resource Management (5th Revised Edition, 2005, page no. 498-507.Dhanpath Rai & co. (p) Ltd.)
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www.ijstm.com ISSN (online): 2394-1537
WEBSITE REFERENCES [1]. www.google.com [2]. www.wikipiedia.com [3]. www.educationplus.com [4]. ww.scribd.com
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