1 Employee Benefits

1.

INTRODUCTION

TO

THE PROJECT

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INTRODUTION TO THE PROJECT

Social scientists have remarked that the problems of our contemporary

civilization are most marked in highly industrialized societies. Industrialization has

contributed not only to economic &scientific development but also to social &

psychological distress & work for social welfare of mankind.

This employee benefit approach has become necessary because of the

social problems that have emerged as result of industrialization in a capital setting. As

against these social problems, mainly social benefit amenities have been provided in

the industrial society for the benefit of the employees in various industrial units. There

is an increasing awareness and recognition in developing as well as developed countries

of the need for such beneficial measures in industrial employment. Very many

industrial undertakings and also the states have accepted this responsibility, as districts

from the economic activity of employment and production and strive for the benefit of

the working class. Thus, the importance of the employee benefit has been increasingly

recognized side with the economic development and industrialization.

In pas thirty years, India has devoted considerable attention to rapid

heavy industrialization. Corresponding to this, employee benefit in India has also

gained in importance. Under these circumstances, it is not surprising that employee

benefit is now offered as one of the subjects for study by students. A study of this

subject, which involves the employee problems and employee benefit movements of

today, will also be of interest to those students who may have a future role to play in

industrial welfare fields.

Benefits of the Employee today has become a very wide subject,

comprehensive and controversial. It covers a very broad field. The term benefit

suggests many ideas, meanings and connotations, such as the state of well being,

health, happiness and prosperity and the development of human resources. It is a

desirable state of existence involving the physical, mental, moral and emotional well

being.

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The social concept of benefit implies the benefit of man, his family and

his community. There is interconnection among these three aspects, in the sense that all

the three work together or individually supplement one another, in a three dimensional

approach, each mutually serving as ends and means.

Benefit is called a relative concept, for it is related to time and space,

changes in which have an impact on the system of welfare too.

We all know employee is an important resource of an organization.

There are 4 pillars on which an organization stands. Those are men, material, machine

and money. But out of them the manpower is the real power of the organization.

After the industrialization many problems did arise. Some were directly

related to employee. The problem of low wages, long working hour health and safety,

recruitment of qualified employees, absenteeism. Absenteeism has been a serious

problem in a developing country like India. Employee Benefit in simple words is a

welfare facility which is provided by employer to this employee for their betterment.

However the concept of employee benefit is flexible, elastic and it differs from

country to country. The concept of employee benefit originated in the desire for a

humanitarian approach to the sufferings of the working class. It has become a

motivating force for employees.

1.2 OBJECTIVES OF THE STUDY

PRIMARY OBJECTIVES:-

1. To find out the awareness level among the employees about various beneficial

facilities offered to employees in the organization.

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2. To know the various medical facilities offered to employees in the organization.

3. To know the satisfaction level of employees regarding monitory benefits apart

from basic salary.

SECONDARY OBJECTIVES:-

4. To study the various safety precautions taken by organization to prevent

accidents.

5. To study the overall satisfaction level of employees regarding welfare facilities

been provided by the organization.

6. To suggest the ways to improve the benefit facilities provided to employees.

LOCATION:-

This company is being located in additional MIDC, Satara.

DURATION:-

The duration of the project was 1st June-31st July 2010.

1.3 IMPORTANCE :-

As employee is a real power of an organization and directly he is related with

productivity and profitability of the company so the company provides him with the

benefits. These benefits act as a motivating factor in increasing productivity.

This plays an important role in reducing absenteeism so the benefit facilities are

directly related to organizational benefits.

1.4 Scope and Limitation:-

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1. The scope of the study is that it is restricted to “Employee Benefits” only.

2. The scope of the study is restricted to proper analysis of workers attitude towards the

benefits.

3. As there are three plants Kavitsu Transmissions, Kavitsu Automation, Kavitsu

Machine-O-electrical, The study was carried out in Kavitsu Transmissions only.

4. The study is restricted to 80 employees only.

5. The study was limited to 58 days only.

2.

THEREOTICAL

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BACKGROUND

THEREOTICAL BACKGROUND

Employee Benefit Concept

The growing attention that is being paid to the employee problems of the

present time is an indication of the increasing importance of the working classes in the

economic and social structure of modern countries. The term of employee welfare

derived from French phrase welfare which means to farewell, the total concept as

desirable state of existence involved in the physical, mental, morale & emotional well

being. These four elements together constitute the structure of employee benefit

concept which is a dynamic & flexible concept. Its meaning & contains differed from

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time to time, region to region, industry to industry & country depending upon various

factor.

Definition.

Many authors give defamations of Employee benefits. There is no

precise definition

Mr. Arthur James Todd. “A series of sharply diverse opinion exists on the

motive & merits of industrial welfare according to the report of employee

organization."

Worker’s benefit should be an extent as meaning such services, facilities &

amenities which may be established in or the vicinity or undertaking to enable the

person employed in them to perform their work in healthy manner.

The report of the committee on employee benefit such services, facilities,

amenities & adequate canteen, rest facilities arranged for travel to far accommodation

for workers employed at a distance from their homes & such other services, amenities

& facilities including social security measures as a contribution to improve the

condition under which workers are employed.

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Employee Benefit today has become a wide subject, comprehensive &

controversial. It covers a very broad field. The term benefit suggests many ideas

meanings and connotations, such as the state of well being, health, happiness &

prosperity & the development of human resources. The social concept of benefit

implies the benefit of the man, his family & his community. There is a interconnection

among these three aspect, in the sense that all the three work together or individually

supplement one another in a three dimensional approach each mutually serving as ends

means.

Benefit is called relative concept, for it is related to time & space, changes in

which have an impact on the system.

The characteristics of employee benefit vary for it depends largely on the

conscience of the community, the scientific advancement & the development nation in

all fields.

Employee Benefit is also a positive concept. In order to establish minimum

level of facility, it demands certain minimum acceptable contentions of existence

biologically & socially. This positive nature calls for setting our of minimum desirable

standards necessary in regards to certain components of benefit such as health, food,

clothing, housing, insurance, education, recreation and so on.

However, the employee benefit has both positive & negative sides associated to

it. On the positive side, it deals with provisions of opportunities which enable the

worker & his family to lead a good life socially & personally, as well as help him

adjust in the social transition in regard to his work life, family life & social life.

On the negative side, employee benefit functions, in order to neutralize the

beneficial effects of large scale industrialization & provide a counter balance to the

undesirable social consequences & the employee problem which have evolved in the

process of these transitions the world employee means the productive activity.

Thus in broader sense, the phrase 'Employee Benefit' means the adoption of

measures to promote the physical, psychological, social & general well being of the

working population. Welfare worked in any industry aims or should aim at improving

working and living conditions of worker and their families.

The concept of employee benefits originated in the desire for a humanitarian

approach to reduce the sufferings of the working class. Later it became a utilitarian

philosophy which works as a motivating force for employees & those who were

interested in it.

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THEORIES OF EMPLOYEE BENEFIT:-

Five theories, constituting the conceptual framework of employee benefits have

so far been outlined:-

1. The Policy Theory :-

This theory is based on the contention that minimum standard of facility is

necessary for employees.

If wealth and authority are both helping the man to be in advantages position he

uses it for his own advantage, exploiting those who are under him. According to this

theory, owners and managers of industrial undertaking get many opportunities for this

kind of exploitations. Laws are enacted to compel management to provide minimum

wages congeal working condition reasonable hours of work and social security

therefore the police theory leads to

The passing of laws relating to the provision of minimum welfare of the

workers.

The periodical supervision to ascertain that these beneficiaries are provided and

implemented.

Punishment to employer who disobeys these laws. In this theory the

emphasis is unfortunately on fear and not on the spirit of welfare.

2. The Religious Theory:-

This theory is based on the concept that man is essentially a religious animal

and religious feelings of the man sometimes prompt an employer to take up welfare

activities in the expectation of further benefits. Thus, any good work in considered as

investment for both benefactor and beneficiary.

3. Trusteeship Theory:-

According to this theory the industrialist are the employer who holds the total

industrial estate, properties and benefit and profits accelerating from them in trust. In

other words he uses it for himself, for benefit of his worker and also for society. The

main emphasis here is on the idea that employers should provide out the funds under

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their control, for the well being of their workers. It has no legal sanction so its value is

related to moral conscience of industrialists. This theory treats worker as perpetual

minors and industrialists as external guardians.

4. Public Relation Theory:-

This theory provides the basis for an atmosphere of goodwill between an

employee and management and also between management and public. Employee

Benefit programs under this theory works as a sort of advertisement and help an

industrialist to build good and healthy public relations. An advertisement or exhibition

of employee benefit program may help an industrialist to project to the public a good

image of his company.

5. The Placating Theory:-

This theory is based on the fact that employee groups are becoming demanding

and militant and are more conscious of the rights and privileges than ever, according to

this theory timely and periodical acts of employee welfare can appease the workers

psychology. This is also called as paternalistic theory.

Classification of Employee Benefit:-

Employee benefit can be broadly divided in to two categories-

1. Statutory:-

Statutory benefit consists of those provisions of welfare works which depend

for their implementation on coercive powered by law to fulfill their statutory obligation

on welfare. Every country is gradually increasing statutory control over employee

benefit.

2. Non statutory :-

Non statutory benefits measure includes all those activities which employers

undertake for the welfare of their workers on voluntary basis, trade unions etc.

undertake voluntary welfare work for the benefit of their members.

Necessity of Employee Benefits:-

The necessity of employee benefit is felt more because of the developing

economy aimed at rapid economic and social development. In this process it is trying to

check the baneful effects of industrial revolution which are adversely affected the

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people all over the world. The necessity of employee benefit came in a generous

mention in a resolution passed by Indian national congress. The resolution emphasized

that the state should safe guard the interest of industrial workers and should secure

them, by suitable legislation, a living wage/salary healthy conditions to work limited

hours of work suitable machinery for settlement of disputes between employees and

workmen and protection against the economic consequences of old age sickness and

unemployment.

Employee Benefit facilities serve the following purposes:-

Industrial Peace:-

The Employee Benefit activities influence the sentiment of workmen when the

workers felt that the employer and states are interested in their happiness, his tendency

to grouse and gamble will steadily disappear the development of such feeling and we

should increase the industrial peace.

Proper Thinking:-

The various beneficial measures such as housing scheme, canteens, medical

facilities etc. make the workmen to realize that they are safe industry in which they are

engaged and so they will think thrice before taking any reckless action which may

disturb the interest of industry.

Real income of workmen:-

The beneficial measures such as cheap food in canteen, free medical and

educational facilities increase the real income. This will avoid industrial disputes and

strikes.

Employee Absenteeism and Turnover:-

The benefit activities will reduce the employee absenteeism and turnover and

create permanent settles employee force by making services more attractive for

workmen.

Mental health of workmen:-

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The benefit activity will help to make some betterment in mental and moral

health of workmen which will improve their physical intelligence and standard of

living.

High productivity:-

The beneficial measure always increases the efficiency and productivity and

productivity of industry. A high standard of efficiency can be expressed only from

those persons who are physically fit and free from mental worries who are properly

treated trained, clothed and properly housed.

Co-operation:-

The employee benefits work intend to develop a real change of hearts and

change interest taken the past of employees and workers. This may provide a proper

cooperation for industrial peace.

Reducing the Cost of Production:-

It can be achieved by keeping workmen satisfied with the proper working

conditions. It will also help to reduce the different type of wastage and also total cost of

production of factory.

OBJECTIVES OF EMPLOYEE BENEFIT:-

The objective of employee benefit has progressively changed during the last

few decades. From the primitive policing and placating philosophy of employee

benefit, it gradually moved to the era of paternalism with philanthropic objectives.

Even today there is an evidence of humanitarian outlook of some of the employees in

many employee welfare programmers.

The recent thinking in employee benefit however, is more oriented towards

increasing productivity and efficiency at workplace. An outstanding trend today is that

it has become a comprehensive concept concerned with the development of total human

personality embracing physical, mental, social, psychological and spiritual aspect of

employee well being.

The aim of employee benefit activities are:-

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Partly humanitarian:-

To enable workers to enjoy a fuller and richer life.

Partly economic:-

To improve the efficiency of workers.

Partly civic:-

To develop among the workers a sense of responsibility and dignity thus make

them worthy citizens of the nation.

Another objective of Employee Benefit is to fulfill the future needs and

aspirations of working class.

SCOPE OF EMPLOYEE BENEFIT-

It is somewhat difficult to lie down accurately, the scope of employee benefit

because of the fact that employee is composed of a dynamic individual with complex

needs. The scope of employee benefit has been described by institutions of different

shades in different ways. It can be interpreted in different ways by different countries,

with varying stages of economic development, political outlook and social philosophy.

The scope of employee benefit has to be elastic and flexible enough to suit the

existing conditions of workers and to include all essential prerequisites of life and the

minimum basic amenities.

The subject of employee benefit facilities is broad one covering a wide field of

amenities, activities and services. Employee Benefit services should include all extra

mural, intramural welfare work, statutory, non statutory welfare facilities undertaken by

the employees, govt., trade unions such as adequate canteens, rest and recreational

facilities sanitary and medical facilities, arrangements of tours etc.

The scope of employee benefit should also include social security measure

which contributes to the workers benefit such as industrial health, insurance, provident

fund, gratuity, maternity benefits, workmen compensations, retirement benefits etc.

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KEY CONCEPT:-

STATUTORY BENEFIT MEASURES:-

Washing Facilities:-

a) In every factory – adequate and suitable facilities for washing should be

provided and maintained for the use of workers therein.

b).The state govt. may in respect of any factory or class or description of

factories or of any manufacturing process, prescribe standards of adequate and suitable

facilities for washing.

Facilities for sitting:-

a) In every factory suitable arrangements for sitting shall be provided and

maintained for all workers obliged to work in a standing position, in order that they

may take advantage of any opportunities for rest which may occur in their course of

work.

First aid appliances:-

a) The company should provide the first aid appliance during all working hours.

There should be first aid box equipped with the prescribed contents and the number of

such boxes or cupboards to be provided and maintained shall not be less than one for

every one hundred and fifty workers ordinarily employed at one time in the factory.

Canteens:-

a) The state govt. make the rules requiring that in any specified factory wherein

more than two hundred and fifty workers are employed , a canteen or canteens should

be provided and maintained by the occupier for the use of workers.

Shelters, restrooms and lunch room:-

a) In every factory, wherein more than one hundred and fifty workers are

employed adequate and suitable shelters or restrooms and suitable lunch room, with

provision for clean drinking water where workers can eat their food.

Voluntary beneficiary measures:-

Educational Facilities:-

Part in motivating and enabling the working population for changes necessary

for accelerated progress and for their mental and physical development. Improvement

in the quality of the industrial workforce demands accelerated space of economic

development for which education of workers, their families and children is very

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essential. Hence necessary financial and non financial incentives should be provided for

effective implementation of various adult education programs. It is also important that

the children of the worker should be provided with educational facilities.

Medical Facilities:-

The employer provides medical facilities to their workers and their family.

The workmen in the department undertaking or governed by the medical rules and

other medical facilities both indoor an outdoor. These undertakings are provided by

well equipped first aid centers, ambulance and even a small hospital either in factory

premises or inside the township.

Transport Facilities:-

Transport facilities to the worker residing at a long distance are essential to

relieve them from strain and anxiety. Such facilities also provide greater opportunities

for relaxation and recreation and help in reducing the rate of absenteeism. The

provision of transport facilities to industrial workers forms an integral part of general

transport facility and his by and large responsibility of employer.

Recreational Facilities:-

Recreation has an important bearing on the individual personality as well as his

capacity to contribute to social development. It provides an opportunity to develop his

sense of physical and mental discipline. It creates healthy climate for industrial peace

and progress.

Housing facilities:-

The industrial employer provides housing facilities to their workers. Some

companies encourage its employees to construct their own houses by allotting them

land at nominal rent at certain conditions. Some companies render assistance to the

cooperative housing societies formed by its employees. Some companies provide self

contained houses and some pay house rent allowance.

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3.

COMPANY

PROFILE

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COMPANY PROFILE

“KAVITSU TRANSMISSIONS PVT.LTD.”

Introduction of the Organization: -

Kavitsu Transmissions Pvt. Ltd. the leading manufacturer of Planetary Speed

Reduction Gearboxes in India. Kavitsu has its corporate office at Satara M.I.D.C. The

total area of site in 12000 sq /meter, with a built up are 81000 sq/meter.

Kavitsu Group of Industry is working with the principle of hardworking, commitment

with work and having a silver border of talent which makes it distinguish from other

one. In other words, Kavitsu is fabulous combination of research, innovation and

industrial talent. The main working principle of industry is “The man never works like

an instrument, but Instrument always works as a man”.

History of the Organization:-

Kavitsu Transmission Pvt. Ltd. was established on 1st June 1992 at additional M.I.D.C.,

Satara. Mr. VASANT PHADTARE is the Managing Director of the company. He is

B.E. (Mech.). In early days the company did the job works for ‘PMP’ and other

customers.

They started the company with 7 machines and 8 workers.

The company was started as “KAVITSU TECHNIQUE” and it was a proprietary type.

After year 2000 the company becomes, “KAVITSU TRANSMISSIONS Pvt. Ltd”.

In 1995 the company develops new idea and design of the Gear Box and started to

manufacture their first product as Planetary Speed Reducer. At that and scale was 5

lakhs. As time goes on increasing and new development introduced in product. Today,

they have number of different products and many famous customers all over India.

Their main customers are “Concast India, Mukund Ltd.” and “Manu Graph India Ltd.”

etc. Now Kavitsu is one of the leading manufacturers of Planetary Gear Boxes in India.

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They have manufacturers over 1 lakhs Gear Boxes up to capacity of 2.5 lakhs Nm. In

last 15years. Now they have long list of their satisfied customers. Kavitsu Transmission

Pvt. Ltd., introduce new series in shaft mounted Gearboxes to serve the various

applications in industrial use. Last year they have introduced a new product i.e.

‘Slewing ring bearings’.

They will like to project themselves as growth oriented company with concentration on

centrifugal technology. They are in process of modernizing and upgrading their

technology to increase output, reduce cost and to acquire customers all over the India.

Company’s Objectives and Mission a. Increase in productivity

b. Timely delivery of product

c. Quality improvement

d. Product up gradation with continuous research and development

e. Meet the needs and expectations of customers consistently.

Organizational Chart:-

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Product range & variety:-

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Finance manager Production manager

QC manager

AccountantQuality Engineer

Job Inspector

Personnel officer

Personnel assistant

Asst. Accountant Asst. Accountant

INC. PPC. Machine shop Supervisor

Assembly Supervisor

Trainee card operator

Commercial Assistant

Trainee card operator

Design Engineer

Design Manager

Service Incharge

Marketing Engineer

Logistic Manager

Purchase Manager

Marketing Manager

Store Incharge

Managing Director

NO. NAME OF PRODUCT (Gear Box) WEIGHT (In kg.)

1 Planetary speed reducer 42 Planetary gear mater 123 Planetary Agitate speed reducer 284 Planetary Sprocket Drive 405 Planetary Creep Drive 556 Bevel Planetary Speed Reducer 1257 Special Multi Speed Gear Box, Planetary Window 1908 Uni-axis/Parallel axis twin output shift Gear Box 2809 Planetary Belt Convey 45010 Custom Built and Differential Gear Box 75011 Shaft mounted speed reducer 110012 Crystallize Drives for Sugar Industry 160013 Gear Boxes for Sugar Mills 260014 Planetary Drives for Decuntors 2500015 Steel Plant Machinery 45000

LIST OF COMPETITORS:-

1.Bonfiglioli co. Pvt. Ltd.

2.Top Gear Transmissions Pvt. Ltd.

3. Cyclo Transmissions Pvt. Ltd. .

4.Rotomotive Pvt. Ltd.

5.Elecon Engineering Company.

6.Vijay Engineering Works.

7.Shanti Gears.

8.Premium Pvt. Ltd.

9.Magtorq Pvt. Ltd.

10. Transmitecs Pvt. Ltd.

Milestones of the Company:-

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Sr.No. Name Of Company Date Of Establishment

1 Kavitsu Transmission 1/06/19922 Kavitsu Automation 1/07/20043 Kavitsu Machine-O-Elektricks 3/08/2006

Profile of the Organization:-

Name of Organization Kavitsu Transmission Pvt. Ltd.

Location W-85, Additional M.I.D.C.,

Satara – 415002

Telephone (02162)240803, 240804

Fax 240805

Website www.kavitsugear.com

Establishment 1st June 1992

Product Planetary Gear Boxes and

Allied Products

Motto of Kavitsu “Excellence in Gear Technology”

Investment 1.3 Corers

Organization Private Limited

Awards 1) ‘Vijayshree’ for best performance in

SSI in 1998

From India International Friendship

Society, Delhi.

2) Social Work Award 2007

From General Practioner Association

Satara

3) Gumphan Gun Gaurav Purskar 2008

From Gumphan Academy, Satara

4) Mahatech 2008 Exhibition Best

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http://www.kavitsugear.com/

Display Award.

From Maharashtra Industries

Directory, Pune

5) Entrepreneur Excellence Award

2008.

From Small and Medium Business

Development and India. Mumbai

At Present Company Having:-

1) Managing Director Mr.Vasant G. Phadtare.

2) Director Mrs. K.V. Phadtare.

3) Personnel Officer Mr. Abhay H. Satpute.

4) Marketing Manager Mr. P. D. Bartakke.

Activities of Organization:-

Kavitsu Company has provided more than fifteen types of Gear Boxes. The Customer

is more satisfied because of their quality of work and service.

The State electricity board supplies the electricity to this organization. It has back up

generator in case of any failure to take care of all the activities. The company provides

uniform to the employee. Most effective activity of company that is employment

promotion programmes.

Major Customers:-

i. Alpha Laval Ltd. Pune

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ii. Bharat Petroleum Corporation

iii. Himson Group Of Companies, Surat

iv. Graves Ltd. Aurangabad

v. Indian Aluminum Co. Ltd. Kolkatta

vi. Jaihind Sciecky Ltd. Ahmednagar

vii. Sesa Industries Ltd. Goa

viii. Yashwant Sahakari Glucose, Karnataka

ix. Manugraph India Ltd. Kolhapur

Company Goal:-

Excellence in Gear Technology.

Quality Policy:-

We at Kavitsu Group of industries are committed for customer’s fullest satisfaction by

fulfilling their needs with in time supply of quality products with regular improvement

in organizational operations, process and products with involvement of employers,

suppliers, customers and financers to achieve the continuous growth in organisation

Future Plan:-

Future plan of Kavitsu can be best expressed by there philosophy. Kavitsu

Transmission has more advance research programs and big heavy Gear Box of national

air space two samples.

Kavitsu Transmission Pvt. Ltd. said the new facility was being planed to meet growing

demand of various products in the international market.

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Also i) Kavitsu Metals

ii) Kavitsu Robotics

are future plan of Kavitsu Transmissions

Human Resource Department of the Organization:-

Personnel department of the Kavitsu Transmissions Pvt. Ltd. includes two members

one is Personnel manager and other is Assistant of personnel Manager other members

of staff also help to the personnel department. Right now Personnel department handles

the administrative work. It also plays important role in keeping record of each

employee, their salary, ESI, PF, recruitment, selection, exit, training etc. The total

human strength in whole organization is 240 out of them 44 are staff employees and

other are workers. The company has not union of workers.

Human Resource Scenario of the Organization: -

Following table represents the Human resource scenario of the organization

according to various departments.

Sr. No. Name of Department No. of Employees

1. Human Resource 2

2. Finance 4

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3. Marketing 12

4. Production 7

5. Quality assurance Dept. 6

6. Design Dept. 6

7. Logistic Dept. 1

8. Material and Store Dept. 6

9. Workers 196

Total 240

Source: Secondary data source (company documents and records)

FINANCIAL SCENARIO:-

SR

NO

PARTICULARS 2007-08(Figures

in lac)

2008-09 Figures

in lac)

1 Capital invested 48.21 48.21

2 Fixed Assets 28.14 29.87

3 Purchases 592.57 610.36

4 Sales 990.95 1050.17

5 Total Expenditure 887.46 938.83

6 Profit 51.42 64.62

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7 Stock 41.77 76.91

(Sources – Secondary source i.e. balance sheet)

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4.

RESEARCH METHODOLOGY

RESEARCH METHODOLOGY

The target population of this study includes employees of the Kavitsu Transmissions

Pvt. Ltd. Satara. For getting information a structure of schedule was developed to

collect data & for research use descriptive inferential type of research method.

Data required:-

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Data regarding to conceptual Framework, company profile, employees details,

employees perception towards employee benefit is required.

Data Source:-

Data collection means, collection of information through various sources, these

are observation, schedule, survey, websites & books etc. There are two types of data-

Primary data and Secondary data.

Primary Data:-

The first hand information on any research, collected by researcher may be

called as primary data. These are original observation collected for the first time.

The study of the project was done by collecting primary data. Primary

data was collected by the means of questionnaire. The data collected facilitated original

investigation and observation leading to useful and valuable result.

Secondary Data:-

It is based on second hand information; data which has been already

collected and presented earlier by any agency the purpose of investigation is called

secondary data. The sources of data are publication of state and central government,

secondary data was collected by the means as leaflets, broachers and from various sites.

Instrument:-

For the collection of primary data schedule are prepared. It consist some Table, close-

ended questions which help to collect the information about employee’s facility.

Sampling:-

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The researcher selects 50 samples for the study. For the selection of sample size

disproportion stratified convenient sampling method was used.

Type of Research :-

The research is Descriptive inferential type of research.

Data Analysis:-

The primary and secondary data collected through some techniques. The collected data

analyzed by using some analytical techniques Such as tabulation, percentage, charts in

graphical & diagrammatical representation.

LIMITATIONS OF STUDY:-

1. It was impossible to go in depth & collect information regarding all aspects of

employee benefits.

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5.

DATA ANALYSIS &

INTERPRETATION

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DATA ANALYSIS & INTERPRETATION

Introduction :-_

Analysis of data is very important to any research. The collected data should be

presented so as to interpret the results to draw conclusions. The present study is entitled as

“A study of Employee Benefits with reference with Kavitsu Transmissions Pvt. Ltd, Satara”.

The analysis of this study is done to calculate the satisfaction level of employees in the

organization regarding the welfare facilities.

Research Tools –

Some of the tools for data collection are the usage of the schedules, interviews and

discussion to extract the essential data.

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Table No. 4.2.1

Title: Table showing age group of employees-

Age group No. of Employees Percentage

20-30 7 23.66

30-40 12 40

40 and above 11 36.66

Total 30 100

(Source: Primary data)

Interpretation –

The above table shows the age group of employees. There are 23% employees under age 20

to 30. Maximum employees are in the age group 30 to 40 i.e. 40% and 37% employees are

above 40 years age. Thus it has concluded that majority of employees are under the age

group 30-40.

Graph No. 4.2.1

Title: Graph showing percentage of age of employees-

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Table No. 4.2.2

Title: Table showing education level of Employees –

Qualification No. of employees Percentage

Up to S.S.C. 9 30

H.S.C. 6 20

Graduate 11 36.66

Post Graduate 4 13.33

Total 30 100


Interpretation –

The above table shows the educational qualification of employees. The table shows

that 37% employees are graduate. Only 13% employees are post graduate. 50% employees

have completed their education up to H.S.C. Hence we can say that maximum employees are

educated.

Graph No. 4.2.2

Title: Pie chart showing percentage of qualification of employees –

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Table No. 4.2.3

Title: Table showing awareness of welfare facilities among Employees –

Facility Total respondents No. of aware

respondents

Percentage

Wash Room 30 30 100

Medical 30 30 100

Recreation 30 13 43.33

Transport 30 30 100

Safety 30 30 100

Finance/Insurance 30 24 80


Interpretation-

The above table shows that most of the employees are known to the facilities provided to

them by the organization. But many employees are unaware about recreation facility. The

researcher has found that only 43% employees are aware about recreation facility. Such as

few employees are unaware about the safety facility. Few workers are unaware about the

safety programs arranged for them in the organization.

Graph No. 4.2.3

Title: Graph showing awareness of welfare facilities among employees-

DYPIMS Page 34

Table No. 4.2.4

Title: Table showing satisfaction level of Employees about Wash room Facility –

Level of satisfaction No. of Respondents Percentage

Highly satisfied 26 86.66

Satisfied 4 13.33

unsatisfied 0 0

Total 30 100


Interpretation –

The table shows level of satisfaction among employees regarding Wash room facility. The

researcher has found that 87% employees are highly satisfied with the washroom facility.

According to them the washrooms are clean and nearer to their workplaces. 14% employees

are partially satisfied with wash room facility. There are separate bathrooms and urinals for

men and women. Thus employees are much satisfied about the washroom facility. It has

concluded that no employee is dissatisfied with wash room facility and majority of

employees are highly satisfied with the wash rooms provided to them.

Graph No. 4.2.4:

Title: Pie chart showing percentage of level of satisfaction of employees about wash

room facility-

DYPIMS Page 35

Table No. 4.2.5:

Title: Table showing satisfaction level of Employees about Medical Facility –



Satisfied 16 53.33

unsatisfied 0 0

Total 30 100


Interpretation –

The above table shows that almost all employees are satisfied with the Medical facility

provided to them. The researcher has found that Medical check up of the employees is done

monthly in the organization. First aid box with prescribed contents is available within short

time for the workers when needed. Hygienic conditions are always maintained in and around

the workplace areas. Any injured or suffering worker is taken to the hospital within short

period.

According to the research 53% workers are partially satisfied and 47%workers are

highly satisfied with the medical facility.

DYPIMS Page 36

Graph No. 4.2.5:

Title: Pie chart showing percentage of satisfaction level of Employees about Medical

Facility –

Table No. 4.2.6:

Title: Table showing satisfaction level of Employees about Recreation Facility –


Highly satisfied 3 10

Satisfied 10 33.33

unsatisfied 0 0

Unaware 17 56.66

Total 30 100


Interpretation –

The above table shows the satisfaction level of employees regarding recreation facility.

There are 33% employees who are partially satisfied and10% employees are highly satisfied

with the recreation facility. Many of the workers do not know about the recreation facility.

DYPIMS Page 37

57% employees are unaware about recreation facility. Thus the organization needs to make the

employees aware about the recreation facility.

Graph No. 4.2.6:

Title: Pie chart showing percentage of satisfaction level of Employees about Recreation

Facility –

Table No. 4.2.7:

Title: Table showing satisfaction level of Employees about Transport Facility –



Satisfied 18 60

unsatisfied 8 26.66

Total 30 100


Interpretation –

DYPIMS Page 38

Above table shows the level of satisfaction of employees about Transport facility.13%

employees are highly satisfied with transport facility while 60% employees are partially

satisfied with transport facility. 27% employees are dissatisfied with transport facility. Thus

majority of employees are partially satisfied with the Transport facility.

Graph No.: 4.2.7:

Title: Pie chart showing percentage of satisfaction level of Employees about Transport

Facility –

Table No. 4.2.8:

Title: Table showing satisfaction level of Employees about Safety Facility –



Satisfied 17 56.66

unsatisfied 0 0

Total 30 100

DYPIMS Page 39


Interpretation –

The table shows the level of satisfaction of employees about Safety facility. According to the

research, 57% employees are partially satisfied while 43% employees are highly satisfied

with the safety facility. The employees have interpreted that the organization is taking due

care of them. Various safety applications such as hand gloves, masks are provided to

workers. Safety programs are arranged for employees to face the any unforeseen difficulty.

Graph No.: 4.2.8:

Title: Pie chart showing percentage of satisfaction level of Employees about Safety

Facility –

43%

57%

0%

Table No. 4.2.9:

Title: Table showing satisfaction level of Employees about Monitory benefits apart

from salary –



Satisfied 17 56.66

DYPIMS Page 40

unsatisfied 7 23.33

Total 30 100


Interpretation –

Above table shows the satisfaction level of employees regarding monitory benefits provided

to them by the organization. It has concluded that 20% employees are highly satisfied while

57% employees are partially satisfied with monitory benefits provided to them by the

organization.

Graph No.: 4.2.9:

Title: Pie chart showing percentage of satisfaction level of Employees about Monitory

benefits apart from salary –

20%

57%

23%

Table No.: 4.2.10

Title: Table showing satisfaction level of Employees about Insurance Services –



Satisfied 20 66.66

Unsatisfied 0 0

DYPIMS Page 41

Unaware 6 20

Total 30 100


Interpretation –

The table shows the level of satisfaction of employees about Insurance services. It has

interpreted that 13% employees are highly satisfied while 67% employees are partially

satisfied with insurance facility. The employees get benefits of the insurance services and

policies arranged for them. On another side 20% employees are unaware about the insurance

services available to them by the organization.

Graph No. .: 4.2.10

Title: Pie chart showing percentage of satisfaction level of Employees about Insurance

Services –

13%

67%

0%

20%

Table No.: 4.2.11

Title: Table showing satisfaction level of Employees about Sitting arrangements –



Satisfied 18 60

Unsatisfied 0 0

DYPIMS Page 42

Total 30 100


Interpretation –

The above table shows level of satisfaction of employees regarding sitting arrangements. It

has interpreted that 40% employees are highly satisfied and 60% employees are partially

satisfied with sitting arrangements in and around the work area. The employees agree that

there are proper sitting arrangements are there for them.

Graph No.: 4.2.11

Title: Pie chart showing percentage of satisfaction level of Employees about Sitting

arrangements –

40%

60%

0%

Table No. 4.2.12:

Title: Table showing satisfaction level of Employees about Number of Leaves –



DYPIMS Page 43

Satisfied 25 83.33

Unsatisfied 5 16.66

Total 30 100


Interpretation –

The above table shows the satisfaction level about number of leaves. The researcher has

concluded that 83% employees are partially satisfied with the number of leaves. While 17%

employees are dissatisfied with the number of leaves provided to them. According to these

workers leaves should be given immediately in case of emergency. Majority of employees

are partially satisfied with the number of leaves given to them.

Graph No.: 4.2.12:

Title: Pie chart showing percentage of satisfaction level of Employees about Number of

Leaves –

0%

83%

17%

DYPIMS Page 44

6.

OBESERVATION &

FINDINGS

1. From the above research it has found that 23% employees are under the age group

20-30. 40% employees come under the age group 30-40. And 37% employees are

DYPIMS Page 45

above age 40 years. Thus the frequency of employees under age group 30-40 is more

that that of others. (Source: Table No. 4.2.1)

2. Form the research it has interpreted that 37% employees are graduate, 50%

employees have completed their education up to H.S.C. And 13% employees are post

graduate. (Source: Table No. 4.2.2.)

3. The researcher has found that most of the employees in the organization are aware

about the welfare facilities provided to them by the organization. But there are some

employees who are unaware about the recreation and Insurance facilities. Only 43%

employees are aware about recreation facility and 80% employees are aware about

Insurance facility. In case of other facilities, the employees are familiar with the other

facilities such as medical, wash room, transport, safety etc. (Source: Table No. 4.2.3)

4. From the above research it has found that 14% employees are partially satisfied with

wash room facility and 87% employees are highly satisfied with the washroom

facility. There is no dissatisfaction among the workers about the wash room facility.

(Source: Table No. 4.2.4)

5. The above research shows that 53% workers are partially satisfied and 47%workers

are highly satisfied with the medical facility. It has found that no worker is

unsatisfied regarding the medical facilities available in the organization. (Source:

Table No. 4.2.5)

6. It has found that there are 33% employees who are partially satisfied and10%

employees are highly satisfied with the recreation facility. It has also found that 57%

employees are unaware about recreation facility. (Source: Table No. 4.2.6)

7. The researcher has found that 13% employees are highly satisfied with transport

facility while 60% employees are partially satisfied with transport facility. 27%

employees are dissatisfied with transport facility. (Source: Table No. 4.2.7)

8. According to the research, 57% employees are partially satisfied while 43%

employees are highly satisfied with the safety facility. There is no dissatisfaction

among the employees about safety services. (Source: Table No. 4.2.8)

9. From the above research it has found that 20% employees are highly satisfied while

57% employees are partially satisfied with monitory benefits provided to them by the

organization. (Source: Table No. 4.2.9)

10. The researcher has found that 13% employees are highly satisfied while 67%

employees are partially satisfied with insurance facility. On another side 20%

DYPIMS Page 46

employees are unaware about the insurance services available to them by the

organization. (Source: Table No. 4.2.10)

11. It has found that 40% employees are highly satisfied and 60% employees are partially

satisfied with sitting arrangements in and around the work area. (Source: Table No.

4.2.11)

12. The researcher has concluded that 83% employees are partially satisfied with the

number of leaves. While 17% employees are dissatisfied with the number of leaves

provided to them. (Source: Table No. 4.2.12)

13. Employees are fully satisfied about Medical or First Aid Facility, Uniform Facility,

Accidental safety Facility; they are satisfied with Holiday Facility. They are Neutral

about Leave Facility & Drinking water Facility provided by company. They are

dissatisfied with the Protective Facility & Group Insurance Facility as well as They

are fully dissatisfied with Co- operative stores facility.

14. All employees in the organization are aware about benefits.

15. All employees are happy about welfare facility provided by company.

DYPIMS Page 47

7.

SUGGESTIONS

SUGGESTIONS:-

DYPIMS Page 48

1. It is suggested that the organization should make the employees aware

and convince them about the recreation and financial facilities provided

by doing so the financial problems of the employees could be resolved

and they should bring in trust, goodwill and loyalty towards the

organization.

2. The overall satisfaction level regarding medical facilities regarding found

to be highly satisfactory. But still 5% of the employees are only satisfied

and feel that there is still scope for improvement.

3. It is suggested that though majority of the employees are feel that the

training camps are arranged regularly but still 5% of the employees

interpret that training camps are not arranged. The organization should

educate the employees about the benefits of the safety training camps.

4. It is recommended that as 25% of the employees think that the canteen

facility is not up to the mark so the company should take steps to provide

quality food, purified water, variety of foods stuffs along with cleanliness

in the canteen.

5. Quality of Shelter, Rest room facility, Protective Facility, Group

Insurance Facility & Co- operative Stores Facility should be increased.

6. Organization should improve the quality of Co- operative Stores Facility,

group Insurance Facility & Protective Facility.

DYPIMS Page 49

8.

CONCLUSION

CONCLUSION-

DYPIMS Page 50

From the above research the researcher has concluded that majority

employees are satisfied with the facilities. Employees feel that the

organization is taking care of them. They are also satisfied with the job and

this factor leads to good attendance of the employees. The prosperity and

happiness of employees are always maintained by the organization.

DYPIMS Page 51

9.

BIBLIOGRAPHY

DYPIMS Page 52

BIBLIOGRAPHY:-

1. Dr. P. Subba Rao, 2007, ‘Personnel and Human resource Management’

(Text and Cases), Himalaya Publishing House, Second Revised Edition.

2. Dr. P. Subba Rao, 2008, ‘Essential of Human resource Management and

Industrial Relations’ (Text and Cases), Himalaya Publishing House,

Third Revised Edition.

3. Mamoria C. B. and Gankar S. V., 2008, ‘Human Resource Management’

Himalaya Publishing House, Seventh Edition.

4. Kothari C. R., 2004, ‘Research Methodology’ Methods and Technique,

New Age International Publishers, Second Revised Edition.

5. Internet Websites.

i. www.google.com

ii. www.wikiepedia.com

iii. www.cite.hr

DYPIMS Page 53

http://www.cite.hr/

http://www.wikiepedia.com/

http://www.google.com/

10.

ANNEXURE

DYPIMS Page 54

QUESTIONNAIRE-

1. Personal information:i) Name:ii) Age group:

20 to 30 30 to 40 40 &above

iii) Sex: Male Female

iv) Educational qualification:S.S.C. H.S.C Graduate Post Graduate

v) Type of job :Permanent Temporary

2. Is canteen facility available in this organization?

Yes No

If yes, what is your opinion about the canteen facility?

Satisfied Neutral Dissatisfied

3. How will you rate the quality of food provided in canteen?

Excellent AverageGood Poor

4. Does the organization provide wash room facility?

Yes No

If yes, what is your opinion about the wash room facility?Satisfied Neutral Dissatisfied

5. Is there rest room facility available in the organization?

Yes No

DYPIMS Page 55

If yes, what is your opinion about the rest room facility?Satisfied Neutral Dissatisfied

6. Does the organization provide medical facility for employees?

Yes No

If yes, what is the duration of medical check up?

Daily Weekly Monthly Yearly

7. Is ambulance facility available in the organization?

Yes No

8. What are the various safety applications for the workers?

Gloves Aprons Masks Helmets

9. Does the organization arrange safety programs for employees?

Yes No

10. Are there some monetary benefits provided by the organization except salary?

Yes No

If yes, what is your opinion about the benefits?


11. Does the organization provide recreation facility?

Yes No

If yes, what is your opinion about the facility?


DYPIMS Page 56

12. Does the organization provide loan facility?

Yes No

If yes, what type of loans does the organization provide?

Home loans Vehicle loans

13. Are there insurance services for the employees in the organization?

Yes No

If yes, what type of insurances provided by the organization?

Life insurance General insurance

14. Does the organization provide transport facility?

Yes No

15. Hoe many leaves are there in a year for employees?

10 2015 25

16. Do you think that the number of leaves is sufficient for you?

Yes No

17. Do you think there should be any other facility for you in this organization?

Yes No

18. How much are you satisfied regarding overall facilities in this organization?

Highly satisfiedSatisfied Not satisfied

19. Are the sitting arrangements within the plant and canteen satisfactory?Very much Somewhat neutral Not at all

20. How often first aid box with prescribed contents is available?Every time Mostly

Sometimes only

DYPIMS Page 57

21. With how much time the injured worker is given treatment?Immediately Within 15 mints

within ½ hr more than 1 hr

22. How much time it takes to take a heavily injured/ suffering worker to the nearest hospital in case of mishap? Or how readily ambulance available

Immediately Within 15 mints Within ½ hr more than 1 hr

23. Is the hygienic condition maintained in and around the canteen and workplace areas?

Always Mostly Sometimes never

How frequently you take rest in between working hours?

After every………..5----15mints r 2------3hrs1/2hr-------1h 3-----4hrs

24. Do you move out of work place due to suffocation or other disturbance?

Yes No

25. Which welfare activity is most important for u?

Training health and safety Other welfare measures..

26. Does the organization provide educational allowances?Yes No

If yes.. What is your opinion about it?

SatisfiedNeutral Dissatisfied

27. Do you think company is taking due care of them?

Yes no

28. What is your first objective in the company?

Higher productivity Industrial peace Welfare programs

DYPIMS Page 58

29. How frequently do you leave your workplace for complains about the working Conditions in a day?

Always Often Sometimes rarely

30. Do you come across stress at your workplace?

Yes No

If yes...How does this stress affect your work efficiency?

Often mistakes made during work,

Mental pressure leading to headache, boredom, fatigue at workplace

Are not able to concentrate on work

Would avoid work

Stains worker-supervisor relationship

DYPIMS Page 59

Documents

1 Employee Benefits