Employee Welfare Measures

Categories: EmployeeWelfare

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.

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 youthful 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

Employee welfare work aims at providing such service facilities and Amenities which enable the workers employed in an organization to perform Their work in healthy congenial surrounding conductive to good health and High morale.

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Employee welfare is a comprehensive term including various services, Benefits and facilities offered by the employer. Through such generous fringe Benefits the employer makes life worth living for employees. The welfare Amenities are extended in additional to normal wages and other economic Rewards available to employees as per the legal provisions.

INDUSTRIAL PROFILE

Automotive industry: The Indian automobile sector can be divided into several segments: 2 & 3 wheelers, Passenger cars, Commercial vehicles (Heavy CVs/ Medium CVs/Light CVs), Utility vehicles (UVs) and Tractors. Agricultural tractors and Earth Moving Machinery is an associated sector, which keeps the wheels of the agrarian economy moving. It is heavily reliant and aligned to the automobile and allied engineering sector and plays a significant role in India. The automotive Industry in India is now working in terms of the dynamics of an open market.

Many joint ventures have been set up in India with foreign collaboration, both technical and financial with leading global manufacturers. Also a very large number of joint ventures have been set up in the auto-components sector and the pace is expected to pick up even further. The industry is characterized by a very high percentage (75%) of production in the 2/3 wheelers sector. India ranks as the largest manufacturer of motorcycles and second largest in manufacturing of scooters in the world. India today is also the second largest manufacturer of tractors, as well.

The industry has intense forward and backward integration. The joint venture list indicates a wide variation ranging from 10% to 100%. The equity participation is not regulated by Government but is market driven. By 2020, the luxury car segment is estimated to be around three per cent of the overall passenger car market in India. So, there is huge opportunity for growth. India is going to be one of the biggest markets for us, worldwide, according to Tomas Ernberg, Managing Director, and Volvo Auto India.

India is the largest base to export compact cars to Europe. Moreover, hybrid and electronic vehicles are new developments on the automobile canvas and India is one of the key markets for them. Global and Indian manufacturers are focusing their efforts to develop innovative products, technologies and supply chains. Major Developments & Investments * Volvo Group plans to invest Rs 3,800 crore (US$ 710. 28 million) in India over the next few years. Of this, Rs 1,800 crore (US$ 336. 45 million) would be invested in its joint venture (JV) with Eicher Motors.

Volvo also aims to export about 30 per cent of the capacity at its Indian engine plant it plans to open in Pithampur, Madhya Pradesh in 2013, as it looks to leverage costs from India operations * Honda Car India, the wholly-owned subsidiary of Honda Motor Co, plans to set up a greenfield diesel engine factory at its second industrial location in Rajasthan * Jaguar Land Rover (JLR) will incur capital expenditure worth US$ 3. 26 billion per year over the medium term mainly for product development, according to Crisil.

In addition, Tata Motors has started assembling the Jaguar XF at its new facility in Chakan near Pune, Maharashtra * The research and development (R&D) team of Fiat India will assist Chrysler to design and develop the smallest Jeep, to be launched globally by mid-2014. The Italian company has also commissioned an R&D set-up, Chrysler India Automotive Pvt Ltd, in Chennai * Hero MotoCorp has started construction of its fourth manufacturing plant and a new Global Parts Centre (GPC) at Neemrana, Rajasthan. The project will attract an investment of Rs 550 crore (US$ 102. 0 million) and both facilities are expected to be operational by FY 2013-14 * Mahindra & Mahindra (M&M) plans to invest US$ 900 million over the next four years in SsangYong Motor for developing three new vehicles and six engines. The investment would be from internal accruals, fresh equity and debt, as per Mr Pawan Goenka, President (Automotive & Farm Equipment sectors), M&M. The firm plans to buy Navistar’s 49 per cent stake in the truck and engine making joint ventures (JV) – Mahindra Navistar Automotives Ltd and Mahindra Navistar Engines Pvt Ltd – for about US$ 31. 5 million * Luxury carmakers like BMW, Audi are planning more ‘Made in India’ products to increase the number of offerings in the sub Rs 2. 5 million (US$ 46,729) category to expand market. The luxury carmakers are planning to tap the younger customers with lower price points * VE Commercial Vehicles Ltd (VECV), a joint venture between Sweden’s Volvo Group and homegrown Eicher Motors, will invest Rs 1,200 crore (US$ 224. 30 million) by 2014 for expanding production capacity and developing new products * Luxury car brands in India have registered growth of 12. 5 per cent during January-November 2012 period. The luxury car market in India is expected to reach 150,000 units by 2020, as per Mr Tomas Ernberg, Managing Director (MD), Volvo Auto India The Modern Industry After 1945, sales once again took off, reaching 6. 7 million in 1950 and 9. 3 million in 1965. The U. S. auto industry dominated the global market with 83% of all sales, but as Europe and Japan rebuilt their economies, their auto industries grew and the U. S. share dropped to about 25%.

Following the OPEC oil embargo in 1973, smaller, fuel-efficient imports increased their share of the U. S. market to 26% by 1980. In the early 1980s, U. S. auto makers cut costs with massive layoffs. Throughout the 1990s, imports—particularly from Japan—took an increasing share of the U. S. market. Beginning in the early 1980s, Japanese and, later, German companies set up factories in the United States; by 1999, these were capable of producing about 3 million vehicles per year. That year, 8. 7 million vehicles were sold in the Untied States.

Since then, domestic production by U. S. companies has continued to decline, so that they now produce somewhat more than half of all light motor vehicles sold in America (and many of their vehicles contain a significant percentage of foreign parts as determined by dollar value). In 2007, over $440 billion worth of motor vehicles and parts were produced in the United States by U. S. and foreign companies employing more than 902,000 workers. The credit crisis that began in 2008 and the associated recession resulted in significant losses for most automobile manufacturers.

The U. S. industry was especially hard hit, losing sales as well from late 2007 to mid-2008 as customers sought more energy-efficient cars as gasoline prices skyrocketed, and in late 2008 U. S. automotive companies sought government financial aid. Subsequently, the government forced Chrysler and General Motors to declare bankruptcy (2009) and reorganize in an attempt to create viable companies; the U. S. and Canadian governments and the United Auto Workers owned much of the new companies.

Complaints about auto pollution, traffic congestion, and auto safety led to the passage of government regulations beginning in the 1970s, forcing auto manufacturers to improve fuel efficiency and safety. Auto companies are now experimenting with cars powered by such alternative energy sources as natural gas, electricity, hydrogen fuel cells, and solar power. COMPANY PROFILE JKM AUTOMOTIVE (A DIVISION OF DYNAMATIC TECHNOLOGIES LIMITED) designs and builds highly engineered products for Automotive, Aeronautic, and Hydraulic and Security applications.

With futuristic design, engineering and manufacturing facilities in Europe and India, we are able to meet customers’ exacting requirements on 6 continents. Our facilities which are located in India (Bangalore, Chennai, Coimbatore, Nasik), United Kingdom (Swindon, Bristol) and Germany (Schwarzenberg), are lean, green and clean, and designed to support neighboring communities as well as the environment. With three design laboratories in India and Europe, Dynamatic® is a leading Private R;amp;D Organization, with numerous inventions and patents to its credit.

The Company and its Subsidiaries employ around 50 scientists and 500 engineers with expertise in Mechanical Engineering, Advanced Computer Aided Engineering, Materials ;amp; Metallurgical Engineering, Fluid Dynamics and Defense ;amp; Aerospace Research. CORPORATE STRUCTURE – HYDRAULICS DYNAMATIC® HYDRAULICS is one of the world’s largest Hydraulic Gear Pumps makers, and, is focused on being number one. It has two state-of-the-art manufacturing facilities, located in Bangalore, India, and Swindon, U. K. | | | India

The Dynamatic® production facilities in Bangalore employ cutting-edge technologies and modern machinery to manufacture a wide range of sophisticated Hydraulic Valves and custom tailored Hydraulic Solutions extending from simple Hydraulic Pumping Units to complex Marine Power Packs and Aircraft Ground Support Systems to Turnkey Industrial Installations. AUTOMOTIVE & METALLURGY Dynamatic® produces high quality Ferrous and Non-Ferrous Automotive Components for Highway, Off-Highway and Technology oriented applications for leading Global Automotive OEMs.

The Company possesses modern Ferrous and Non-Ferrous foundries as well as modern state-of-the-art automotive component manufacturing facilities in India and Germany, and is able to vertically integrate the competence and locational advantages of its facilities to deliver greater value to our customers. | | JKM Wind Farm generates green energy for captive consumption, enabling Dynamatic® to achieve a significant reduction in monthly energy costs at its Chennai complex. JKM Automotive™ produces high quality Ferrous and Non-Ferrous critical Engine and Transmission Components on a single-source basis for leading Global Automotive OEMs including Hyundai Motor India Limited, John Deere, Cummins, Honeywell Turbo Technologies Limited and Ford Motor Company. JKM Automotive’s manufacturing facilities incorporate modern technologies and highly efficient production processes, and are certified to the highest quality and safety standards specified by the Automotive Industry.

JKM Automotive™, a dominant force in the Indian Auto Component Industry, catering to over 40% of the Indian passenger car market, is currently working towards enhancing our global footprint through collaborations with international Automotive OEMs. | | High Precision Robotic Core Setter in the GFD Moulding Line  at Eisenwerk Erla GmbH, Germany. | Eisenwerk Erla GmbH is a preferred supplier of Precision, Complex Metallurgical Products for Automotive Engines and Turbochargers to leading Global Automotive OEMs including Audi, BMW, Borg Warner Turbo Emission Systems, Volkswagen and Daimler.

The Eisenwerk Erla site which has been in business for over 630 COMPANY POLICIES

  1. Code of Ethics
  2. General policy regarding Laws and Business Conduct
  3. Conflicts of Interest
  4. Internal accounting control procedures and records
  5. Policy on Insider trading
  6. Policy on Intellectual Property
  7. Commercial Bribery/ Avoidance of offerings or monetary receipts or other inducements
  8. Information of a confidential or proprietary nature
  9. Environment, Health and Safety Policy
  10. Harassment

STRUCTURE OF THE ORGANIZATION Managing Director Executive Director Deputy COO General Manager AGM Senior Manager Manager Deputy Manager Asst. Manager Deputy Manager Officer Supervisors Assistance Contract Workers TOT’s Apprentices Fig 1. 1 Structure of the organization 1. 2 PRODUCT PROFILE M/s JKM Automotive, a division of Dynamatic Technologies Limited, produces high quality ferrous and non-ferrous critical engine and transmission components on a single source basis for Global Automotive OEMs.

Customers include Hyundai Motor India Limited, John Deere, Cummins, Honeywell Turbo Technologies Limited, Fiat India Automobiles Pvt. Limited, Ford Motor Company, Daimler India Commercial Vehicles Limited, Renault Nissan India Private Limited and TATA Motors Limited. M/s JKM Automotive has two manufacturing facilities located in Chennai, the automotive hub of India, which incorporate state-of-the-art technologies and highly efficient production systems and processes to produce automotive components for highway, off-highway and technology oriented applications.

Both facilities are certified to the highest quality and safety standards specified by the automotive industry including TS 16949, OSHAS 18000 and ISO 14000, as well as, to Ford Q1 quality standards. The Automotive division’s production and quality systems have also been audited and approved by various Global Automotive Majors including Hyundai, TATA Motors, FIAT, Ford, Nissan, Honda, Volkswagon, Renault, Peugeot Citron (PSA), Daimler, John Deere and Cummins. M/s JKM Automotive has registered stellar growth over the past decade, evolving from a green field venture into a dominant force in the Indian Auto Component Industry.

The Division caters to over 40% of the Indian passenger car market including the Hyundai cars Santro, Accent, i10, i20 and Getz, the TATA Indica, Indigo, Vista and Manza , FIAT’s Linea & Punto as well as General Motor’s Tavera. JKM Automotive has been working towards enhancing its global footprint through collaborations with international Automotive OEMS for various developmental projects and has established direct supplies to John Deere (USA), Cummins (UK & USA), Ford Motor Company (South Africa), Honeywell ( Italy & France) and Getrag Ford ( UK).

M/s JKM Automotive association with internationally renowned, progressive automotive OEMs keeps it constantly geared to anticipate and fulfill the challenges posed by the global automobile industry. 1. 2. 1 Products 1. Oil pump assy – Accent 2. Water pump assy – Accent 3. PA Exhaust manifold 4. Fork shift – Accent 5. Inlet manifold – Accent 6. Camcap shift BRG’s – Accent 7. Water pump assy – Santro 8. Exhaust axis fold – Santro 9. Rocker cover assy – Santro 10. TIP Rocker arm-A 11. TIP Rocker arm-B 12. Pulleys – Santro 13. Fork shifts – Santro 4. Exhaust manifold – Accent 15. Rocker arm assy – Santro 16. Camcap tharst assy – Santro 17. Oil pump assy – Santro 18. Case oil seal assy – Santro 19. PA Fork shift 5R 20. PA Fork shift 3,4 21. PA Fork shift 1,2 22. PA kappa exmani 23. PB kappa exmani 24. Inlet manifold – Santro 25. 3 port exmani 26. 3 port leaded exmani 27. 1. 2 leaded exmani 28. 1. 3 inlet manifold assy OBJECTIVES OF THE STUDY PRIMARY OBJECTIVE: * To study the employees welfare measures in Dynamatic Technologies Limited (A Division of JKM Automotive).

SECONDARY OBJECTIVES: * To identify the various welfare measures provided to the employees. * To know their satisfaction towards the welfare measures * To understand how welfare measures improve the motivation of the Employees. * To find out employees preference regarding welfare measures which they like to have in future. NEED OF THE STUDY * To know about the legal provisions in Dynamatic Technologies Limited (A Division Of JKM Automotive) * To find whether Labor welfare helps in providing good industrial relations. To know about the employees satisfaction towards welfare measures. * To find out the facilities entitled by Dynamatic Technologies Limited (A Division Of JKM Automotive) SCOPE OF THE STUDY * The present study has been undertaken to study find out effectiveness of employee welfare measures in Dynamatic Technologies Limited. * To find out the practical difficulties involved in welfare measures that can be evaluated through this study. * The study can be used to bring out the solution for the problem faced by the employees availing the welfare measures. Through the study, company would be able to know the satisfaction level of employee on welfare measures. REVIEW OF LITERATURE The term is derived from the French word “WELFARE”. This French word is “wellbeing or happiness or prosperity of individuals” ‘Welfare means faring or doing well’. It is a comprehensive term and refers the physical, mental, moral and emotional wellbeing of individual. DEFINITION OF EMPLOYEE WELEARE: Welfare measures may also be provided by the government, trade unions and non-government agencies in addition to the employer. International Employee Organization efforts to make life worth living for workers” According To the Oxford dictionary “Welfare is fundamentally an attitude of mind on the Part of management influencing the method by which management activities Are undertake Employee Welfare as a term which is understood to include such services, facilities and amenities as may be established in the vicinity of undertaking to enable the persons employed in them to perform their work in healthy, congenial surrounding to provide them amenities conductive to good and healthy and high moral”.

INTERNATIONAL EMPLOYEE ORGANIZATIONAT ASIAN RAGIONAL COFERENCEARTHUR JAMES TODD {1933} point welfare is “Anything” done for the comfort and improvement, intellectual and social of the employees over and above the wage paid, which is not necessary for the industry. PROUD E. S. defines the welfare work as voluntary efforts on the part of employers to improve the existing industrial system the condition of employment in their own factories. Industrial Relations Journal, Vol. 36, No. 5, pp. 348-366, September 2005. Using British national survey data, this article assesses the impact of nions on management practices to reduce labor costs, implement high-performance work systems, and make employee welfare provisions. Relative to non-union workplaces, those with unions are found to have practices which are consistent with ‘mutual gains’ outcomes.? Staff development and employee welfare practices and their effect on productivity? Ghana Library Journal: Vol. 19 (1) 2007 pp. 83-96 Staff development and employee welfare are valuable assets in an organization since an organization’s primary aims are productivity and profitability.

Every organization primarily needs committed and dedicated staff that will help the organization to meet its tactical and strategic objectives. The study examines whether staff development policies exist in three special libraries in Ghana, and whether training programmers are being offered to increase staff competence, efficiencies and performance. It was also aimed at assessing staff welfare practices and how these affect productivity and performance. In conducting the survey, two sets of questionnaires were drawn up.

One set was administered to management and the other set went to Library staff. The survey revealed that all the Organizations under study have staff development policies and training programmers for staff to enhance their capabilities and efficiency. Again, the survey revealed that staff welfare is catered for since several motivational avenues and incentive packages are available to boost their morale. In his book on “The spirit of Industrial Relation” Prof. H.

S Krikardly observes that “the whole field of welfare is one is which much can be done to comate the sense of frustration of the industrial worker, to relieve them of their personal and family worries’ to improve their health, to afford them a means of self expressions, to offer them some sphere in which one can excel all others to help him to a wider conception of life, if within the field of welfare and particularly that part of it which comprises sports and games, a large measures of self government can be left to worker, even in management of facilities provided by the employer, a sense of responsibility, initiative and co-operation can be fostered and often among those whose daily tasks afford them the least opportunity of developing characteristics.

So essential to industrial enterprises and wise citizenship. As a result of the above measures, the improvement in production could be achieved. The study conducted by Sahni S. L. ( 1938 ) reveals that regular welfare departments were started in the Textile Mills in 1934. A Majority of the mill officials, who were deputed to carry out welfare work in addition to their duties, looks upon in as a means of placating labor. They attempted to keep worker out of labor organization. This revealed the need for an independent labor department under qualified labor officers. The recreation facilities were not only meager but had not reached down the workers levels. The study by Chitnis R. Y. 1950) reveals that 242 workers of a loyalty were interviewed and only 3% of them attended lectures arranged at their factories to explain the E. S. L Scheme. Over ? the felt that the benefits derived were not worth the contributions made for 2 out of 3 said it was regard to calculation of the rate of payment. The scheme was not extended to members of the family. Padaliya G. L. (1952) has the observation by his study as the implementation of the non-statutory services and programs involved and approximate per capita expenditure of Rs. 1. 75. As regards Industrial Programs, Nursery School, Adult education Classes, Reading room and Library, Games sewing classes, Creches and club activities were available According to the study conducted by Aggarwal S. K. 1955) the mill provided a variety of welfare amenities like recreation, education, housing, health, canteen, social security. The welfare programs dated back to the year 1921 and did not come about as a result of the passing of the factories act of 1948. The management was deeply concerned about the welfare of the workers and spends a good deal of money in providing these facilities with a view to project their socio-economic and culture development. RESEARCH METHODOLOGY Definition of Research: The 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.? – D. Slesinger and M. Stephenson 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 its 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. 1. 1. 5. 2 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 studies 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 µunrestricted sample, where as all other forms of sampling are covered under the term µrestricted sample. The most frequently used probability samples are: * Simple random sample * Systematic sample * Stratified sample (proportionate & disproportionate) * Cluster sample NON- PROBABILITY SAMPLING:

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. * Judgment sampling * 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 is available, this method is used. If a sample of 10 students is to be selected from 100 students, under this method kith item is picked up from the sample frame and k is the sample interval. POPULATION SIZE:

The overall population size is 250. SAMPLE SIZE: The total sample size of 100 Has been taken for this study. Both male and female employees have been interviewed. 1. 1. 5. 3 DATA COLLECTION METHOD: Primary Source of Data: Primary data is known as the data collected for the first time through field survey. Such data are collected with specific set of objectives to assess the current status of any variable studied. RESEARCH INSTRUMENT: In this project, the data were collected through structured questionnaire. QUESTIONNAIRE: A questionnaire is a schedule consisting of a number of coherent and formulated series of question related to the various aspects of the under study.

In this method a pre ± printed list of question arranged in sequence is used to elicit response from the important. Types of questions: The following are the types of questions, which are used in research. They are: a) Open ended question b) Close ended question c) 5 point liker’s scale a) Open ended questionnaire: An open-ended question gives the respondents complete freedom to decide the form length and detail of the form. b) Close ended questionnaire: The close-ended question is of two types they are as follows: * Dichotomous question this type has only two answers in the form of ? YES? or ? NO? , TRUE? or FALSE? etc * Multiple ± choice questions.

In this case the respondents are offered two or more choices and the respondent have to indicate which is applicable in the following cases. * 5 point scale will be used to analyze the questions like “Highly Satisfied, Satisfied, Neutral, Dissatisfied, Highly Dissatisfied” 1. 1. 5. 4 STATISTICAL TOOLS APPLIED: * Percentage Analysis * Chi-Square method * Correlation. 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 by the way of Bar-diagram, Pie charts in order to have better understanding of the analysis. It is expressed as, Percentage (%) = ((No of respondents * 100) / total no of respondents) CHI – SQUARE METHOD:

A chi-square test is a statistical test commonly used for testing independence and goodness of fit. Testing independence determines whether two or more observations across two populations are dependent on each other (that is, whether one variable helps to estimate the other). Testing for goodness of fit determines if an observed frequency distribution matches a theoretical frequency distribution. In both cases the equation to calculate the chi-square statistic iswhere O equals the observed frequency and E the expected frequency. The results of a chi-square test, along with the degrees of freedom, are used with a previously calculated table of chi-square distributions to find a p-value.

The p-value can then be used to determine the significance of the test. CORRELATION: In statistics, the Pearson product-moment correlation coefficient (r) is a common measure of the correlation between two variables X and Y. When measured in a population the Pearson Product Moment correlation is designated by the Greek letter rho (? ). When computed in a sample, it is designated by the letter “r” and is sometimes called “Pearson’s r. ” Pearson’s correlation reflects the degree of linear relationship between two variables. It ranges from +1 to -1. A correlation of +1 means that there is a perfect positive linear relationship between variables.

A correlation of -1 means that there is a perfect negative linear relationship between variables. A correlation of 0 means there is no linear relationship between the two variables. Correlations are rarely if ever 0, 1, or -1. If you get a certain outcome it could indicate whether correlations were negative or positive. Mathematical Formula:– : The quantity r, called the linear correlation coefficient, measures the strength and the direction of a linear relationship between two variables. The linear correlation coefficient is sometimes referred to as the Pearson product moment correlation coefficient in honor of its developer Karl Pearson. The mathematical formula for computing r is: LIMITATIONS OF STUDY The respondents are unable to fill the questionnaire on specific time due to their busy schedule * Many employees gave diplomatic (open/sensitive) answers to some of the questions. * Some employees hesitated to give the actual situation; they feared that management would take any action against them * Sometimes the wrong opinion expressed by the respondents can adversely affect the genuine results/project. DATA ANALYSIS AND INTERPRETATION AGE TABLE NO: 3. 1. 1 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| BELOW 25 YRS| 25| 25| 25 – 35 YRS| 43| 43| 36 – 45 YRS| 19| 19| 46 – 55 YRS| 9| 9| ABOVE 55 YRS| 4| 4| TOTAL| 100| 100| AGE CHART NO:3. 1. 1 INFERENCE: From the table no 3. 1. , 43% of the respondents belong to the age group of 25 – 35 yrs, 25% of the respondents belong to the age group of below 25 yrs, 19% of the respondents belong to the age group of 36 – 45 yrs, 9% of the respondents belong to the age group of 46 – 55 yrs and 4% of the respondents belong to the age group of above 5 yrs. GENDER TABLE NO:3. 1. 2 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| MALE| 72| 72| FEMALE| 28| 28| TOTAL| 100| 100| GENDER CHART NO:3. 1. 2 INFERENCE: From the table no 3. 1. 2, 72% of the respondents are male and 28% of the respondents are female. EXPERIENCE TABLE NO:3. 1. 3 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| BELOW 1 YRS| 45| 45| 2 – 3 YRS| 34| 34| 4 – 6 YRS| 13| 13| 7 – 9 YRS| 6| 6| ABOVE 10 YRS| 2| 2| TOTAL| 100| 100| EXPERIENCE CHART NO:3. 1. 3 INFERENCE: From the table no 3. 1. , 45% of the respondents have an experience of bolew1 yr, 34% of the respondents have an experience of 2 – 3 yrs, 13% of the respondents have an experience of 4 – 6 yrs, 6% of the respondents have an experience of 7 – 9 yrs and 2% of the respondents have an experience of above 10 yrs. QUALIFICATION TABLE NO:3. 1. 4 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| SSLC| 0| 0| DIPLOMA| 0| 0| UG| 80| 80| PG| 17| 17| OTHERS| 3| 3| TOTAL| 100| 100| QUALIFICATION CHART NO:3. 1. 4 INFERENCE: From the table no 3. 1. 4, 80% of the respondents have completed UG , 17% of the respondents have completed PG and 3% of the respondents have completed other educational courses. |

WHETHER THE ORGANIZATION PROVIDES PROPER WELFARE FACILITY TABLE NO:3. 1. 5 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| YES| 94| 94| NO| 6| 6| TOTAL| 100| 100| WHETHER THE ORGANIZATION PROVIDES PROPER WELFARE FACILITY CHART NO:3. 1. 5 INFERENCE: From the table no 3. 1. 5, 94% of the respondents said yes and 6% of the respondents said no. SATISFACTION LEVEL ON WELFARE ACTIVITIES TABLE NO: 3. 1. 6 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| HIGHLY SATISFIED| 14| 14| SATISFIED| 50| 50| NEUTRAL| 21| 21| DISSATISFIED| 9| 9| HIGHLY DISSATISFIED| 6| 6| TOTAL| 100| 100| SATISFACTION LEVEL ON WELFARE ACTIVITIES CHART NO:3. 1. 6 INFERENCE: From the above table 3. 1. , 50% of the respondents are satisfied with the welfare activities, 21% of the respondents are neutral, 14% of the respondents are highly satisfied, 9% of the respondents are dissatisfied and 6% of the respondents are highly dissatisfied. DRINKIG WATER FACILITY TABLE: NO: 3. 1. 7 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| EXCELLENT| 10| 10| VERY GOOD| 53| 53| GOOD| 27| 27| AVERAGE| 6| 6| POOR| 4| 4| TOTAL| 103| 100| DRINKIG WATER FACILITY CHART: NO: 3. 1. 7 INFERENCE: From the above table 3. 1. 7, 53% of the respondents are feeling very good about the drinking water facility, 27% of the respondents are feeling good, 10% of the respondents are feeling excellent, 6% of the respondents are feeling average and 4% of the respondents are feeling poor. WHETHER THE COMPANY PROVIDES PROPER WASHING FACILITY

TABLE NO: 3. 1. 8 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| YES| 93| 93| NO| 7| 7| TOTAL| 100| 100| WHETHER THE COMPANY PROVIDES PROPER WASHING FACILITY CHART NO: 3. 1. 8 INFERENCE: From the above table 3. 1. 8, 93% of the respondents said yes that the organization provides a proper washing facility and 7% of the employees said no. SATISFACTION LEVEL ON MEDICAL FACILITY TABLE NO:3. 1. 9 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| HIGHLY SATISFIED| 50| 50| SATISFIED| 34| 34| NEUTRAL| 16| 16| DISSATISFIED| 0| 0| HIGHLY DISSATISFIED| 0| 0| TOTAL| 100| 100| SATISFACTION LEVEL ON MEDICAL FACILITY CHART NO:3. 1. 9 INFERENCE: From the above table 3. 1. 50% of the respondents are highly satisfied, 34% of the respondents are satisfied and 16% of the respondents are neutral with the medical facility which is provided by the Organization. OPINION ON ambulance FACILITY TABLE NO: 3. 1. 10 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| STONGLY AGREE| 31| 31| AGREE| 56| 56| NEUTRAL| 13| 13| DISAGREE| 0| 0| STRONGLY DISAGREE| 0| 0| TOTAL| 100| 100| OPINION ON ambulance FACILITY Chart NO:3. 1. 10 INFERENCE: From the above table 3. 1. 10 56% of the respondents are agreed, 31% of the respondents are strongly agreed and 13% of the respondents are neutral with the Ambulance facility which is provided by the Organization.

WHETHER THE COMPANY PROVIDE PROPER REST ROOM FACILITY TABLE NO: 3. 1. 11 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| YES| 57| 57| NO| 43| 43| TOTAL| 100| 100| WHETHER THE COMPANY PROVIDE PROPER REST ROOM FACILITY CHART NO: 3. 1. 11 INFERENCE: From the above table 3. 1. 11 57% of the respondents said yes that the company provides proper rest room facility and 43% of the respondents said no. OPINION ON refreshments TABLE NO:3. 1. 12 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| STONGLY AGREE| 46| 46| AGREE| 29| 29| NEUTRAL| 11| 11| DISAGREE| 10| 10| STRONGLY DISAGREE| 4| 4| TOTAL| 100| 100| OPINION ON refreshments CHART NO: 3. 1. 12 INFERENCE: From the above table 3. 1. 2 46% of the respondents are strongly agree, 29% of the respondents are agree, 11% of the respondents are neutral, 10% of the respondents are disagree and the 4% of the respondents are strongly disagree with the refreshments which is provided by the Organization. SATISFACTION LEVEL ON CANTEEN SERVICE TABLE NO: 3. 1. 13 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| HIGHLY SATISFIED| 4| 4| SATISFIED| 7| 7| NEUTRAL| 51| 51| DISSATISFIED| 25| 25| HIGHLY DISSATISFIED| 13| 13| TOTAL| 100| 100| SATISFACTION LEVEL ON CANTEEN SERVICE CHART NO: 3. 1. 13 INFERENCE: From the above table 3. 1. 13 51% of the respondents are neutral, 25% of the respondents are dissatisfied and 13% of the respondents are highly dissatisfied, 7% of the respondents are satisfied and 4% of the respondents are highly satisfied with the canteen service which is provided by the organization. SODEXO FACILITY TABLE NO: 3. 1. 14

PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| HIGHLY SATISFIED| 14| 14| SATISFIED| 50| 50| NEUTRAL| 21| 21| DISSATISFIED| 9| 9| HIGHLY DISSATISFIED| 6| 6| TOTAL| 100| 100| SODEXO FACILITY CHART NO: 3. 1. 14 INFERENCE: From the above table 3. 1. 14 50% of the respondents are satisfied, 21% of the respondents are neutral, 14% of the respondents are highly satisfied, 9% of the respondents are dissatisfied and 6% of the respondents are highly dissatisfied with the SODEXO service which is provided by the organization. UNIFORM FACILITY TABLE NO: 3. 1. 15 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| STONGLY AGREE| 44| 44| AGREE| 20| 20| NEUTRAL| 21| 21| DISAGREE| 10| 10|

STRONGLY DISAGREE| 5| 5| TOTAL| 100| 100| UNIFORM FACILITY CHART NO: 3. 1. 15 INFERENCE: From the above table 3. 1. 15 44% of the respondents are strongly agree, 21% of the respondents are agree, 20% of the respondents are neutral, 10% of the respondents are disagree and 5% of the respondents are strongly disagree with the Uniform which is provided by the organization. FIRST AID FACILITY TABLE NO: 3. 1. 16 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| HIGHLY SATISFIED| 44| 44| SATISFIED| 30| 30| NEUTRAL| 11| 11| DISSATISFIED| 10| 10| HIGHLY DISSATISFIED| 5| 5| TOTAL| 100| 100| FIRSTAID FACILITY CHART NO: 3. 1. 16 INFERENCE: From the above table 3. 1. 6 44% of the respondents are highiy satisfied, 30% of the respondents are satisfied, 11% of the respondents are neutral, 10% of the respondents are dissatisfied and 5% of the respondents are highly dissatisfied with the first aid facility which is provided by the organization. WHETHER THE COMPANY PROVIDES FIRST AID TRAINING FACILITY TABLE NO: 3. 1. 17 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| YES| 95| 95| NO| 5| 5| TOTAL| 100| 100| WHETHER THE COMPANY PROVIDES FIRST AID TRAINING FACILITY CHART NO: 3. 1. 17 t INFERENCE: From the above table 3. 1. 17 95% of the respondents said yes tha the company provides proper first aid training facility and 5% of the respondents said no GIFTS & VOUCHERS TABLE NO: 3. . 18 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| HIGHLY SATISFIED| 20| 20| SATISFIED| 56| 56| NEUTRAL| 13| 13| DISSATISFIED| 11| 11| HIGHLY DISSATISFIED| 0| 0| TOTAL| 100| 100| GIFTS & VOUCHERS CHART NO: 3. 1. 18 INFERENCE: From the above table 3. 1. 18 56% of the respondents are satisfied, 20% of the respondents are highly satisfied, 13% of the respondents are neutral and 11% of the respondents are dissatisfied with the Gifts & Vouchers which is provided by the organization. WORKING ENVIRONMENT TABLE NO: 3. 1. 19 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| HIGHLY SATISFIED| 56| 56| SATISFIED| 29| 29| NEUTRAL| 7| 7| DISSATISFIED| 6| 6|

HIGHLY DISSATISFIED| 2| 2| TOTAL| 100| 100| WORKING ENVIRONMENT CHART NO: 3. 1. 19 INFERENCE: From the above table 3. 1. 19 56% of the respondents are highly satisfied, 29% of the respondents are satisfied, 7% of the respondents are neutral, 6% of the respondents are dissatisfied and 2% of the respondents are highly dissatisfied with the Working Environment which is provided by the organization MOTIVATE THE EMPLOYEE TABLE NO: 3. 1. 20 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| STONGLY AGREE| 46| 46| AGREE| 29| 29| NEUTRAL| 11| 11| DISAGREE| 10| 10| STRONGLY DISAGREE| 4| 4| TOTAL| 100| 100| MOTIVATE THE EMPLOYEE CHART NO: 3. 1. 20 INFERENCE: From the above table 3. 1. 0 46% of the respondents are highly satisfied, 29% of the respondents are satisfied, 11% of the respondents are neutral, 10% of the respondents are dissatisfied and 4% of the respondents are highly dissatisfied with the Motivate the Employee by the organization EXPECTED WELFARES TABLE NO: 3. 1. 21 PARTICULARS| NO OF RESPONDENTS| PERCENTAGE| INDUSTRIAL TOURS| 23| 23| BUSINESS GAMES| 20| 20| MOTIVATIONAL REWARDS AND AWARDS| 29| 29| GENERAL KNOWLEDGE PROGRAMS| 28| 28| TOTAL| 100| 100| EXPECTED WELFARE CHART NO: 3. 1. 21 INFERENCE: From the above table 3. 1. 21 29% of the respondents are expecting Motivational Awards and Rewards, 28% of the respondents are expecting to Conduct General Knowledge games, 23% of the respondents are expecting Industrial Tours and 20% of the respondents are expecting Business Games. CHI SQUARE TEST: (1)

To test the significant relationship between the Experience and the Satisfaction level with the employee welfare activities in JKM Automotive (A Division of Dynamatic Technologies Limited). NULL HYPOTHESIS (H0): There is no significant relationship between the Experience and the satisfaction level with the employee welfare activities. ALTERNATIVE HYPOTHESIS (H1): There is a significant relationship between the Experience and the satisfaction level with the employee welfare activities. TABLE: EXPERIENCE| HIGHLY SATISFIED| SATISFIED| NUETRAL| DISSATISFIED| HIGHLY DISSATISFIED| TOTAL| BELOW 1 YR| 8| 21| 10| 4| 2| 45| 2 – 3 YRS| 4| 15| 9| 5| 1| 34| 4 – 6 YRS| 1| 10| 2| 0| 2| 13| 7 – 9 YRS| 1| 4| 0| 0| 1| 6|

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Employee Welfare Measures. (2018, Sep 16). Retrieved from http://studymoose.com/employee-welfare-measures-essay

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