Employee Welfare Measures in Computer Peripherals Manufacturing Companies

Transcription

1 Volume 9 o , ISS: 4-95 (on-line version) url: ijpam.eu Employee Welfare Measures in Computer Peripherals Manufacturing Companies V. Krishna Priya and 2 G. Madhumita School of Management Studies, VISTAS, Chennai. priyaraghavan8@gmail.com. 2 School of Management Studies, VISTAS, Chennai. madhusai2@gmail.com Abstract The study was demeanor in order to know the welfare measures provided to the employees of Computer Peripherals Manufacturing Companies in Southern Chennai. The study reveals the various welfare measures and the level of satisfaction of the employees with respect to the measures provided by the company. The objective of this study is to understand the employees' opinions about the present welfare facilities to understand their level of satisfaction towards the welfare measures. The present study is the descriptive research design and the sampling method adopted was Stratified Random sampling method. A questionnaire was designed and was floated to 50 employees of the computer peripherals manufacturing sector. The data were analyzed using SPSS 2.0 version and the statistical tools used are cross tabulation, AOVA and correlation. The study measured various variables like rewards & recognition of the employees, employee referral policy, performance bonus, spot bonus, medical policy, death relief fund, pantry facilities etc. The findings of the study demonstrate that the maximum numbers of the employees are contented with the welfare facilities provided by the company. Key Words: Employee welfare measures, rewards & recognition, performance policy, spot bonus, employee referral policy. 555

2 . Introduction Employees are the abundant assets for several organizations. Welfare of employees is demarcated as efforts to create life worth incarnate for workmen. It is engrossed in how the welfare measures gratify the employees at the workplace and its relationship to productivity and commitment. If the employee s are productive in their workplace no one can shatter their institute. The companies strive hard to make their employees content and satisfy the employee s to the maximum extent. It is articulated that employee satisfaction towards labor, welfare measures. In their study, they analyzed the various proportions of labor, welfare measures that are administered to the labors. The article highlights the perception and level of satisfaction of the labors regarding the various welfare measures and the methods to improve the welfare measures in Tamil adu Corporation. It is pointed and suggested with alternative to overcome the dissatisfaction level in the particular area 2. In another study it focuses on the employee welfare covers a broad field of corporate sustainability and connects a state of well-being, happiness, satisfaction, conservation and development of human resources. It comprises of observing working conditions, industrial relations and insurance against disease, accidents and unemployment for the workers and their families. Through such generous benefits, the employer makes life worth living for employees that consequently make the business more sustainable in the long run both from the economic and social point of views. Another author discussed about the welfare measures in their article entitled that organization provide welfare facilities to the employees to keep their motivation level high enough and also they stated that employee welfare measure is provided to satisfy the employees and to enrich the quality of life of employees, so that efficiency and effectiveness and productivity can be enhanced to accomplish the organizational goals. The management required to provide good facilities for both permanent and temporary employees in such way that employees become satisfied about employee welfare facilities. It increases productivity as well as quality and quantity. 4 Therefore, there is the necessity of making some provision for improving the welfare facility through that employees will become happy, employees' performance level become increase. They conclude that the employee welfare facilities provided by the company employees are satisfied and it is commendable, but still of scope is there for further improvement. So that efficiency, effectiveness and productivity can be enhanced to accomplish the organizational goals. 5 Few authors expressed that labour welfare is an important factor for industrial relations. Appropriate welfare practices followed in the industries leads to the employee satisfaction which in turns leads to higher productivity and profitability. 6 It is also mentioned that voluntary welfare measures is directly related to the job satisfaction. Employee welfare is an important fact for 556

3 healthier industrial relations as well as to provide comfortable and safe working environment. With the growth of industrialization and mechanization, it has gained added importance. The welfare amenities are extended in addition to normal wages and other economic rewards available to employees as per the legal provisions. The basic purpose of employee welfare is to enrich the life of the employees and keep them happy and contended. 7 Objectives of the Study To study about the various welfare facilities provided by the companies. To study about the employee's level of satisfaction towards the welfare measures provided by the companies. 2. Materials and Methods In this study the design used to be a Descriptive Research Design. The data collected for the study from 20 employees from various Computer Peripherals manufacturing companies. The sampling method adopted for this study is Stratified random sampling. The data collected for the present are both primary and secondary sources are collected.primary data were collected with the help of a structured questionnaire. Questionnaire comprises of 2 sections, Section A has forced choice questions related to the employees demographic variables and Sections B comprises of 5-point Likert s Scale ranging from Highly Satisfied- 5,Satisfied-4, either satisfied nor dissatisfied-, Dissatisfied-2 and Highly Dissatisfied-. Secondary data was collected from company websites, magazines, journals, and other sources. The Statistical software used to analyze the data is SPSS 2.0 version. The tools used are cross tabulation, Correlations and Anova. This study measured various factors like rewards & recognition of the employees, employee referral policy, performance bonus, spot bonus, medical policy, death relief fund, pantry facilities.. Data Analysis and Interpretation I. Rewards and recognition, Spot Bonus, Performance Bonus Plan, Employee referral policy and current experience H : There is significant difference between rewards and recognition, spot bonus plan, Employee referral policy and current experience Rewards and Recognition Spot Bonus Plan Performance Bonus Plan Employee referral policy Between groups Within groups total Between groups Within groups total Between groups Within groups total Between groups Within groups total TABLE-I Sum of Squares Df Mean Square F Sig

4 Result From the above, it is inferred that p value.456>0.05. Hence, the null hypothesis is accepted. Therefore, there is no significant difference between rewards and recognition and current experience. Similarly, in the column p value.028<0.05. Hence, the null hypothesis is rejected. It is understood that, there is a significant difference between spot bonus and current experience. Between performance bonus plan and current experience the p value is.267 which is greater than So, the null hypothesis is accepted. Hence there is no significant difference between performance bonus plan and current experience. In the Employee referral policy, p value is.2>0.05. Hence, null hypothesis is accepted.there is no significant difference between employee referral policy and current experience II. Correlation between Overall welfare(a) and awareness program regarding health(b) and safety measures; Awareness program regarding health(b) and Pantry Facilities( Coffee/tea/Snacks)(c) ; Pantry Facilities ( Coffee /tea /Snacks)(c) and Overall Welfare(a). H 2 : There is a significant relationship between overall welfare facilities(a) and awareness program regarding health and safety measures(b). H : There is a significant relationship between awareness program regarding health and safety measures(b) and pantry Facilities ( Coffee/tea/Snacks)(c) H 4 : There is a significant relationship between pantry Facilities (Coffee/tea/Snacks)(c) and Overall welfare(a). Table II (a ) pearson correlation (b ) pearson correlation (c ) pearson correlation Overall Welfare Facilities (a) ** ** Awareness program regarding health And safety measures(b).558** ** **. Correlation is significant at the 0.0 level (2-tailed). Result Pantry facilities (coffee/tea/ snacks) (c).525** ** From the above table, it is inferred that there is a linear positive correlation between Overall facilities and Awareness program regarding health and safety measures. The correlation coefficient is.558 as well as it is statistically significant as the p-value is less than

5 Awareness program regarding health and safety measures and Pantry facilities(coffee/tea/snacks) are positively correlated, the correlation coefficient is.298 and it is statistically Significant (p<.05) There is a positive correlation between pantry Facilities and Overall Welfare. The Correlation Coefficient is.525 and it is statistically significant(p<0.05). III. Correlation between Performance bonus plan(a) and rewards and recognition.(b) H 5 : There is a significant relationship between performance bonus plan(a) and rewards and recognition.(b) Performance bonus plan(a) Rewards and Recognition(b) ( a) Pearson Correlation ** ( a) Pearson Correlation.246** **. Correlation is significant at the 0.0 level (2-tailed). From the above, correlation table it is inferred that, there is a significant positive relationship between performance bonus plan and rewards and recognition, the correlation coefficient is.246 and it is statistically significant (p<0.05). IV. Mediclaim policy (a) and Death relief fund(b) H 6 : There is a significant relationship between mediclaim policy(a) and death relief fund(b) 20 Table IV Mediclaim Policy(a) ( a ) Pearson Correlation 20 ( b ) Pearson Correlation.26** Death relief fund(b).26** **. Correlation is significant at the 0.05 level (2-tailed). Result There is a positive correlation between Mediclaim policy and death relief fund, the correlation coefficient is.26 and it is statistically significant (p<.05). Cross tabulation V. Gender and Educational Qualification H 7 : There is a significant association between Gender and Educational qualification. 559

6 Pearson Chi-square Likelihood Ratio Linear-by-by Association of Valid Cases Table V Value Df Asymp.Sig (2-sided).470 a a. 4 cells (50.0%) have expected count less than 5. The minimum expected count is.58 Result From the above table, p value is.25>0.05. ull hypothesis is accepted. Therefore, there is no significant association between age and gender VI. Age and Educational qualification H 8 : There is significant association between age and educational qualification Pearson Chi-square Likelihood Ratio Linear-by-by Association of Valid Cases Table VI Value Df Asymp.Sig (2-sided).954 a a. 4 cells (50.0%) have expected count less than 5. The minimum expected count is.2. Result From the above table, p value is.266>0.05. ull hypothesis is accepted. Therefore, there is no significant association between age and educational qualification. 4. Discussions In this study it broadly discusses about the welfare measures in the welfare measures provided to the employees of Computer Peripherals Manufacturing Companies in Southern Chennai. The study shows is no significant relationship between the rewards and recognition of the current experience, the study hence proved that the employees are happy with the rewards and recognition and they are not based on the experience of the employees. Most of the employees are satisfied with the recreational facilities, safety equipment s, pantry facilities provided by the company.some of the respondents are highly satisfied with the mediclaim policy, drinking water and working environment, so the company is required to maintain the same level. Only few of the respondents are neither satisfied nor dissatisfied. So the company is required to take some initiative decisions. The companies in the manufacturing computer peripherals can improve their quality in providing the welfare measures and can improve little 5540

7 more their recreational facilities and by capitalizing some slice of profit to establish the necessities to enchant the employees and concentrate on stress reduction exercises. The companies can concentrate in improving transportation facilities and by engaging in professional cooks for cooking and to enhance the canteen facilities. 5. Conclusion For any organizations welfare measures plays a significant role compare to other factors, these measures provides the workers self- interest and motivation decreases and their dedication to the work may decline. Labour welfare measures is` an important factor when compared to the other factors in the organization. When these measures are not provided to the fullest extent, the workers self-interest and motivation decreases and their dedication to the work may declines 8.Welfare Measures covers an ample field and it connects a state of wellbeing, happiness, satisfaction, protection and enlargement of human resources. The fundamental propose of employee welfare is to enrich the life of employees and to remain them joyful which helps towards the development of organization. If Organization provides good facilities to employees, that will automatically leads to increase in productivity as well as quality of work. Welfare facilities provided by the Computer peripheral manufacturing companies are satisfied and it is commendable, but it is considered that still there is further improvement, so that efficiency, effectiveness and productivity can be enhanced to accomplish the organizational goals. References [] Priyanka R. Kedare, Shraddha P.,Fulfagar (207), A Study Of Employee Welfare Practices Working At Tire Manufacturing Industry, International Journal of Innovative Research and Advanced Studies, ISS: ,Volumeo: 4, Issue o:, Pp:74-8 [2] Dhivya T.R, Vijayaraj R(206), A Study On Employees Satisfaction Towards LabourWelfare Measures In Tamil adu State Transport Corporation Limited, Kumbakonam, International Journal of Business Intelligence,ISS: ,Volume o:,issue o:,pp:-7 [] Mansura usrat, Mohammad Solaiman (206), A Study of Employee Welfare Leading to Corporate Sustainability in Garments Industries of Bangladesh, Asian Business Review, ISS :204-26,Volume o:6,issue o:, Pp: 7-4. [4] Princitta R, AmirthaGowri P (205), A Study On Employee Welfare Measures At Engineering Colleges In Anna University, Tirunelveli Region, International Journal of Research in commerce,it& Management, ISS : ,Volume o: 5, Issue o :2,Pp:

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