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INTRODUCTION
Those organizations those are able to achieve their goals because the
organizations either big or small are providing the welfare measures to the
employees. Welfare refers to a condition of living of an individual or group in a
desirable and happy state of relationships with whom economical and social,
ecological welfare means environment friendly existence, ecological balance
pollution existence and proper sanitation. The term welfare as it suggest the ideas,
meanings and conditions such as the state of well-being, health, happiness,
prosperity, and the development of human resource. The concept welfare can be
approached from various angles; welfare has been described as a total in order to
establish the manpower their work and achievement of the organizational
objectives.
Bharat Heavy Plate & Vessels Ltd., started off in 1966 as fully owned
government company for Design, Manufacture & Supply of capital equipment
required for process industries in the core sector such as Fertilizers, oil refineries &
Petrochemicals etc. Manufacturers of Columns, Pressure, Vessels, High Pressure
Heat Exchangers, Air and Gas Separation Plants, Evaporation Plants, Boilers,
Fried Heaters, Reformers, Feed Heating Systems, Complete Systems, Digester and
Sophisticated Process Equipment with Computer Aided Designs (CAD).
Due to various factors, there were heavy losses and the company was
declared sick by the Board for Industrial and Financial Reconstruction (BIFR) in
October, 2005. Later, with the Board for Industrial and Financial Reconstruction's
(BIFR) sanction of the Modified Draft Rehabilitation Scheme envisaging merger
of Bharat Heavy Plate and Vessels Limited (BHEL-HP&VP) with the Maharatna
Company Bharat Heavy Electricals Limited (BHEL), BHEL-HP&VP has become
the 17th manufacturing unit of BHEL. Bharat Heavy Electricals Limited (BHEL)
took over BHEL-HP&VP as its 100 percent subsidiary in 2008. However, the
Company’s performance was not up to the mark, as it remained a separate
company and it could not derive full benefits of synergy with BHEL.
The unit thereafter named as Heavy Plates and Vessels Plant (HPVP),
Vishakhapatnam. The Appointed date for the merger is 1st October 2011. Till now,
BHEL-HP&VP was a wholly owned subsidiary of BHEL. After the Union
cabinet's approval in February 2013, the merger scheme was filed with BIFR in
March 2013 and the entire merger exercise was completed in a record time of 5
months thereafter.
The provisions of social security benefits are a kind of investment that offers
good dividends in long run. The organizations need to provide various security
benefits such as medical care, mortality benefits, pension etc., as specified by law.
The company having realized the importance of welfare and social security
measures introduced several welfare schemes for its workers and the families. The
company provides statutory welfare facilities like drinking water, conservancy,
medical appliances, canteen, rest shelters, crèches etc. it also provides various non
statutory welfare facilities such as medical, education, recreation, housing/quarters,
consumer cooperative stores, consumer co-operative credit society etc. it provides
social security measures like provident fund, gratuity, pension, dependent
employment etc.
The present study is an attempt to make an enquiry into the various facets of
employee welfare and social security measures in Bharat Heavy Plate &Vessels
Limited, Visakhapatnam, Andhra Pradesh. The scope of the present study is both
wide and narrow. It is wide because it covers almost all the components of welfare
and social security measures.
Organizations should develop sound policies in regard to human side of
enterprise. Such policies are not only a statement of management intentions and
indicate the basic organizational approach towards human factor, but also provide
the much needed frame work to guide actions of functionaries in taking important
decisions on employee welfare and welfare and social security measures.
Organizations should develop sound policies in regard to human side of
enterprise. Such policies are not only a statement of management intentions and
indicate the basic organizational approach towards human factor, but also provide
the much needed frame work to guide actions of all functionaries in taking
important decisions on employee welfare and social security measures.
RESEARCH METHODOLOGY:
Primary data:
The primary data (samples) consist of original information that is to be
collected from the employees of the organization (BHEL). It is collected for
through administering the questionnaire by direct contact and also through direct
observation to obtain the insights of the information.
Questions will be framed in such a way that the answers reflect the ideas and
thoughts of the respondents with regard to level of satisfactions. For job related
factors “Likert Scale” (five rating scale) is to be used in which respondents are
required to show their level of satisfaction from 1 to 5 where (A= Excellent,
2=very Good, 3= Good, 4= Average, 5= Poor). Some facts that may be revealed in
the study will be based on personal observations also. For personal observations
simple category is used and respondents are required to tick the appropriate box.
Secondary Source:
The secondary data consist of information that already exists and which has
been collected by some persons, at some other time for the purpose. The secondary
data is mostly collected from books, Journals, reports, internet Sources.
Sampling technique:
Stratified random sampling is a technique which attempts to restrict the
possible samples to those which are not extreme by ensuring that all the parts of
the population are represented in the sample in order to increase the efficiency. To
get the information from stratified sampling method primary and secondary data is
been used.
Analysis of data:
The data thus collected through various sources was interpreted and
analyzed. The data collected through questionnaires were tabulated and then
analyzed by using statistical method such as Simple Percentile Method.
Tabulation:
Tabulation is the last stage in the compilation of data and forms the basis for
its statistical treatment from answers to questions with which the investigator is
concerned.
Note:- Research Methodology is discussed in future chapters.
FINDINGS:
2. I was found that the employees satisfied with the canteen facilities provided
by the company.
4. The employees felt that drinking water facilities provided by the company is
good.
6. I was found that first aid box not kept in all departments.
12.I was found that majority if the employees using transport facilities.
17.It is found that half of employees accepted VRS remaining not accepted
VRS.
SUGGESTIONS:
1. The BHEL-HP&VP has got good canteen facilities, but the quality needs
some improvements.
4. Safety provisions are maintained neatly and the company should keep it
up.
FUTURE DIRECTIONS:
CONCLUSION:
From the project work I could understand that the employees of the
BHARATH HEAVY PLATE & VESSELS LTD has positive view towards
welfare activities and management of BHEL-HP&VP and have negative aspects
towards the welfare activities due to mismanagement rivalries between trade union
and management and financial crises. The management of BHEL-HP&VP does not
want to implement any new effective welfare activities. But the employees of
BHEL-HP&VP are in adding positive measures in the development of the
organization and also for the better meet of Employee Welfare activities.