A

SYNOBSIS REPORT ON

“Provisions for Labour Welfare under

Factories act, 1948”
AT

“JALGAON JILHA SAHAKARI DUDH UTPADAK SANGH

MARYADIT, JALGAON”

SUBMITTED TO

SCHOOL OF COMMERCE AND MANAGEMENT

YASAWANTRAO CHAVAN MAHARASHTRA OPEN UNIVERSITY, NASIK

AS PARTIAL FULFILLMENT FOR THE AWARD OF

MASTER OF BUSINESS ADMINISTRATION ( MBA )

SUBMITTED BY

NITIN SALUNKHE
(BATCH -2018-19)
PRN.NO. :- 2009017001497814

UNDER THE GUIDENCE OF

PROF. MR. VINOD MAHAJAN

  INTRODUCTION :-

Employee Welfare is an important facet of industrial relations, the extra dimension,

giving satisfaction to the worker in a way which evens a good wage cannot. With the growth
of industrialization and mechanization, it has acquired added importance. The workers in
industry cannot cope with the pace of modern life with minimum sustenance amenities. He
needs an added stimulus to keep body and soul together. Employers have also realized the
importance of their role in providing these extra amenities. And yet, they are not always able
to fulfill workers demands however reasonable they might be. They are primarily concerned
with the viability of the enterprise. Employee welfare, though it has been proved to contribute
to efficiency in production, is expensive. Each employer depending on his priorities gives
varying degrees of importance to labour welfare. It is because the government is not sure that
all employers are progressive minded and will provide basic welfare measures that it
introduces statutory legislation from time to time to bring about some measures of uniformity
in the basic amenities available to industrial workers. After employees have been hired,
trained and remunerated, they need to be retained and maintained to serve the organization
better. Welfare facilities are designed to take care of the wellbeing of the employees, they do
not generally result in any monetary benefit to the employees. Nor are these facilities
provided by employers alone. Governmental and non-governmental agencies and trade
unions too, contribute towards employee welfare. Employee welfare is a comprehensive term
including various services, benefits and facilities offered to employees by the employer.
Through such generous fringe benefits the employer makes the life worth living for
employees. The welfare amenities are extended in addition to normal wages and other
economic rewards available to employees as per the legal provisions. Welfare measures may
also be provided by the government, trade unions and nongovernment agencies in addition to
the employer. The basic purpose of employee welfare isto enriches the life of the employees
and keeps them happy and contended.
  IMPORTANCE AND SIGNIFICANCE OF THE STUDY :-

The present study has been undertaken to study find out effectiveness of Labour welfare in
Vikas Dudh Federation.
Through the study, company would be able to know the satisfaction level of employee on
welfare measures. Rapid industrialization and urbanization have made employees dependent
on capitalists. Inflation has made their lot poor and they find it difficult to maintain their
standard of life. In such situation employee welfare facilities enable workers to live a richer
and more satisfactory. Employee welfare defines as “efforts to make life worth living for
workmen”. These efforts have their origin either in some statute formed by the state or in
some local custom or in collective agreement or in the employer’s own initiative. 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.
 OBJECTIVE OF THE STUDY :-

1. To study the existing welfare facilities provided to the employees at

Vikas Dudh federation, Jalgaon.

2. To know the employees opinion about the present welfare facilities at

Vikas Dudh federation, Jalgaon.

3. To study the satisfaction of workers towards the present welfare facilitates.

4. To know the effectiveness of welfare measures.

  HYPOTHESES :-

1. Selecting the research area. You are expected to state that you have selected the
research area due to professional and personal interests in the area and this statement must be
true.
2. Formulating research aim, objectives and research questions or developing
hypotheses. The choice between the formulation of research questions and the development
of hypotheses depends on your research approach as it is discussed further below in more
details. Appropriate research aims and objectives or hypotheses usually result from several
attempts and revisions and these need to be mentioned in Methodology chapter. It is critically
important to get your research questions or hypotheses confirmed by your supervisor before
moving forward with the work.
3. Conducting the literature review. It can be mentioned that the literature has proved to
be the longest stage in the research process and that you have utilized a wide range of
secondary data sources such as books, newspapers, magazines, journals, online articles etc.
  RESEARCH & METHODOLOGY :-

Research comprises “creative work undertaken on a systematic basis in order to increase

the stock of knowledge, including knowledge of man, culture and society, and the use of this
stock of knowledge to devise new applications.
Scientific research is a systematic way of gathering data, a harnessing of curiosity. This
research provides scientific information and theories for the explanation of the nature and the
properties of the world. It makes practical applications possible. Scientific research is funded
by public authorities, by charitable organizations and by private groups, including many
companies. Scientific research can be subdivided into different classifications according to
their academic and application disciplines. Scientific research is a widely used criterion for
judging the standing of an academic institution, such as business schools, but some argue that
such is an inaccurate assessment of the institution, because the quality of research does not
tell about the quality of teaching (these do not necessarily correlate totally).
A broad definition of research is given by Martyn Shuttle worth – “In the broadest
sense of the word, the definition of research includes any gathering of data, information and
facts for the advancement of knowledge.”

A. Primary Data :-
Primary data was obtained through observation & direct communication with employees
though information interviews. The information on the basis of structured questionnaire. The
questions asked among employees & feedback was taken from them. The research work has
been carried with the help of the following data.
1) Questionnaire and
2) Direct interview with industry personnel

B. Secondary Data :-
Secondary data has been collected from the different research work, books, newspaper,
different website, from different college placement department, company journals.
1) From different department. Online material of the company website
  Sampling and sample size :-

Research type Exploratory

Sample type Multiple stratified sampling

Universe 500
Sample size 100

Data Tools
Primary Data 1) Questionnaires
2) Direct interview with the
employees
Secondary Data 1) From different department.
2) Online material of the company
website.