INTRODUCTION

Steel industry is of great importance among the basic and key industries in India. It is a core sector essential for the economic and social development of the country and crucial for its defence. India has been very well familiar with the process of melting and moulding iron since times immemorial. About 300 B.C Ashoka Pillar (made of steel) in India is a proof of it. Consumption of iron and steel is an Index of industrial development of a country. Production of iron and steel in India constitutes 1.5% of world and 6.7% of Asia production. India was the fifth largest producer of steel in the world in 2007. China is the largest producer of steel in the world.

Development of Iron and Steel Industry:- History of steel begins in India in 1907 with the setting up of Tata Iron and steel works at sakchi (now called Jamshedpur) in Bihar by Sh. Jamshedjee Tata. It started producing big iron in 1911 and steel in 1913. In 1973 government established steel authority of India Ltd (SAIL) for the development of iron and steel industry and for entrusting the ownership of public sector units in it. Authorized capital of SAIL is Rs. 5000 crore. A national steel institute has been established at puri to cater to the needs of training, service,

consultancy and research & development of the steel producing belt of southern and eastern regions. Five years ago, global steel prices were low and world was saddled with huge steel capacity but after 2002, huge losses were suffered by steel companies with low industry confidences and closure of mills. As a result, most steel companies were pre-occupied with working out management and strategic changes for mergers and acquisition and spent precious time lobbying with their respective governments for protection. National governments both in developed and developing nations expectedly turned sympathetic to the industry and in many cases got carried away by protectionist measures. At the national level, measures adopted by respective governments worked well to save the relatively inefficient units from death. However protective measures were not seen as a long term resolution to the problem. The industry was plagued with more then 200 million tones of excessive capacity and no widely acceptable solution to whittle this down was visible. Optimists believe that consumption is expected to grow at 5% in next 3 years and there will be 3.5% growth in the capacities. In addition there are likely to be delays in projects so balance is to be maintained.

Two types of Steel Plants:-

1. Integrated Steel Plants:-

Large steel plants are including in it. These plants produce soft steel in large quantity. Presently there are nine steel plant working in the public sector namely (i) Bhilai, (ii) Durgapur, (iii) Rourkela, (iv) Bokaro, (v) IISCO (Barnpur), (vi) Alloy steel Plant, (vii) Salem Steel Plant, (viii) Produces strain less Steel, (ix) Vishveswarya Steel Plant Mysore, (x) Vishakhapatnam Steel plant. Main private sector large steel plants TISCO (Tata Iron Steel Company) Jindal Steel and power Ltd, Vardhman Steel Industry

2. Mini Steel Plats:Plants producing steel by electric furnaces are called mini steel plant. Steel is manufactured out of scrap and sponge iron. These are 1196 mini steel plants in India. They account 30% steel in country.

VARDHMAN STEEL

VARDHMAN STEEL

The Vardhman is located in the fertile Malwa region of central Punjab is otherwise known as the Manchester of India. Within the precincts of this city is located the corporate headquarters of the Vardhman Group, a Household name in Northern India. The name Vardhman represents: Driving force i.e. quality Vision i.e. innovation Commitment i.e. customer satisfaction Aspiration i.e. to give best to its customers.

The Vardhman Group, born in 1965, under the entrepreneurship of Late Lala Rattan Chand Oswal has today blossomed into one of the largest Business houses in India. It is the enterprise that is singularly focused on its objective of overcoming all barriers to achieve excellence. At its inception, Vardhman had an installed capacity of 14,000 spindles, today; its capacity has increased multifold to over 5.5 lacs spindles. In 1982 the Group entered twhich was a forward integration of

the business. Today Vardhman threads is the second largest producer of sewing thread in India

RATIONALE OF THE TOPIC CHOSEN

1. This study is conducted to know Health, safety and welfare

measures
2. Employee is an asset of the company. So the study may be helpful to

know the welfare policies and working condition for the employees.
3. To know the extent of application of Health, safety and welfare

measures of company to the workers

OBJECTIVES OF THE STUDY

Human resource issues are like double-edged sword, as these issues can represent an opportunity for improvement or a chance to gain competitive advantage and in the negative sense, they also represent problems and shortcomings that must be resolved.

As HR challenges have emerged in the Industrial set-up. The present study will focus on the following objectives:-

To review the existing empirical studies on labour-health, welfare

and safety.

To study the level of awareness of workers regarding statutory and

non-statutory measures.

To study level of satisfaction of workers with regards to

implementation of these measure.

To discover means of strengthening preset working conditions.

To suggest suitable measure for improvement in existing measure.

To provide input to HR department for reviewing and restricting the

firm HR polices.

RESEARCH METHODOLOGY

Research is a multipurpose tool which is used to solve variety of organizational problem. Infact it is useful for everyone who is concerned with personnel problem-labour, management. The general public, government agencies and consumers. Research is immensely valuable in developing more efficient personnel practices. Surveys and analysis of the statistics of companys internal functioning are so vital to the effective operation of an enterprise that they are conducted almost as a matter of course. Research moreover, provides the most efficient relationships which otherwise might never have been observed or verified or which sometimes are discovered after decades. More specifically this study is related to health, welfare and safety aspect of personnel management.

SOURCES OF DATA

Sources of data means from which sources or means the data will be collected for the study. There are Two ways to collect data.

 PRIMARY DATA: - Primary Data is that data which is collected

directly from the companies e.g.;-collect data from Company Managers.

SECONDARY DATA: - Secondary Data is that data which is

collected from third party like Newspaper, Magazines etc. In this study we will use primary and secondary both. The formulation of research design is the third step of the research process. At this stage the information needed to address the research problem has been identified and the nature of the research design (exploratory, descriptive or causal) has been determined. Probably a sample of 100 workers will be collected regarding working conditions and safety policies.

SAMPLING METHOD

A sampling is a define plan for obtaining a sample from a given population. Sampling Methods are of two types:-

1.) Probability or Random Sampling Design 2.) Non Probability Sampling Design

1.) Probability Sampling design are the method of selecting sample in which each unit of the population has some definite probability of being selected in the sample, e.g. cluster systematic as well as random sampling etc. 2.) Non Probability Sampling Design or methods are the selection of sampling units depends entirely on the discretion or judgment of the investigators.

SAMPLING TECHINIQUE-: In this study we use probability

sample techniques which include clusters, systematic as well as random sampling techniques as per requirement of the study.

SAMPLING SIZE-: 100

POPULATION SIZE-: Approximate 344 workers.

EXPECTED CONTRIBUTION FROM STUDY

The study may brought some important findings relating to the factory act applicable in the said company and on the basis of findings of the study, suggestions may be made to improve the existing work culture & facilities provided to the workers. The study may contribute to provide the suitable measures for improvement in existing conditions and to achieve the level of satisfaction of the workers.

LIMITATIONS OF THE STUDY

1) Due to lack of time & sources results may not be overall

applicable.

2) Results may be biased due to small sample sized.

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3) Due to lack of time, it may be possible that the answers provided by

the workers are not correct ones. Level of satisfaction may vary worker to worker

4) There may be subjectivity in the information provided by the

respondent.

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