Published on: Mar 3, 2016
Transcripts - Nagasri ppt
INTRODUCTION The objective of Human Resources is to maximize thereturn on investment from the organizations humancapital."Human resource management aims to improve theproductive contribution of individuals while simultaneouslyattempting to attain other societal and individual employeeobjectives." Schwind, Das & Wagar (2005). In reality, humanresources deals with two different worlds Human resourceshas at least two meanings depending on context. The originalusage derives from political economy andeconomics, where it was traditionally called labor, one ofthree factors of production. The more common usage withincorporations and businesses refers to the individuals withinthe firm, and to the portion of the firms organization thatdeals with hiring, firing, training, and other personnel issues.This article addresses both definitions.
NEED FOR THE STUDY Welfare measures have gained importance in anorganization and become a social responsibility to theorganization. Because of liberalization and free tradeunder WTO (World Trade Organization), the mereexistence of an organization is at stake because of seercompetition.The study was also required because implementation ofwelfare measures in India has become nominal. One ofthe motivating factors for the study of employeewelfare measures is not only of the employees but alsotheir families are being benefited by these welfaremeasures
OBJECTIVES OF THE STUDY To study the concept of labor welfare and identify variousstatutory and non-statutory welfare measures. To portray the profile of cement industry with a special focus onAndhra Cements Ltd. To identify the various welfare measures, provided by AndhraCements Ltd to its employees. To elicit the perception of respondents on the existing welfaremeasures, provided by the company. To offer useful suggestions and to bring out improvement inthe existing welfare measures, of the organization.
RESEARCH METHODOLOGY The methodology discusses about the methods that have been employed for data collection (both primary and secondary) and also justifies the method followed. It then specifies the sample size and type and gives thee justifications.Data Collection: The study was carried out by collecting and analyzing the data collected from two sources, namely, Primary Primary data was collected by discussions and interactions with the managers and the employees of Andhra Cements Ltd. A well structured questionnaire was prepared and administered on a sample of 135, containing executives (35), non-executives (75), and unskilled labour (25). The data collected is analyzed to know the perception of the employees towards the welfare measures at ACL. Secondary Secondary data was collected from the company records, annual releases, data provided by the management and internet regarding the company profile and industrial profile.
LIMITATIONSThe opinions, observations, and conclusions expressed here arecollected by survey and literature provided by Andhra Cements Ltd.The following are the few constraints faced during the study. Since the study was an organizational matter, some of theresponses could have been biases, as the respondent could have feltreluctant to give the right answers. Since the sample was small when compared to theuniverse, the findings might not be applicable to the total universe.Efforts have been made to make the sample representative to theextent possible. Since scientific methods are not utilized in the analysis, it couldcontain the view of the researcher, which need not always true.