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A STUDYON

EMPLOYEE WELFARE MEASURES

With reference toVISHAKHAPATNAM STEEL PLANT

RINL

submitted BY

SAMUEL PAUL(REGISTER.NO:110250402083)

Under the guidance of

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PROFILE OF RINL

(VISAKHA STEEL PLANT)

To meet the growing domestic needs of steel, Govt. of Indiadecided to set up an integrated steel plant at Visakhapatnam.An agreement was signed with erstwhile USSR in 1979 forcooperation in setting up 3.4 Mt integrated steel plant at

Visakhapatnam. The foundation stone for the plant was laid bythe then prime minister on 20th January 1971.

The project was estimated to cost Rs. 8397.28 Based on process

as on 4th quarter of 1981. However, on completion ofconstruction and commissioning of the whole plant in 1992, thecost escalated to around Rs.8,500 Cr. unlike other integratedsteel plant in India, Visakhapatnam steel plant (VSP) is one ofthe most modern steel plant in the country. The plant wasdedicated to the nation on 1st August 1992 by the then prime

minister, shri PV Narsimharao.

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Introduction

The oxford dictionary defines "Labour welfare as efforts to makelife worth living for workmen".

Employee Welfare Measures is very important to any industry tosurvive the company, and to growth & development of thecompany. Industrial relations depending on employees welfarein any organization.

A worker need to be satisfied regards his culture and livingenvironment.

Hence the imperative needs to provide a welfare services tosatisfy his personal and family needs is felt.

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STATUTORYWELFAREMEASURES

NON STATUTORYWELFAREMEASURES Factories Act, 1948.

Mines Act, 1952

Workmen'sCompensation Act 1923.

Maternity benefits Act,1961.

Employee's State

Medical Facilities to

Employees and theirspouses.

Educational facilities.

Scholarship to the

meritorious children ofemployees of VSP.

Housing facilities.(Provided Quarters to

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OBJECTIVES OF THE

STUDY

1. To

understand

various

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METHODOLOGY:PRIMARY SOURCES

The primary source of data is applied forgetting the required and relevant informationdirectly form the department heads and in the

course of discussion with Executives. Thefollowing are the data collected through primarysources.

Type of welfare measures provides under

Visakhapatnam steel plant/RINL.

About the course covered through discussionwith the employee and throughquestionnaires.

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FRAMEWORK OF THE

STUDY

v Chapter 1 consists of Nature& scope of

study, objectives of study, research design,limitation of study, methodology.

v Chapter 2 dealswith organization profile,company introduction, company vision andmission, functional department.

v Chapter 3 consists of theoretical frame work

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Analysis

Response s as arrived at for all subjectsalmost everyone has agreed that it is theresponsibility of management to take care the

welfare of employees

More than 29% of the subject have notagreed to the statement that it will be difficult

to entered all welfare measure.Around 27% of the subject could not response

in any manner weather VSP is entering morebenefits than the stationary requirements

more than 62%of the subject felt that non-

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FINDINGS:

Out of above analysis studied out of thefollowing are the findings.

1.Majority of the employees have a clear viewover the concept of welfare.

2.The employees are able to differentiate thestatutory welfare and non-statutory measures.

3.Many of the employees have a clear view withrespect to the impact of welfare measures over

the production and productivity.

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INFERENCES

As per analysis of data and interpretation thefollowing inferences can be had.

1.Management of VSP had be extendingsatisfactory welfare measures to bothemployees and contract labor.

2.Management with an open mind has beenconsidering the different measures and also

taking view of the representative of employeein this re ard.

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VSP Personnel Manual

VSP Welfare Documents

TEXT BOOKS

Personnel Management by Arun Monappa, Tata McGraw-HILL.

Dynamics of Industrial Relations in India, Dr. C B

Memoria, Himalaya Publication.

JOURNALS

Iron & Steel Technology, Association for Iron & SteelTechnology

BIBLIOGRAPHY

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