Labour Welfare Facilities
-
Upload
afsal-parakkal -
Category
Documents
-
view
214 -
download
0
Transcript of Labour Welfare Facilities
-
7/29/2019 Labour Welfare Facilities
1/9
LABOUR WELFARE FACILITIES
The company provides a lot of non-monitory benefits to
their employees. Some of them are as
follows:1 . T r a n s p o r t a t i o n Transportation is provided to the employees todifferent destination points @ a subsidized rate.2 . C a n t e e n f a c i l i t i e s All the
employees are given free food at Eastern
-
7/29/2019 Labour Welfare Facilities
2/9
-
7/29/2019 Labour Welfare Facilities
3/9
383.P ers ona l Pro tec tive Equ ipme nts .Personal protective equipments like
head wears; aprons anduniforms are provided to the
worker.4. M e d i c a l I n s u r a n c e . The employees are provided with medi-claimpolicy, which gives freemedical insurance to the employee and his/her
family.5 . P e n s i o n S c h e m e . The scheme has been formulated for thoseemployees who have retiredfrom their job.6. An nual Medi cal Ch eck-
up .The employees are provided with free annual medicalcheck-up7 . T o u r sa n d P i c n i c s . Tours and Picnics are conducting once in a year which
increasesthe motivation and initiatives of the employees.PAYROLL PROCESSINGIn eastern, payroll processing is done by the process of bookRecordingGRIEVANCES REDRESSAL
Generally, grievances mean any factors involving wages, hours of work orcondition of work environment. In Eastern, all work as a family andall workersare free to make know his superior, if he has any grievance
OBJECTIVES OF FINANCIAL DEPARTMENTFinancial statement are prepared by the firm. The generally accepted principle and
procedure are followed to prepare these statements. The basic objectiveoffinancial statement is to assist decision making.1)To provide reliable financial
information about economic resourcesand obligation of a businessenterprises.2)To provide financial information that assist in estimating
theearning potential of the enterprise.3)To provide other needed informationabout change in economicresources and obligation.4)To disclosed to the
extent possible other information relat ion to the financial statement that isrelevant to statement users.FUNCTIONS OF FINANCE DEPARTMENT
-
7/29/2019 Labour Welfare Facilities
4/9
-
7/29/2019 Labour Welfare Facilities
5/9
461. To create budget among financial year.2. To record day to day financial transacti
on.3. Keep and maintain financial recorded.4. Tax payment and pay of cashfor other purpose
56which is included raw materials, machine pa rts, and new
machines.Thepurchases ys t e m s t a r t s f r o m t h e i n t e nd i n t h e p r e s c r i b e d f o r ma t
g i v e n b y t h e re s p e c t i v e department according to their requirement. As
per ISO the supplier of raw materialsshould be an authorised supplier.
The manage ment commit te in the manag ement review meetings givesthe authorization. Purchse Department should be responsiblet h e t i me l y
s u p p l y o f a l l i t e m s r e q u i r e d i n t h e f a c t o r y . I t s h o u l d a l l s ofind newsupplires, raw materials, market, comparative study of price and
quality and presentmarketing scenario.Purch as e means proc ur emen t of
var ious raw ma ter ial s requ ired for production. Performance of
manufacturing firm always depends on the efficieancydepartment. Thevarious raw materials need for production are purchased b y
th is department. The materials are purchased at right time at the rightquality from theright suppliers. It results in materials are produced as per
the request of the inventorycontrol selection.The main pu rcha se of fi ce isat Ernakulam. Row material purchase fromGundar (Chilly, Coriander)
Adimaly (spices), Theny(vegitable and other items).PURCHASE PROCESSMarketing department will give a statement of required materialtoProduction Planning and Control. Production Planning an d
Control will design amaterial requirement plan they will make awe ek ly in dent fo r pu rchase . It wi ll be given to purchase department
purchase. Department will invite quotation for the abovematerial.Purchase is basedon the predetermined standards specification will given tosuppliers. Before
purchase sample will be received from supplires and it will be testedin the caseof approved suppliers direct purchase is accepted. In the case of
new
-
7/29/2019 Labour Welfare Facilities
6/9
-
7/29/2019 Labour Welfare Facilities
7/9
57suppliers two trial purchase is done to text their performance, company is
maintainingapproved list of suppliers payment is made with a month through
bank.Purchase of machining a vehicle and its spare parts are done fromAdimalyitself. Majour purchase is done
through brokers spices are purchased from localmarket purchasedepartment is always advised to keep some add itional stock
for emergency stock is kept in Theny ware house.STRUCTURE OF PURCHASE DEPARTMENT
AGMPurchaseAssistantManagerSr.OfficersOfficers
-
7/29/2019 Labour Welfare Facilities
8/9
-
7/29/2019 Labour Welfare Facilities
9/9
58The purchase department come under AGM Purchase followed byAssistantmanager, Sr officers and officers