Project of employee amenities welfare

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    INTRODUCTIONHuman Resource Management (HRM) is the function within an organization that

    focuses on recruitment of, management of, and providing direction for the people

    who work in the organization. HRM can also be performed by line managers.

    HRM is the organizational function that deals with issues related to people such as

    compensation, hiring, performance management, organization development,

    safety, wellness, benefits, employee motivation, communication, administration,

    and training.

    HRM is also a strategic and comprehensive approach to managing people and the

    workplace culture and environment. Effective HRM enables employees to

    contribute effectively and productively to the overall company direction and the

    accomplishment of the organization's goals and objectives.

    The number one glossary suggestion and question that people request is: What is

    the definition of human resources? William R. Tracey, in The Human Resources

    Glossary defines Human Resources as: The people that staff and operate an

    organization as contrasted with the financial and material resources of an

    organization. The organizational function that deals with the people ... Long a

    term used sarcastically by individuals in the line organization, because it relegates

    humans to the same category as financial and material resources, human resources

    will be replaced by more customer-friendly terms in the future.

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    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 fulfil

    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 progressiveminded 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,

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    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 non-

    government agencies in addition to the employer. The basic purpose of employee

    welfare is to enrich the life of the employees and keep them happy and contended.

    The labour Investigation Committee preferred to include under Labour Welfare:

    Anything done for the intellectual, physical, moral and economic betterment of

    the workers, employers, by government or by other agencies over and about what

    is laid down by law or what is normally expected of the contractual benefits for

    which workers may have bargained.

    According to the committee and labour welfare services should me:

    Such services, facilities, and amenities as adequate canteen, rest and recreation

    facilities, sanitary and medical facilities, arrangements for travel to and from place

    of work, and for the accommodation of workers employed at a distance from the

    homes; and such other services, amities and facilities, including social security

    measures, as contribute to the conditions under which workers are employed

    The ILO report refers to labour welfare as:

    Such services, facilities, and amenities as may be established in or in the vicinity

    of under takings to enable the persons employed in them to perform their work in

    health, congenial surroundings and provided with amenities conductive to good

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    health and high morale.

    The encyclopedia of social sciences has defined labour welfare work as:

    The voluntary efforts of the employers to established, with in the exiting industrial

    system, working and some times, living and cultural condition of the employees

    beyond what is required by law, the custom of the country and the conditions of

    the market

    IMPORTANCE:

    Industrial progress of a country depends on its committed labour force. In this

    regard the importance of labour welfare was recognized as early as 1931, when the

    royal commission on labour started that the benefits, which go under this

    nomenclature, are of great importance to the worker who is unable to secure byhimself. The schemes of labour welfare may be regarded as a wise investment

    which should and usually does bring profitable return in the form of greater

    efficiency. 20 years later, the planning commission realized the importance of

    labour welfare, when it observed in order to get the best out of a worker in the

    matter of production, working conditions require to be improved to a large extent.

    The workers should at least have the means and facilities to keep him in a state of

    health and efficiency. This is primarily a question of adequate nutrition and

    suitable housing conditions.

    The working condition should be such as to safeguard his health and protect him

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    against occupational hazards. The work place should provide reasonable amenities

    for his essential needs. The worker should also be equipped with the necessary

    technical training and a certain level of general education.

    BASIC FEATURES OF LABOUR WELFARE:

    On the basis of the various definitions, the basic charters tics of labour welfare

    work may be noted thus:

    a) It is the work, which is usually undertaken with in the premises or in the vicinity

    of the undertakings for the benefits employees and the members of their families.

    b) The work generally includes those items of welfare which are over and above what

    is provided by statutory provisions are required by the custom of the industry or

    the employees expect as a results of a contract of services from the employers.

    c) The purpose of providing welfare amenities is to bring about the development ofthe whole personality of the worker-his social, psychological, economic, moral,

    and cultural and intelectuaval development to make him a good worker, a good

    citizen and a good member of the family.

    d) These facilities may be provided voluntarily by progressive and enlightened

    entrepreneurs at their own accord out of their realization of social responsibility

    towards labour statutory provisions may compel them to make these facilities

    available: or these may be under taken by the government or trade unions, if they

    have the necessary funds for the purpose.

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    e) Labour welfare is a very broad term, covering social securities and such other

    activities as medical aid, crches, canteens, recreations, housing, adult education,

    arrangements for the transports of labour to and from the work place.

    f) It may be noted that not only intra mural but also extra mural, statutory as well as

    non-statutory activities, undertaken by any of the three agencies- the employers,

    trade unions or the government- for the physical and mental development of

    worker, both as a compensation for wear and tear the undergoes as part of the

    production process and also to enable him to sustain and improve upon the basic

    capacity of contribution on the processes of production, which are all the species

    of the longer family encompassed by the term Labour Welfare

    NEED FOR LABOUR WELFARE:

    The need for the labour welfare arises from the very nature of the industrial

    system, which is characterizedby two basic factors ;one, the conditions under

    which work is carried on are not congenial for health; and second, when a labourer

    joins an industry, he has to work on an entirely strange atmosphere, which create

    problems of adjustement. One author calls these two factors the long arm of the

    job, and the social invasion of the factory.

    The working environment in a factory /mine adversely affects the workers health

    because of the excessive heat or cold, noise, odours, fumes, dust and lack of

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    sanitation and pure air etc., lead to occupational hazards. These have, therefore, to

    be held in check by providing ameliorative services, protective devices and

    compensatory benefits following of accident or injury or disablement. This has

    been referred to as the long arm of the job which stretches out its adverse effects

    on to the worker long after his normal 8-hour work. Hence the need for provision

    of welfare services within the premises of the factory, mine or plantation arises.

    There is a social reason also as pointed out by the labour Investigation

    Committee, the provision of the canteens improves the physique, entertainment

    reduce the incidence of vices; medical aid and maternity and child welfare services

    improve the health of the workers and bring down the rates of general, maternal

    and infantile morality; And educationalfacilities increase their mental efficiency

    and economic productivity.

    TYPES OF WELFARE ACTIVITIES:

    The meaning of labour welfare may be clearer by listing the activities andfacilities, which are referred to as welfare measures.

    A comprehensive list of welfare activities on labour welfare into two broad

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    groups, namely:

    1. Welfare measures inside the work place; and

    2. Welfare measures outside the work place.

    1. Welfare Measures inside the Work Place

    a)Conditions of the work Environment

    Safety and cleanliness: attention to approaches.

    Housekeeping

    Workshop sanitation and cleanliness.

    Convenience and comfort during work

    Workmens safety measures

    b)Conveniences

    Provision of drinking water

    Urinals and bathrooms

    Canteen services

    C) Workers Health Services

    Factory health center

    Dispensary

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    Ambulance

    d) Women and Child Welfare

    Services Crche and child care

    Separate services for woman workers

    Family planning

    e) Workers recreation

    Indoor games; strenuous games to be avoided during intervals of work

    f) Economic services

    Co-operatives, loans, financial grants

    Thrift and savings schemes

    Gratuity and pension

    g) Labour management participation

    Formation and working of various committees

    Workmens arbitration council

    Research bureau

    h) Workers education

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    Reading room

    Library

    Factory news bulletin

    2. Welfare Measures outside the Work Place

    a. Water, sanitation, waste disposal.

    b. Roads, lighting, parks, recreation, playgrounds.

    c. Transport

    d. Communication: post, telegraph and telephone.

    a) Health and medical services: dispensary, emergency ward, outpatient and in-

    patient care, family visiting, family planning

    b) Recreation: games; clubs; craft centers; cultural programmes

    c) Administration of community services and problems.

    Welfare facilities may also be categorized as (a) intra- mural and (b) extra- mural

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    Intra-mural facilities

    Intra-mural activities consist of facilities provided with in the factories and

    include medical facilities, compensation for accidents, provision of crches and

    canteens, supply of drinking water, washing and bathing facilities, provision of

    safety measures, activities relating to improving conditions of employment, and

    the like.

    Extra-mural facilities

    Extra-mural activities cover the services and facilities provided outside the factory

    such as housing accommodation, indoor and outdoor recreational facilities,

    amusement and sports, educational facilities for adults and children, and the like.

    It may be started that the welfare activities may be provided by the employer, the

    government, non-government organization and the trade unions, while, what

    employees provide will be started later; the activities undertaken by other agencies

    are mentioned here.

    FUNCTIONS AND DUTIES LABOUR WELFARE OFFICER:

    Schedule 49 of the act provides that in every factory where in 500 or more workers

    are ordinarily employed, the employers shall appoint at least one welfare officer.

    The officer is expected to act as an advisor, counselor, mediator and liaisoning

    officer between the management and the labour. Specifically, his/her duties

    include the following

    1. Supervision of (i) safety, health and welfare programs like housing, recreation,

    and sanitation services (ii) working of joint committees; (iii) grant of leave with

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    wages; and (iv) redressal of workers.

    2. Counseling workers in (i) personal and family problems; (ii) adjustment to their

    work environment; and (iii) understanding their rights and privileges.

    3. Advising management in matters of (i) formulating welfare policies; (ii)

    apprenticeship training programs; (iii) complying with statutory obligations to

    workers; (iv) developing fringe benefits; and (v) workers education.

    4. Laisoning with workers so that they may (i) appreciate the need for harmonious

    industrial relations in the plant; (ii) resolved disputes, if any; (iii) understanding

    the limitations under which they operate; and (iv) interpret company policies

    correctly.

    5. Laisoning with the management so as to appraise the latter about workers view

    points on organization matters

    OBJECTIVES

    The basic features of labour welfare measures are as follows:

    Labor welfare includes various facilities, services and amenities provided to

    workers for improving their health, efficiency, economic betterment and social

    status.

    Welfare measures are in addition to regular wages and other economic benefits

    available to workers due to legal provisions and collective bargaining

    Labor welfare schemes are flexible and ever-changing. New welfare measures are

    added to the existing ones from time to time.

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    Welfare measures may be introduced by the employers, government, employees or

    by any social or charitable agency.

    The purpose of labor welfare is to bring about the development of the whole

    personality of the workers to make a better workforce.

    Enabling workers to live richer and more satisfactory lives;

    Contributing to the productivity of labour and efficiency of the enterprise;

    Enhancing the standard of living of workers by indirectly reducing the burden on

    their work theypurse;

    Enabling workers to live in tune and harmony with services for workers obtaining

    in the neighbourhood community where similar enterprises are situated;

    Based on an intelligent prediction of the future needs of the industrial workers,

    designing policies to cushion off and absorb the shocks of industrialization and

    urbanization to workers;

    Fostering administratively viable and essentially developmental outlook among

    the workforce; and Discharging social responsibilities

    EMPLOYEE PROTECTION AND WELFARE

    STATUTORY WELFARE MEASURES:

    The preamble to our Indian Constitution promises justice - social, economic and

    political. It also stresses Equality of status and of opportunity. Article 23 of the

    Constitution prohibits traffic in human beings and forced labour. Article 24

    prohibits employment of children in factories. The article 38 and 39 spelt under

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    Directive Principles of State Policy are now enforceable as per the dictums laid by

    our Supreme Court.

    Constitution of India, Article 38: State to secure a social order for the promotion of

    welfare of the people:

    The State shall strive to promote the welfare of the people by securing and

    protecting as effectively as it may a social order in which justice, social, economic

    and political, shall inform all the institutions of the national life.

    The State shall, in particular, strive to minimize the inequalities in income, and

    endeavour to eliminate inequalities in status, facilities and opportunities, not only

    amongst individuals but also amongst groups of people residing in different areas

    or engaged in different vocations.

    Constitution of India, Article 39: Certain principles of policy to be followed by the

    State. -

    The State shall, in particular, direct its policy towards securing -

    That the citizens, men and women equally, have the right to an adequate means to

    livelihood;

    That the ownership and control of the material resources of the community are so

    distributed as best to sub serve the common good;

    That the operation of the economic system does not result in the concentration ofwealth and means of production to the common detriment ;

    That there is equal pay for equal work for both men and women;

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    That the health and strength of workers, men and women, and the tender age of

    children are not abused and that citizens are not forced by economic necessity to

    enter avocations unsuited to their age or strength

    Those children are given opportunities and facilities to develop in a healthy

    manner and in conditions of freedom and dignity and that childhood and youth are

    protected against exploitation and against moral and material abandonment.

    Through social security and social justice are spelt in our Constitution, they are

    never put into practice thanks to our Executives who only pretend to implement

    the programmes of the State. Some of the important Statutory Welfare measures

    given by the government are as follows:

    (i) The Factories Act of 1948

    (ii) The Employees State Insurance Act 1948

    (iii) The payment of Wages Act 1936

    (iv) The Workmen's Compensation Act 1923

    (v) The Employees' Provident Funds and Miscellaneous Provisions Act 1952.

    (vi) The Payment of Gratuity Act, 1962

    (vii) The Maternity Benefit Act, 1961

    FACTORIES ACT OF 1948

    Purpose of this Act: An act to consolidate and amend the law regulating labour in

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    factories. The Factories Act is meant to provide protection to the workers from

    being exploited by the greedy business employments and provides for the

    improvement of working conditions within the factory premises. The main

    function of this act is to look after the welfare of the workers, to protect the

    workers from exploitations and unhygienic working conditions, to provide safety

    measures and to ensure social justice.

    THE WORKMEN'S COMPENSATION ACT 1923

    Purpose of the Act: An Act to provide for the payment of certain classes of

    employers to their workmen of compensation for injury by accident. The

    workmen's compensation Act 1923 is one of the earliest pieces of labour

    legislation. This act encompasses all cases of accidents arising out of and in course

    of employment. The rate of Compensation to be paid in a lump sum is determined

    by a schedule provided in the act proportionate to the extent of injury and the loss

    of earning capacity. The younger the age of the worker and higher the wage the

    greater is the compensation. The Act provides the formula for calculating the

    compensation. The injured person can claim compensation and in the case of

    death, the compensation is claimed by dependents of the deceased. This law

    applies to the organized as well as unorganized sectors that are not covered by the

    E.S.I. scheme. The following definitions and the sections of law are presented for

    the students to take note of them.

    Administration: The act is administered by the State Governments which appoint

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    Commissioners for this purpose under Sec.20 of the Act.

    Benefits: Under the Act, compensation is payable by the employer to workman for

    all personal injuries caused to him by accident arising out of and in the course of

    his employment which disable him for more than 3 days. If the workman dies, the

    compensation is to be paid to his dependants. The Act distinguishes among three

    types of injuries: permanent total disablement, permanent partialdisablement and

    temporary disablement. The amount of compensation to be paid on the death or

    disablement of workman is given in Fourth Schedule of the Act and varies

    according to his wages, the type of injury and age. It is an obligation upon the

    employer to make the payment of compensation within one month from the date

    on which it falls due.

    Sources of Funds: All compensation under the act is payable by the employer.

    THE PAYMENT OF WAGES ACT:

    The Payment of Wages Act was enacted as early as 1936 during the colonial rule.

    The purpose of this act is to regulate payment of wages. This insists on the

    payment of wages by the seventh day or the tenth day of the succeeding month and

    in case of weekly payment the last day of the week.

    Section 3: Responsibility for payment of wages. - Every employer shall be

    responsible for the payment to person employed by him of all wages required to be

    paid under this Act. Provided that, in the case of persons employed (otherwise than

    by a contractor) -

    In factories, if a person has been named as the manager of the factory under clause

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    of sub-section (1) of section 7 of the Factories Act, 1948 (63 of 1948)

    In industrial or other establishments, if there is a person responsible to the

    employer for the supervision and control of the industrial or other establishments

    upon railways (otherwise that in factories), if the employer is the railway

    administration and the railway administration has nominated a person in this

    behalf for the local area concerned, the person so named, the person so responsible

    to the employer, or the person so nominated, as the case may be (shall also be

    responsible) for such payment.

    Section 4: Fixation of wage-periods:

    Every person responsible for the payment of wages under section 3 shall fix

    periods (in this Act referred to as wage-periods) in respect of which such wages

    shall be payable.

    No wage-period shall exceed one month.

    Section 5: Time of payment of wages.

    The wages of every person employed upon or in

    Any railway, factory or {industrial or other establishment} upon or in which less

    than one thousand persons are employed, shall be paid before the expiry of the

    seventh day.

    Any other railway, factory or {industrial or other establishment}, shall be paid

    before the expiry of the tenth day, after the last day of the wage-period in respect

    of which the wages are payable:

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    (2) Where the employment of any person is terminated by or on behalf of the

    employer, the wages, earned by him shall be paid before the expiry of the second

    working day from the day on which his employment is terminated.

    (3) The State Government may, by general or special order, exempt, to such extent

    and subject to such conditions as may be specified in the order, the person

    responsible for the payment of wages to persons employed upon any railway

    (otherwise than in a factory) from the operation of this section in respect of the

    wages of any such persons or class of such persons.

    (4) Save as otherwise provided in sub-section (2), all payments of wages shall be

    made on a working day.

    THE EMPLOYEES PROVIDENT FUND ACT 1952

    The purpose of this Act: An Act to provide for the institution of Provident Funds,

    pension funds and deposit linked fund for employees in factories and other

    establishments. Contributions of 10% of the wages are paid by the employer and

    another 10% by the employees. This amount is deposited with the government

    which pays an interest. This Act also now has provisions for pension scheme.

    Administration: The employees Provident Funds, Pension and Insurance Schemes

    framed under the Act are administered by a tripartite Central Board of trustee,

    consisting of representatives of employers and employees and persons nominated

    by the Central and State Governments.

    Benefits: The act has made schemes for 3 types of benefits, provident fund, family

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    pension and deposit linked insurance. Family pension is payable to the widow or

    widower up to the date of death or re-marriage whichever is earlier. In the absence

    of the widow or the widower it is payable to the eldest surviving unmarried

    daughter until she attains the age of 21 years or marries whichever is earlier. The

    dependents of the employee also receive an additional amount known as the

    deposit linked insurance which is equivalent to the average balance lying to the

    credit of the employee on his provident fund during the preceding 3 years, subject

    to a maximum of Rs.10000 provided that such employee has kept a minimumaverage balance of Rs.1000 in the provident fund.

    Source of Funds: Here both the employer and the employee are required to

    contribute the provident fund every month at 8.33% of the basic wages, dearness

    allowance and retaining allowance. An employee can make a larger contribution

    up to 10% but there is no compulsion for the employer to make a matching

    contribution.

    THE PAYMENT OF GRATUITY ACT, 1972

    Purpose of the Act: An act to provide for scheme for the payment of gratuity to

    employees engaged in factories, mines, oil fields, plantations, ports, railway

    companies, shops or other establishments and matters connected therewith or

    incidental thereto. Gratuity shall be payable to an employee on the termination of

    his employment after he has rendered continuous service for not less than five

    years.

    (a) On his superannuation

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    (b) On his retirement or resignation

    (c) On his death or disablement

    For every completed year of service or part thereof in excess of six months the

    employer shall pay gratuity to an employee at the rate of 15 days wages based on

    the rate of wages last drawn by the employee concerned.

    Section 4: Payment of gratuity.

    (1) Gratuity shall be payable to an employee on the termination of his employment

    after he has rendered continuous service for not less than five years:

    (a) On his superannuation, or

    (b) On his retirement or resignation, or

    (c) On his death or disablement due to accident or disease;

    Provided that the completion of continuous service of five years shall not be

    necessary where the termination of the employment of any employee is due to

    death or disablement; provided further that in the case of death of the employee,

    gratuity payable to him shall be paid to his nominee or, if no nomination has been

    made, to his heirs, and where any such nominees or heirs is a minor, the share of

    such minor, shall be deposited with the controlling authority who shall invest the

    same for the benefit of such minor in suchAEGON RELIGARE or other financial

    institution, as may be prescribed, until such minor attains majority.

    (2) For every completed year of service or part thereof in excess of six months, the

    employer shall pay gratuity to an employee at the rate of fifteen days' wages based

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    on the rate of wages last drawn by the employee concerned; provided that in the

    case of a piece-rated employee, daily wages shall be computed on the average of

    the total wages received by him for a period of three months immediately

    preceding the termination of his employment, and, for the purpose, the wages paid

    for any overtime work shall not be taken into account; provided further that that in

    the case of {an employee who is employed in a seasonal establishment and who is

    not so employed throughout the year} the employer shall pay the gratuity at the

    rate of seven days' wages for each season.

    (3) The amount of gratuity payable to an employee shall not exceed {three lakhs

    and fifty thousand} rupees.

    (4) For the purpose of computing the gratuity payable to an employee who is

    employed, after his disablement, on reduced wages, his wages for the period

    preceding his disablement shall be taken to be the wages received by him during

    that period, and his wages for the period subsequent to his disablement shall betaken to be the wages as so reduced.

    (5) Nothing in this section shall affect the right of an employee to receive better

    terms of gratuity under any award or agreement or contract with the employer.

    (6) Notwithstanding anything contained in sub-section

    (a) The gratuity of an employee, whose services have been terminated for any act,

    wilful omission or negligence causing any damage or loss to, or destruction of,

    property belonging to the employer' shall be forfeited to the extent of the damage

    or loss so caused.

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    (b) The gratuity payable to an employee {may be wholly or partially forfeited} -

    (i) If the services of such employee have been terminated for his riotous or

    disorderly conduct or any other act of violence on his part, or

    (ii) If the services of such employee have been terminated for any act which

    constitutes an offence involving moral turpitude, provided that such offence is

    committed by him in the course of his employment.

    THE MATERNITY BENEFIT ACT, 1961

    Purpose of the Act: An Act to regulate the employment of women in certain

    establishments for certain period before and after child-birth and to provide for

    maternity benefit and certain other benefits.

    Section 4: Employment of or work by, women, prohibited during certain periods

    (1) No employer shall knowingly employ a woman in any establishment during

    the six weeks immediately following the day of her delivery, (miscarriage ormedical termination of pregnancy).

    (2) No women shall work in any establishment during the six weeks immediately

    following the day of her delivery (miscarriage or medical termination of

    pregnancy).

    (3) Without prejudice to the provisions of section 6, no pregnant women hall, on a

    request being made by her in his behalf, is required by her employer to do duringthe period specified in subsection

    (4) Any work which is of an arduous nature or which involves long hours of

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    standing, or which in any way is likely to interfere with her pregnancy or the

    normal development of the foetus, or is likely to cause her miscarriage or

    otherwise to adversely after her health.

    (4) The period referred to in sub-section (3) shall be -

    (a) The period of one month immediately proceeding the period of six weeks,

    before the date of her expected delivery;

    (b) Any period during the said period of six weeks for which the pregnant woman

    does not avail of leave of absence under section 6.

    Section 5: Right to payment of maternity benefits:

    (1) Subject to the provisions of this Act, every woman shall be entitled to, and her

    employer shall be liable for, the payment of maternity benefit at the rate of the

    average daily wage for the period of her actual absence, that is to say, the period

    immediately preceding the day of her delivery, the actual day of her delivery and

    any period immediately following that day.

    (2) No woman shall be entitled to maternity benefit unless she has actually worked

    in an establishment of the employer from whom she claims maternity benefit, for a

    period of not less than {eighty days} in the twelve months immediately preceding

    the date of her expected delivery. Provided that the qualifying period of {eighty

    days} aforesaid shall not apply to a woman who has immigrated into the State of

    Assam and was pregnant at the time of the immigration.

    (3) The maximum period for which any woman shall be entitled to maternity

    benefit shall be twelve weeks of which not more than six weeks shall precede the

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    date of her expected delivery. Provided that where a woman dies during this

    period, the maternity benefit shall be payable only for the days up to and including

    the day of her death ; Provided further that where a woman, having been delivered

    of a child, dies during her delivery or during the period immediately following the

    date of her delivery for which she is entitled for the maternity benefit, leaving

    behind in either case the child, the employer shall be liable for the maternity

    benefit for that entire period but if the child also dies during the said period, then,

    for the days up to and including the date of the death of the child.

    EMPLOYEES STATE INSURANCE ACT 1948

    PURPOSE OF THE ACT: This Act covers all workers whose wages do not

    exceed Rs.1600 per month and who are working in factories, other than seasonal

    factories, run with power and employing 20 or more workers. The coverage can be

    extended by the State Government with the approval of the Central Government.

    ADMINISTRATION: The Act is administered by the E.S.I Corporation, an

    autonomous body consisting of representatives of the Central and State

    Governments, employers, employees, medical profession and Parliament.

    BENEFITS: The Act, which provides for a system of compulsory insurance, is a

    landmark in the history of social security legislation in India. An insured person is

    entitled to receive the following types of benefits:

    Medical Benefit

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    Sickness Benefit

    Maternity Benefit

    Disablement benefit

    Dependants Benefit

    Funeral benefit

    SOURCES OF FUNDS: the Act provides for the setting up of the Employees State

    Insurance fund from the contributors received from employers and employees and

    various grants, donations and gifts received from Central or State Governments,

    local authorities and individuals. The rate of employers contribution is 5% of the

    wage bill and that of the employees contribution is 2.25%.

    CHAPTER 226

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    RESEARCH DESIGN

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    INTRODUCTION

    Welfare of the employee is the welfare of the industry. They rise or sink together;

    the countrys progress is bound up with the progress of industry and of employee.

    A workers wellbeing inside as well as outside the factory is mainly out of

    employers concern, because it has a direct bearing on the efficiency of his work

    and job satisfaction. It is the right of the worker as a human being to get the

    minimum amenities, which in turn contributes to a very large extent towards

    production efficiency.

    Employee Welfare is a comprehensive term including various services, benefits

    and facilities offered to employees by the employer. Welfare measures may also

    be provided by the government, trade unions and non-government agencies in

    addition to the employer. The welfare amenities are extended in addition to normal

    wages and other economic rewards available to employees as per the legal

    provisions. The basic purpose of employee welfare is to enrich the life of

    employees and keep them happy and contented. A study of employee welfare

    would benefit an organisation to improve its productivity.

    They are also the best kind of investment for employees as they promote industrial

    efficiency and provide the workers facilities and amenities, which enable the

    workers employed to perform their work in healthy and congenial climate.

    STATEMENT OF THE PROBLEM

    The liberalization, privatization and globalization of Indian economy in the last

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    few years have presented unprecedented challenges to the decision makers in

    government, industry and service sectors to compete in the global market with

    competitive edge necessitates the industry to improve its productivity and quality

    of products.

    This objective cannot be achieved unless and until the workers are highly satisfied

    with the working environment and welfare facilities, which have an important

    impact in industrial relations.

    AEGON RELIGARE is very eager to find out whether the present welfare

    facilities given to the employee is satisfactory and is it affecting their performance

    in the organization.

    The study will help them to find out if they are fulfilling the needs of employees

    and if they are following the legal provisions.

    Hence, this project is undertaken to know the present welfare facilities at AEGON

    RELIGARE and an assessment on their performance with reference to the welfare

    measures adopted and to suggest suitable measures to further enhance them.

    Unfortunately workers needs are high but employers will and capabilities are low.

    There should be a balance between the two.

    In this aspect, not only the statutory provision should be compiled with but the

    employers must also strive to provide certain voluntary and mutual welfare

    measures to ensure employee satisfaction. Therefore a study of the statutory, non-

    statutory and mutual measures provided by the organization and the satisfaction

    level of employees towards these welfare measures and its impact on job

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    satisfaction, but also to draw suggestions and conclusions which would enable the

    organization to make improvements in its welfare measure if necessary

    OBJECTIVES OF THE STUDY

    In this study an attempt has been made to examine the welfare measures offered

    by AEGON RELIGARE to its employees and its impact on job satisfaction. The

    specific objectives of the study are:

    1. To assess the welfare measures adopted by AEGON RELIGARE

    2. To analyse the effect of welfare on employee performance

    3. To assess the employee satisfaction with regard to welfare facilities

    4. To make suitable suggestions and recommendations with a view to improve the

    existing welfare measures.

    SCOPE OF THE STUDY

    The scope of the study is to understand the present welfare measures adopted in

    the organization and how AEGON RELIGARE can enhance the performance of

    employees by adopting better welfare measures. The study is extended only to the

    respondents working in the AEGON RELIGARE,at Bangalore.It does not cover

    all the employees working in AEGON RELIGARE. The study covers only some

    of the levels in the organization. The welfare measures studied includes both

    statutory, non-statutory measures and mutual welfare measures. This study alsohelps the organization to make necessary changes in their welfare programs

    SAMPLING DESIGN:

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    Sampling is the process of selecting a sufficient number of elements from the

    population, so that a study of the sample and an understanding of its properties or

    characteristics would make it possible for us to generalize such properties or

    characteristics to the population elements.

    DESCRIPTIVE RESEARCH DESIGN:

    It provides description of something. It is undertaken in order to ascertain and

    describe the characteristics of variables of interest in a particular situation. It is a

    pre-planned and structured design

    DESCRIPTIVE RESEARCH DESIGN WAS USED FOR THE STUUDY

    CONDUCTED ON WELFARE AMENITIES OF EMPLOYEES

    METHOD OF SAMPLING USED IN THE STUDY

    Probability

    SIMPLE RANDOM SAMPLING

    Simple Random Sampling is the foundation of probability sampling. Its a special

    case of probability sampling in which every unit in the population has an equal

    chance of being included in a sample. Simple random sampling also makes the

    selection of every possible combination of the desired number of units likely.

    Sampling may be done with or without replacement simple random sampling was

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    used to collect the dada from the employees.

    SAMPLE UNIT:

    A Person who works in AEGON RELIGARE at Bangalore. Smallest non-divisible

    part of the population is called a unit. A unit should be well defined and should not

    be ambiguous.

    SAMPLE SIZE:

    A Sample of 25 was taken from the workers.

    A finite subset of a population is a sample and the number of units in a sample is

    called its sample size.

    TOPIC OF STUDY

    A study on welfare amenities of employee at AEGON RELIGARE was

    conducted in Bangalore city

    AREA OF THE STUDY

    The area of study of the topic A study on welfare amenities of employee at

    AEGON RELIGARE was conducted at Bangalore city only

    Method of data collection (primary/secondary)

    PRIMARY DATA:

    Primary data was collected by meeting the official staff and personal interview of

    the staff regarding the welfare amenities that are provided to them through

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    Questionnaire. The research involved a survey of 25 staff from different sections.

    SECONDARY DATA:

    Secondary data was collected from the journals of AEGON RELIGARE, Books,

    Website, Magazines, Cds, Newspaper, Internet, and Booklets.

    TOOLS USED FOR DATA COLLECTION

    Questionnaire was the specific data collection instrument used for obtaining

    primary data. The questionnaire contained a well-defined set of questions of an

    objective nature; without leading to any ambiguity and suggestively arranged in

    categories to ensure easy and accurate responses. It collected both quantitative and

    qualitative information on labour welfare. The Questionnaire consisted of both

    open ended and closed ended Questions.

    TOOLS USED FOR ANALYSIS

    LIMITATIONS OF THE STUDY

    1. The study is limited to AEGON RELIGARE at Bangalore

    2. Inter-firm comparisons are not undertaken.

    3. Certain information vital to the study was confidential and hence was not

    divulged to the investigator by the AEGON RELIGARE.

    4. This study was inclusive of both in-house research work and collection of data

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    through questionnaire.25 people at random were served with questionnaire.

    CHAPTER SCHEME (teacher)

    CHAPTER1:

    This is the general introduction and also includes the birds eye view of labour

    Welfare measures extended to AEGON RELIGARE employees, which are

    enacted by the various labour legislations and the role of the Indian Constitution

    on Labour Welfare.

    CHAPTER-2:

    This chapter outlines the Research Design adopted, Title of the study, Research

    Methodology, objectives, scope and significance of the study, sources of data, data

    collection instrument and the limitations of the study.

    CHAPTER 3:

    This chapter studies the organizational profile of the AEGON RELIGARE, its

    mission & objectives, their heritage, tradition & culture, various branches and

    offices both in India & abroad, their motto & services, their subsidiaries. It also

    depicts the organizational structure of the AEGON RELIGARE.

    CHAPTER 4:

    This chapter is about the analysis of relevant data over the study period and

    interpretation of the same.

    CHAPTER 5:

    This is the last chapter of the study, which gives the finding of analysis and

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    conclusions drawn from the above analysis. It also provides suggestions for

    making the labour welfare schemes more attractive and adequately encouraging

    for the employees in AEGON RELIGARE and also to enhance their image and

    create the management and the employees.

    COMPANY PROFILE

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    About Aegon Religare Life Insurance

    ABOUT COMPANY

    AEGON RELIGARE LIFE INSURANCE COMPANY

    AEGON, an international life insurance, pension and investment company,

    Religare, a global financial services group and Bennett, Coleman & company,

    Indias largest media house, have come together to launch AEGON Religare Life

    Insurance Company Limited (ARLI). This venture is dedicated to build a

    profitable customer-centric business with scale, providing a work environment that

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    fosters excellence and innovation. This joint venture will balance a local approach

    with thepower of an expanding global operation all around the globe.

    ARLI launched its pan-India operations in July, 2008 following a multi-channel

    distribution strategy with a vision to help people plan their life better. The

    fulfilment of this vision is based upon having a complete product suite, providing

    customised advice and enhancing the overall customer experience through

    superior service.

    ARLI has launched a suite of products that are focused on providing the customer

    with the means to meeting their long-term financial goals. At the same time

    product development has been founded on the tenet of providing the customer

    with great value. ARLI products such as AEGON Religare iTerm Plan and

    AEGON Religare Invest Maximiser Plan have been ranked among the best in

    terms of value and have attracted many external accolades.

    ABOUT AEGON

    As an international life insurance, pension and investment company, AEGON has

    businesses in over twenty markets in the Americas, Europe and Asia. With

    headquarters in The Hague, the Netherlands, AEGON companies employ

    approximately 28,000 people and serve some 40 million customers across the

    globe. The companys common shares are listed on three stock exchanges:

    Amsterdam, New York and London. AEGON has more than 160 years of

    experience with its roots going back to 1844. AEGON holds 26% equity in ARLI.

    ABOUT RELIGARE ENTERPRISES LIMITED

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    Religare Enterprises Limited (REL) is a global financial services group with a

    presence across Asia, Africa, Middle East, Europe and the Americas. In India,

    Religares largest market, the group offers a wide array of products and services

    ranging from insurance, asset management, broking and lending solutions to

    investment companying and wealth management. The group has also pioneered

    the concept of investments in alternative asset classes such as arts and films. With

    over 10,000 employees across multiple geographies, Religare serves over a million

    clients, including corporates and institutions, high net worth families andindividuals, and retail investors. REL hold 44% equity in ARLI.

    ABOUT BENNETT, COLEMAN & COMPANY LIMITED

    Bennett, Coleman & Company Limited (BCCL), part of the mammoth Times

    Group, is Indias largest media house. It reaches out to 2468 cities and towns all

    over India. The group owns and manages powerful media brands like The Times

    of India, The Economic Times, Maharashtra Times, Navbharat Times, Femina,

    Film fare, Grazia, Top Gear, Radio Mirchi, Zoom, Times Now, Times Music,

    Times OOH, Private Treaties and indiatimes.com. All of its brands are

    multinational in outlook, traditional at heart and national in spirit. From the very

    first edition on November 3, 1838 the mammoth BCCL Group has come a long

    way. By way of the innovative venture of Times Private Treaties the BCCL Group

    holds 30% equity in ARLI.

    STRONG PARENTAGE

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    Aegon

    Life insurance/ pension/ investments

    Presence in over 20 markets throughout the Americas,Europe and Asia

    5th largest life insurance company in the world based on revenue.

    Ranked 103 on the fortune 500 list.

    More than 5 crore customers worldwide.

    More than 31,500 employees worldwide.

    Religare

    Value that bind

    One of Indias leading integrated financial services group

    Services in retail, wealth & institutional spectrums

    Presence in more than 460 cities and towns and more than 1550 locations across

    India

    The Opportunity

    Population of India -103 crores (in 2008)

    78% of households are aware of insurance products

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    Growth in no. of policies from 2006 -2007 was 149%

    Despite such growth 70% of population is still under-insured

    Insurance ownership is as low as 24%

    (Source-the survey by NCEAR on How India earns, spends and saves, Max

    NCEAR India financial protection survey)

    1. INSURANCE IN INDIA

    The Britishers opened general insurance in India around the year 1700.

    The first company, known as the Sun Insurance Office Ltd. was set up in Calcutta

    in the year 1710.

    An insurance company like Bombay Insurance Company Ltd was established in

    1793.

    In 1818 it was conceived as a means to provide for English Widows.

    The Bombay Mutual Life Insurance Society started its business in 1870.

    It was the first company to charge same premium for both Indian and non-Indian

    lives.

    The Oriental Assurance Company was established in 1880.

    Till the end of nineteenth century insurance business was almost entirely in the

    hands of overseas companies.

    Insurance regulation formally began in India with the passing of the Life Insurance

    Companies Act of 1912 and the provident fund Act of 1912.

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    Several frauds during 20's and 30's sullied insurance business in India.

    By 1938 there were 176 insurance companies.

    The first comprehensive legislation was introduced with the Insurance Act of 1938

    that provided strict State Control over insurance business.

    The insurance business grew at a faster pace after independence.

    The Government of India in 1956, brought together over 240 private life insurers

    and provident societies under one nationalized monopoly corporation and Life

    Insurance Corporation (LIC) was born.

    Nationalization was justified on the grounds that it would create much needed

    funds for rapid industrialization.

    LITERATURE REVIEW

    ARTICLES

    Aegon Religare Life enters health insurance

    P.V.Sivakumar

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    Mr Yateesh Srivastava(right), Chief Marketing Officer, Aegon Religare Life

    Insurance, and Mr Pradeep Pandey, Vice-President (Health), at the launch of the

    health plan in Hyderabad on Tuesday.

    Hyderabad, Aug. 17, 2010

    Aegon Religare Life Insurance (ARLI) has entered into health insurance segment

    by launching a fixed benefit health plan.

    The Aegon Religare Health Plan will provide for room and medical expenses,

    intensive care unit charges and reimbursement for the cover agreed upon even if

    the actual cost is lesser, Mr Yateesh Srivastava, Chief Marketing Officer, ARLI,

    told newspersons here on Tuesday.

    We have already soft-launched the plan and could sell 5,000 policies in four

    weeks. We are targeting over 50,000 policies with a combined premium of Rs 20

    crore from this product, during the current fiscal year, he said.

    Available in four categories, the plan will provide a total benefit of Rs.4.90 lakh to

    Rs.12.25 lakh with an annual premium of approximately Rs.1,000 for a Rs.1 lakhcover for a person, he added. On the product pipeline, Mr Srivastava said that the

    company was awaiting approval from the Insurance Regulatory and Development

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    Authority for three unit-linked insurance plans and one traditional product.

    The ULIP products have been re-designed in tune with IRDA's recent norms.

    Though the products carry the old brand names, the substance will be different,

    he added. As announced earlier, Rs.450 crore of capital will be infused to the

    existing Rs.660-crore capital base of the company, during the year. We have

    already infused Rs.90 crore in this, he said. Aegon Religare is aiming to close

    2010-11 with R. 500 crore received premium (as against Rs.166 crore last year),

    he added.

    Aegon Religare eyes Web to sell health insurance

    Kolkata, May 28

    Encouraged by good customer response to the online term insurance delivery

    model, Aegon Religare Life Insurance is looking at selling health insurance on the

    Web, according to its Managing Director and Chief Executive, Mr Rajiv

    Jamkhedkar.

    The company, which started operations in 2008, is planning to launch its first

    health insurance product in two months. Looking at the response for our online

    term insurance product iTerm, we are now exploring possibilities of making other

    upcoming policies like health insurance available on the Web, Mr Jamkhedkar

    said. He however maintained that the company would need to get IRDA's approval

    before taking a call on this. ITerm, which claims to be the cheapest term insurance

    policy in the country, has so far collected about Rs.4.5 crore premium from more

    than 4,000 customers. The total premium underwritten by the company in 2009-10

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    was Rs.166 crore. The premium charge of iTerm is about 30 per cent lower than

    term policies sold in the agency model as it discounts the commission charges.

    The average investment kitty in this policy is about Rs.12,000 and it is bought by

    customers who are thoroughly aware of the market, Mr Jamkhedkar said. The

    proposed health policy, however, would have to be customised for the online

    version, he added.

    The company was also looking at launching annuity products this year, he said,

    adding that it was open to coming out with variable annuity if the regulator

    permits the same. Our foreign partner Aegon has a strong presence in this

    segment in the world market and we expect the product to come up in India in one

    year, he said.

    AEGON RELIGARE LIFE INSURANCE : E-SALES

    A unique e-Sales channel was developed by this insurance company enabling

    customers to plan & buy policies online

    Tuesday, June 01, 2010

    In this era of cut throat

    competition insurance companies are finding innovative ways of reaching more

    customers and simplifying processes. ARLI developed an online distribution

    channel to sell life insurance policies online where a customer can complete all

    steps from enquiry to purchase in one-go at a time & place of his choice. Customer

    can come to e-Sales portal and determine ideal insurance amount needed by him,

    compare it with other insurance products of the same category, fill some basic

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    information about him and his family, make payment and get secure. In the

    background e-Sales portal interacts real-time with various core systems like policy

    administration system, customer relationship management system, and workflow

    system to ensure information about customer and policy is tracked online and

    served back to customer if required online. E-Sales portal is designed to do

    automate underwriting with the help of a rules engine. It's also integrated with a

    payment gateway to enable payment using credit card and Internet companying.

    Its automated workflow directs users to various steps depending on data enteredby them in previous steps. Post deployment the online sales has crossed 3000

    policies in the last 4 months with more than 3 crore rupees in premium collection.

    Bangalore: AEGON RELIGARE LIFE INSURANCE (ARLI)

    LAUNCHED ITS NEW FIXED-BENEFIT HEALTH INSURANCE

    PLAN, AEGON

    The plan offers coverage of all surgeries, guaranteed payment in case of claims

    and a cashless facility at over 3,000 hospitals, a press release issued here stated.

    "Medical expenses are increasing, making health insurance a must. However, it is

    critical to have certainty of payout. A comprehensive fixed benefit plan plays a

    very important role as this tends to remove the surprise element from claims. Our

    plan is designed such to provide comprehensive coverage and fixed benefits,"

    ARLI Chief Marketing Officer Yateesh Srivastava said.

    The plan would be distributed through the company's regular channels and would

    also be available online, the release said.

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    The plan covers all kinds of surgeries, including 240 day care treatments and 10

    critical illnesses, and guarantees a fixed amount of money, irrespective of the

    actual hospital bill, the release said.

    Under the health insurance plan, the company guarantees a fixed premium rate for

    three years, which means in case of a claim in the first or second year, the

    premium will not increase.

    The benefit amount under the plan would increase by 10 per cent for every no

    claim year (the maximum increase will be capped at 50 per cent) and can berenewed till the age of 85.

    RELIGARE

    One of Indians leading integrated financial services groups and

    Bennett, Coleman & company

    Indialargest media house, have come together to launch

    AEGON RELIGARE Life Insurance Company Limited.

    This venture is dedicated to build a firm future, both for customers and employees

    and will continue to balance a local approach with the power of an expanding

    global operation. We launched our pan-India multi-channel operations in July,

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    2008 with over 30branches spread across India. Our business philosophy is to help

    people plan their life better. We provide high quality advice to our customers and

    offer superior customer service. In an industry first, AEGON Religare Life

    Insurance offers policy servicing on the phone via Interactive Voice Response

    System (IVR) by issuing the customer a T-Pin for authentication. It is also the first

    company to include the customers medical report in the policy kit.

    AEGONs

    Businesses serve over 40 million customers in over 20markets throughout the

    Americas, Europe and Asia, with major operation in the United States, the

    Netherlands and the United Kingdom. with the headhunters in the huge , the

    Netherlands ,AEGON companies empl0y almost 32000,wordwide.the company

    common shares are listed on four stock exchange: Amsterdam, London ,new york

    and Tokyo . it manage euro 351 billion in revenue generating investment

    .AEGON has more than 160 years of experience with its roots going back to

    1844.it hold 26% equity in our company.

    ABOUT AEGON RELIGARE ENTRERPRISE LTD.

    Religare is diversified financial services group of India a multitude of investment

    option, financial services witch Religare offers can be broadly clubbed across

    three key verticals retails institutional and wealth spectrum .Religare has also

    venture in to the alternative investment spheres through its holistic arts and

    initiative and film fund. With the view to expand, diversify introduced offering

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    benchmark again global best practice ,Religare operates in the wealth

    management space under the brand name Religare Macquarie privet wealth

    Religare has pan India presence 1837 location at across 498 cities and town . It

    also currently operates in nine international locations following its acquisition of

    London brokerage & investment firm, Hitchens,Harrison & co plc. (Now Religare

    Hitchens,Harrison plc.)

    Bennett, Coleman & Co. Ltd. (BCCL)

    Part of the mammoth Times Group, is Indias largest media house. It reaches out

    to2468 cities and towns all over India. The group owns and

    Managespowerful media brands like The Times of India, The Economic Times,

    Maharashtra Times, Navbharat Times, Femina,Film fare, Grazia, Top Gear, Radio

    Mir chi, Zoom, Times Now, Times Music, Times OOH, Private Treaties and India

    times. Com .All of its brands is multinational in outlook, traditional at heart and

    national in spirit. From the very first edition on November 3, 1838 the mammoth

    BCCL Group has come a long way. By way of the innovative venture of Times

    Private Treaties the BCCL Group holds30% equity in our company.

    MILESTONES IN THE HISTORY

    Religare is a diversified financial services group of India offering a multitude of

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    investment options.

    Religare has a pan India presence, 1837* locations across498* cities and towns. It

    also currently operates from nine international locations following its acquisition

    of Londons brokerage& investment firm, Hichens, Harrison & Co. plc. (Now

    Religare Hichens, Harrison Plc).AEGON Religare Life Insurance launched its

    pan-India multi-channel operations in July, 2008 with over 30 branches spread

    across India in day 1.

    Aegon religare is the first company to include customers medicals report in policy

    kit.

    ROLE OF IT AEGON RELIGARE LIFE INSURANSE

    1) INTER OFFICE CONNECTIVETY

    All their Branch / Area and Regional offices will be interconnected to their DataCentre with a 24x7 access to Core Applications like Lotus Mail, Life-Asia and

    Internet Applications. This will enable their associates to work faster and better

    with high-speed Internet connectivity and also ensure faster Turnaround Time for

    their customers.

    2) CUSTOMER CARE CENTRE: -

    They will host a centralized Customer Care Centre at NaviMumbai, which caterservices to internal and external queries and complications. A customer

    Relationship Management Tool (CRM) and Lead Management System (LMS) are

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    in progress.

    3) WEB PORTAL: -

    This portal will be an interface between both internal employees and their external

    users. Some of the functions included in their portal are Policy Tracking Systems,

    Corporate News, Quality Checking System, Under Writing Medical System, and

    Agent Management System etc.

    4) S ALERTS: -

    SMS Alerts will be provided to their Sales Managers about the latest happenings

    like Contests and Campaigns, Employee Alerts will include Company News and

    Welcome/Birthday/Anniversary message etc. Customers includes

    Welcome/Birthday/Anniversary message, policy dispatch details policy services

    sums like premium receipt and renewal premium remainders etc.

    5) DOCUMENT MANAGEMENT SYSTEM

    DMS will enable both policy issuance and contract servicing through an

    automated workflow, which yields a faster Turnaround Time to both internal and

    external users. This application will enable them to have a paperless office and

    thus mitigate the risk of losing vital records/papers.

    6) CORE VALUES

    Aegon Religare Life Insurance Company Limited has some core values which arelisted as follows:

    1) Result Oriented

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    2) Performance Driven

    3) Customer Focused

    4) Learning and Development Oriented

    5) Employee Centric

    6) Informal and Fun

    7. SUBSIDIARY COMPANIES:

    Religare Securities Limited

    Equity Broking

    Online Investment Portal

    Portfolio Management Services

    Depository Services

    Religare Commodities Limited

    Commodity Broking

    Religare Capital Markets Limited

    InvestmentAEGON RELIGARE Proposed Institutional Broking

    Religare Realty Limited

    In house Real Estate Management Company

    Religare Hichens Harrison

    Corporate Broking

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    Institutional Broking

    Derivatives Sales

    Corporate Finance

    Religare Finevest Limited

    Lending and Distribution business

    Proposed Custodial business

    Religare Insurance Broking Limited

    Life Insurance

    General Insurance

    Reinsurance

    Religare Arts Initiative Limited

    Business of Art

    Gallery launched - arts-i

    Religare Venture Capital Limited

    Private Equity and Investment Manager

    Religare Asset Management

    Religare Asset Management Company (P) Limited is a wholly owned subsidiaryof Religare Securities Limited (RSL), which in turn is a 100% subsidiary of

    Religare Enterprises Limited. Religare Hichens, Harrison plc. (RHH) is a part of

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    ReligareEnterprises Limited (REL) a leading integrated financialservices group of

    India. Hichens, Harrison & Co. plc. (HH), established in 1803 is Londons oldest

    brokerage and investmentfirm with a global footprint. Post its acquisition through

    RELIGARE indirect subsidiary - Religare Capital Markets International (UK)

    Limited, HH has been rechristened as Religare Hichens Harrisonplc.

    ASSOCIATE COMPANIES:

    Fortis Healthcare Limited

    Super Religare Laboratories Limited (Formerly SRL Ranbaxy)

    Religare Wellness Limited (Formerly Fortis Health world)

    Religare Technova Limited

    Religare Voyages Limited

    RELIGARE JOINT VENTURES:Head office and branches. There are 50 branches in 19 states throughout India

    CORPORATE AND REGISTERED OFFICE:

    AEGON Religare Life Insurance,2nd Floor, Paranjpe B Scheme,Subhash Road, Near

    Garware House,Vile Parle (E),Mumbai - 400 057.

    Other Branches:

    1. Ahmedabad

    2. Amritsar

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    3. Bengaluru- Brigade

    4. Bhopal

    5. Bhubaneswar

    6. Chandigarh

    7. Chennai- Mount Road

    8. Coimbatore

    9. Dehradun

    10.Faridabad

    11.Gurgaon

    12.Guwahati

    13.Hubli

    14.Hyderabad- Paniagut

    15.Hyderabad- Secunderabad

    16.Indore

    17.Jaipur

    18.Jalandhar

    19.Jamshedpur

    20.Kanpur

    21.Kochi

    22.Kolkata- Dalhousie

    23.Kolkata- Garihat

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    24.Bengaluru- Korama

    25.Lucknow- Sikander Bad

    26.Lucknow- Vidhan sabha Road

    27.Ludhiana

    28.Managalore

    29.Mumbai- Dadar.

    30.Mumbai- Belapur

    31.Mumbai- Kandivali

    32.Nagpur

    33.Nashik

    34.New Delhi- Kailash Colony

    35.New Delhi- Pitampura

    36.Noida

    37.Panipat

    38.Panjim

    39.Pune- Koregaon Road.

    40.Pune- Schapiro Street

    41.Raipur

    42.Rajkot

    43.Ranchi

    44.Salem

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    45.Surat

    46..Thiruvananthapuram

    47.Trissur

    48..Vadodara

    49.Varanasi

    50.Patna

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    CHAPTER 4ANALYSIS & INTERPRETATION

    TABLE 1

    1)Welfare as prime objective of the company

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    Particulars Number of Respondents % of respondents

    I Strongly Agree 2 8

    I Strongly Disagree 12 48

    I Moderately Agree 5 20

    I Moderately Disagree 6 24

    I Unaware 0 0

    Total 25 100

    INTERPRETATION:

    It is evident from the above table that is 8% of the respondents have strong opinion

    to accept welfare as the prime objective of the company. 20% of the respondents

    have a satisfactory opinion. While 48% of them have completely denied and 24 %

    of the respondents have partial agreements towards the same.

    GRAPH 1

    Welfare as prime objective of the company

    TABLE 2

    2) Prominencegiven by Company for welfare activities

    Particulars Number of Respondents % of respondents

    I Strongly Agree 8 32

    I Strongly Disagree 2 8

    I Moderately Agree 12 48

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    I Moderately Disagree 3 12

    I Unaware 0 0

    Total 25 100

    INTERPRETATION:

    The table depicts 32% of the total respondents have strong opinion, while 08% of

    the respondents have strong disagreement towards the prominence given by

    Company for welfare activities. 48% of the respondents have satisfactorily agreed

    and 12% of the respondents have partial disagreement towards the same.

    GRAPH 2

    Prominence given by Company for welfare activities

    TABLE 3

    3) Provision of drinking water facilities in company

    Particulars Number of Respondents % of respondents

    I Strongly Agree 12 48

    I Strongly Disagree 5 20

    I Moderately Agree 6 24

    I Moderately Disagree 2 8

    I Unaware 0 0

    Total 25 100

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    INTERPRETATION:

    The table exhibits 48% of the total respondents have positive agreement where as

    20% of the respondents have denied with the provision of drinking water facility.

    24% and 8% of the respondents have partial agreement and partial disagreement

    towards the same respectively.

    GRAPH 3

    Provision of drinking water facilities in company

    TABLE 4

    4) Adequacy of spacious working area in company

    Particulars Number of Respondents % of respondents

    I Strongly Agree 10 40

    I Strongly Disagree 5 20I Moderately Agree 10 40

    I Moderately Disagree 0 0

    I Unaware 0 0

    Total 25 100

    INTERPRETATION:

    The table proves 20% of the total respondents are strongly disagree with the

    convinced towards the adequacy of working area in ban, While 80% of therespondents have equally shared between positive and negative responses.

    GRAPH 4

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    Adequacy of spacious working area in company

    TABLE 5

    5) Cleanliness of working area in company

    Particulars Number of Respondents % of respondents

    I Strongly Agree 9 36

    I Strongly Disagree 4 16I Moderately Agree 9 36

    I Moderately Disagree 3 12

    I Unaware 0 0

    Total 25 100

    INTERPRETATION:

    The table clearly depicts that 62% of the total respondents have equally shared

    between the positive and satisfactory response. 16% of the total respondents have

    completely denied & 12% of the respondents have partially denied as to the

    cleanliness of the working area.

    GRAPH 5

    Cleanliness of working area in company

    TABLE 6

    6) Provision of adequate lighting & ventilation in company

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    Particulars Number of Respondents % of respondents

    I Strongly Agree 10 40

    I Strongly Disagree 9 36

    Moderately Agree 4 16

    I Moderately Disagree 2 8

    I Unaware 0 0

    Total 25 100

    INTERPRETATION:

    It is clearly visible that 40% of the total respondents have strongly convinced and

    36% of the respondents have opposed for the provision of adequate lighting

    facility & ventilation. 16% and 8% of the respondents have partially agreed &

    denied respectively for the same.

    GRAPH 6

    Provision of adequate lighting & ventilation in company

    TABLE 7

    7) Availability of canteen in the company

    Particulars Number of Respondents % of respondents

    I Strongly Agree 14 56

    I Strongly Disagree 2 8

    I Moderately Agree 6 24

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    I Moderately Disagree 3 12

    I Unaware 0 0

    Total 25 100

    INTERPRETATION:

    It is indicated in the table 56% of the total respondents support the availability of

    canteen in the company where as 8% of the respondents strongly disagree as 24%

    of the employee moderately agree and 12% of the respondents partial dissentient

    towards the same.

    GRAPH 7

    Availability of canteen in the company

    TABLE 8

    8) Quality & taste of food provided in the canteen

    Particulars Number of Respondent % of respondents

    I Strongly Agree 0 12

    I Strongly Disagree 3 32

    I Moderately Agree 8 20

    I Moderately Disagree 5 36

    I Unaware 9 0

    Total 25 100

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    INTERPRETATION:

    It appears from the table that 32% of the respondents strongly disagree with the canteen food as

    20% of then moderately agree. 20% of the respondents completely deny & 12% of them are not

    aware of the same.

    GRAPH 8

    Quality & taste of food provided in the canteen

    TABLE 9

    9) Provision of medical scheme in company

    Particulars NumberofRespondent

    s

    % of respondents

    I Strongly Agree 11 44

    I Strongly Disagree 2 8

    I Moderately Agree 4 16

    I Moderately

    Disagree

    5 20

    I Unaware 3 12

    Total 25 100

    INTERPRETATION:

    The table emphasizes that 44% of the respondents support the provision of

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    medical scheme in company. 8% of the respondents have strongly disagree and

    16% and 20% of the respondents moderately agree and moderately disagree

    Respectively.12% respondents are unaware of such provisions.

    GRAPH 9

    Provision of medical scheme in company

    TABLE 10

    10) Reimbursement of medical expenses in company

    Particulars Number of Respondents % of respondents

    I Strongly Agree 5 20

    I Strongly Disagree 2 8

    I Moderately Agree 15 60

    I Moderately Disagree 3 12

    I Unaware 0 0

    Total 25 100

    INTERPRETATION:

    The table shows that 60% of the total respondents have partial consent and 20% of

    the respondents have strong support for the reimbursement of medical facility by

    the company. 8% and 12% of the respondents have complete denial & partial

    denial towards the same

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    GRAPH 10

    Reimbursement of medical expenses in company

    TABLE 11

    11) Company employees covered with medical insurance scheme

    Particulars Number of Respondents % of respondents

    I Strongly Agree 2 8

    I Strongly Disagree 10 40

    I Moderately Agree 3 12

    I Moderately Disagree 4 16

    I Unaware 6 24

    Total 25 100

    INTERPRETATION:

    The table exhibits that 40% of the respondents totally disagree with the medical

    insurance scheme where as 24% of them are unaware of such provision. 8% of the

    respondents have strongly agreed where 12% of the respondents have moderately

    agree and 16% of the employee have moderately disagree.

    GRAPH 11

    Company employees covered with medical insurance scheme

    TABLE 12

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    12) Availability of housing loans to the employees

    Particulars Number of Respondents % of respondents

    I Strongly Agree 17 68

    I Strongly Disagree 5 20

    I Moderately Agree 3 12

    I Moderately Disagree 0 0

    I Unaware 0 0

    Total 25 100

    INTERPRETATION:

    It is clearly stated in the table that 68% of the total respondents strongly agree to

    the availability of housing loan. 20% of the respondents strongly disagree and 12%

    of the respondents moderately agree for the same.

    GRAPH 12

    Availability of housing loans to the employees

    TABLE 13

    13) Formation of co-operative society by the employees with the aid of company

    Particulars Number of Respondents % of respondents

    I Strongly Agree 14 56

    I Strongly Disagree 0 0

    I Moderately Agree 6 24

    I Moderately Disagree 2 8

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    I Unaware 3 12

    Total 25 100

    INTERPRETATION:

    In the table, 56% of the respondents have totally supported to the formation of the

    co-operative society with the aid of company. 24% and 8% of the respondents

    partially support and partially deny respectively. 12% of the respondents are

    unaware of this aid

    GRAPH 13

    Formation of co-operative society by the employees with the aid of company

    TABLE 14

    14) Allotment of sites to employees in special layouts of company

    Particulars Number of Respondents % of respondents

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    I Strongly Agree 4 16

    I Strongly Disagree 5 24

    I Moderately Agree 6 24

    I Moderately Disagree 5 16

    I Unaware 5 20

    Total 25 100

    INTERPRETATION:

    The table depicts that 32% of the respondents have been equally shared their

    opinion between complete agreement and partial disagreement for the allotment of

    sites to the employees in special layouts of companys. 48% of the respondents

    have shared their opinion equally for complete dissentient and partial agreement,

    while 20% of the respondents are not aware of the same.

    GRAPH 14

    Allotment of sites to employees in special layouts of company

    TABLE 15

    15) Appointment of sportsmen to represent companys sports club

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    INTERPRETATION:

    The table clearly states that 40% of the respondents partially agree as to the

    appointment of sportsmen to represent companys sports club. 24% and 16% of

    them entirely agree and entirely disagree respectively. 20% of them are not aware

    of the same.

    GRAPH 15

    Appointment of sportsmen to represent companys sports club

    TABLE 16

    16) Achievement of companys sports club in state and national level

    70

    Particulars Number of Respondents % of respondents

    I Strongly Agree 6 24

    I Strongly Disagree 4 16

    I Moderately Agree 10 40

    I Moderately Disagree 0 0

    I Unaware 5 20

    Total 25 100

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    INTERPRETATION:

    It is evident from the table that 60% of them have shared their opinion between

    complete denial, partial denial and unawareness of the achievement of companys

    sports club. 24% and 16% of the respondents have partial support and entire

    support to the same.

    GRAPH 16

    Achievement of companys sports club in state and national level

    TABLE 17

    17) Facility of fine arts club in company

    Particulars Number of Respondents % of respondents

    I Strongly Agree 0 0

    I Strongly Disagree 3 12

    I Moderately Agree 5 20

    I Moderately Disagree 2 8

    I Unaware 15 60

    Total 25 100

    71

    Particulars Number of Respondents % of respondents

    I Strongly Agree 4 16

    I Strongly Disagree 5 20

    I Moderately Agree 6 24

    I Moderately Disagree 5 20

    I Unaware 5 20

    Total 25 100

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    INTERPRETATION:

    The table exhibits that 60% of the respondents are totally unaware of the fine arts

    club in companys. 12% of them completely disagree, while 20% & 8% of them

    have partial agreement and partial disagreement respectively in this regard.

    GRAPH 17

    Facility of fine arts club in company

    TABLE 18

    18) Sponsorship for continuation of higher education provided to the employees

    Particulars Number of Respondents % of respondents

    I Strongly Agree 3 12

    I Strongly Disagree 10 40

    I Moderately Agree 4 16

    I Moderately Disagree 3 12

    I Unaware 5 20

    Total 25 100

    INTERPRETATION:

    The table states that 40% of the respondents have negative consent for this

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    sponsorship. 24% of the respondents have shared their consent to complete

    support and partial denial. 16% and 20% of them have partial positive responses

    and are not aware of the sponsorship respectively.

    GRAPH 18

    Sponsorship for continuation of higher education provided to the employees

    TABLE 19

    19) Provision of Leave Travel Concession facility to company employees

    Particulars Number of Respondents % of respondents

    I Strongly Agree 12 48

    I Strongly Disagree 2 8

    I Moderately Agree 8 32

    I Moderately Disagree 3 12

    I Unaware 0 0

    Total 25 100

    INTERPRETATION:

    The table depicts that 48% of the respondents completely support to the

    availability of Leave Travel Concession facility. 32% of them partially support the