A STUDY OF WELFARE MEASURES AT FERTILIZER INDUSTRY

(With special reference to Kribhco fertilizer Surat)

A SYNOPSIS FOR PARTIAL FULFILLMENT OF THE DEGREE OF MASTER OF BUSSINESS ADMINSTRASION

Under the Supervision of Dr. Sanjeev Bhatnagar Deptt. of Business Studies

Submitted by Birendra-Singh M.B.A III Sem. Roll no:-107609

FACULTY OF SOCIAL SCIENCE DAYALBAGH EDUCATIONAL INSTITUTE DEEMED UNIVERSITY

DAYALBAGH, AGRA

INDEX
Introduction Literature Review Need Of Study Objective of Study Research Methodology Proposed Plan of Study Bibliography

Introduction
The growing attention that is being paid to labour problems at the present time is an indication of the increasing importance of the working class in the economic and social structure of modern communities. In as much as the working class, in the widest sense of the term, constitutes a substantial part of the national population, they are means, in terms, of their economic power, and the object of economic and social progress as well. Labour Welfare is one major aspect of national programmes towards bettering the lot of labour and creating a life and work environment of decent comfort for this class of population.

Welfare measures in an organization, as a movement began in the early years of industrial revolution especially in the Western Countries. In the present century, the growth of labour welfare is to a great extend due to growth of industrialization and acceptance of modern techniques. Modern welfare concepts have been the outcome of the movement for better and more efficient management in industry including human angle. The all-round acceptance that the concept of labour welfare has mainly due to

1. The need to provide a better life for the workers was dictated by the necessity to maintain the goodwill of the large rather freshly recruited labour force to gear them to increased production. 2. The industrial expansion and the concomitant process of mass production and mass selling lead to the working classes as a source of power. Steps to promote labour welfare where a direct recognition of the new situation. 3. There was also the influence of the researchers into scientific management and industrial psychology, which presented abundant evidences on the importance of worker as a human being and a total personality.

4. It has been a matter of public and government concern, especially in the economically less developed countries, over the amelioration of the working and living conditions of industrial workers, and measures in this regard, were being taken in many countries as an aspect of national policy. The general acceptance that labour welfare has found at the present time has been preceded by a gradual evolution in different directions in different countries. Organised labour was suspicious of it as evidence of paternalism and welfare work obtained the sympathy of labour not until the content of welfare work had become integrated into the management structure and the term itself with its disagreeable connotations was discarded. The aim of Welfare work is manifold; it is partly humanistic since it enables the workers to enjoy a richer and fuller life by providing them those amenities and conveniences of life, which they themselves cannot provide. Then it is partly economic, since it improves the efficiency of labour, increases its availability where it is scarce or helps to secure a better class of worker, if it is not scarce and by keeping the workers contented and it minimizes the chances of industrial strife. The other aim is partly civic, since it develops a sense of responsibility and dignity among the workers and thus makes them worthy citizens. However, the motives and purposes which have prompted the adoption of welfare measures have varied from time to time and place to place ranging from altruistic to paternalistic and from utilitarian to ethical. Some of the main motives and purposes are enumerated hereunder: -

Literature Review
Title: Incentives, Compensation, and Social Welfare

Publication Year: 1984 Author(s): Margaret A. Meyer; Dilip Mookherjee Alternative reward structures under conditions of moral hazard are analyzed from a social welfare standpoint. We argue that social welfare judgements under uncertainty should incorporate ex post judgements; in particular, a distribution-sensitive planner should have a preference for positive affiliation of individual ex post utilities. A genuine conflict between distributional preferences and the need to provide effort incentives then arises. The welfare implications of tournaments and individualistic contracts are compared in a context of independent production uncertainties. Welfare optimal reward structures are analyzed in a fairly general setting, and compared to optimal compensation schemes in a capitalist firm. The analysis throws light on the welfare properties of competition and the sense in which it is overrepresented in a capitalist firm.

Title:

Bridging the Culture Chasm: Ensuring that Consumers are Healthy, Wealthy and Wise

Publication Year: 2006 Author(s): Donnel A. Briley; Jennifer L. Aaker The paper pulls together streams of culture-related research found in information processing and behavioural decision theory literatures, and complements them with a focus on motivations and goals. We propose a framework that suggests that (a) the treatment of culture is useful when it incorporates subcultures, including those defined by nationality, ethnicity, religious affiliation, and neighbourhood or local surroundings, (b) goals are determined by both cultural background and situational forces, and (c) via its impact on goals, culture influences the inputs utilized in a decision, the types of

options preferred and the timing of decisions. Implications of the framework are highlighted for two policy domains, health and savings/spending. We suggest that consumers goal orientations can provide a useful segmentation dimension, and carve out specific tendencies that appear to vary across cultural contexts (e.g., satisfying, goal shifting, reactivity). A deeper consideration of consumer goals and the role played by culture in individual decision making can inform policies seeking to improve the quality of consumers decisions and ultimately consumer welfare. Published In: Journal of Public Policy & Marketing; Spring 2006, Vol. 25 Issue 1, pp. 53-66

Title: - Welfare Reform Bill - reform of disability benefits, Housing Benefit, and other measures
Publication Year: 2010-11 Authors: Tim Jarrett, Social Policy Section Steven Kennedy, Social Policy Section Wendy Wilson, Social Policy Section

The Bill proposes a number of other significant welfare reforms, including: 1 1) introducing Personal Independence Payments to replace the current Disability Living Allowance (DLA); 2 2) restricting Housing Benefit entitlement to social housing tenants whose accommodation is larger than they need; 3 3) up-rating Local Housing Allowance rates by the Consumer Prices Index; 4 4) amending the forthcoming statutory child maintenance scheme; 5 5) time-limiting the payment of contributory Employment and Support Allowance to twelve months; and, 6 6) Capping the total amount of benefit that can be claimed.

Need Of Study

To know the various welfare measures used in the fertilizer industries and motivation of employees towards their work and effect on the productivity of the company. Welfare measures required to increase in productivity, drive or arouse a stimulus work, enhance commitment in work performance, psychologically satisfy a person which leads to job satisfaction, shape the behavior or outlook of subordinate towards work, inculcate zeal and enthusiasm towards work, get the maximum of their capabilities so that they are exploited and utilized maximally

Objective of Study
Welfare activities in the fertilizer Industry. The objective of the study will be:

To find out the awareness of welfare schemes in kribhco. To know the gaps between factory provisions of factories act and welfare schemes adopted by kribhco.

Research Methodology
DATA

For the purpose of the study the data will be collected through primary and secondary information sources.

Primary data The primary information will be based on QUESTIONNAIRE INTERVIEW

Secondary data. Secondary information will be based on published informations BOOKS MAGAZINES JOURNAL NEWS PAPERS INTERNET WEBSITES ANNUAL REPORT of KRIBHCO.

RESERCH INSTRUMENTS Selected instrument for data collection for survey is questionnaire.

QUESTIONNAIRE DESIGN FORMULATION Under this method, list of questions pertaining to the survey will be prepared for staff of fertilizer industry ltd. Questionnaire will be structured type questions. QUESTIONNAIRE A questionnaire consists of a set of questions presented to respondent for their answers. It can be close ended or open ended. Open ended:-allows respondents to answer in their own words & are difficult to interpret and tabulate. Close ended: - Pre specify all the possible answer & are easy to interpret and tabulate. TYPES OF QUESTIONS INCLUDED

Dichotomous Questions: - Which has only two answers Yes or No. Multiple choice Questions: - the questions have more than one alternatives.

SAMPLING UNIT Who is to be surveyed? The H.R. researcher must define the target population that will be sampled. The sample unit taken by me , permanent workers of Kribhco.

EXTENT Where the survey should be carried out? I have covered entire Kribhco factory and township area.

SAMPLING TECHNIQUE In the project sampling is done on the basis of probability sampling. Among the probability sampling design chosen is stratified random sampling. Because in this survey I had stratified the sample in different groups.

SAMPLING SIZE 100 1 2 3 4 5 6 7 8 H.R. Finance

PRODUCTION PURCHASE UREA-1 UREA-2 BAGING PLANT TENICAL LAB Total

15 15 15 15 10 10 10 10 100

DATA PERIOD

20010-2011

PROPOSED PLAN OF STUDY

Introduction Review of literature

Welfare measures. Profile of selected company. Analysis of Data Conclusion & Finding

bibliography

KRIBHCO News KRIBHCO Pragati Annual Report of Kribhco PERSONAL Manual

Websites:
www. kribhco.net www. kribhco.org www. kribhcoindia.com www.kribhcosurat.com www. google.serch engine www.Scribd.com http//papers.ssrn.com www.kri.org.in www.economictimes.indiatimes.com