A

DISSERTATION REPORT

On

Comparative study on hiring strategy adopted by Awareness and Effective

Ulitization of ESIC Benefits

SUBMITTED IN TOWARDS PARTIAL FULFILLMENT OF THE

REQUIREMENT FOR THE AWARD OF DEGREE

“ BACHELOR BUSINESS ADMINISTRATION”

FROM

H.N.B GRAHWAL CENTRAL UNIVERSITY ,

SRINAGAR , UTTARKHAND

SUBMITTED TO SUBMITTED BY

Ms. AKANKSHA RAWAT URVASHI KUMAR

ASSISTANT PROFESSOR BBA VI Sem.

DIMR HR

DOON INSTITUTE OF MANAGEMENT AND RESEARCH

9TH Milestone, Rishikesh Haridwar Highway,

Dehradun -249204 ( Uttarakhand )

DECLARATION
 ACKNOWLEDGEMENT

I would like to acknowledge and thank the following important people who
have supported me not only during the course of the dissertation , but the
throughtout my bachelor’s degree.

Firstly , I would like to express my gratitude to my supervisor Ms. Akanksha

Rawat for her unwavering support , guideline and insight throughtout this
dissertation this dissertation file.

I would also like to thank my HOD Mrs. Ashu Chanchal . Without access to her
network this research would not have been possible.

And finally, I would like to thank all close friends and family. You have all
encouraged and believed in me. You have all helped me to focus on what has
been a hugely regarding and enriching process.
 REVIEW LITERATURE

1] Monga, M.L. (1984) focused on the social security legislation and

analyzed the Employees State Insurance Act, 1948 and Employees
Provident Funds and Family Pension Fund Act 1952.

2] Punekar S.D., Deodhara S.B. and Saraswati Sankaran (1984)

analyzed the social security measures in India. They stated that
Employees’ State Insurance and Employees Provident Fund Scheme
were the most important Acts giving the maximum coverage of social
security.

3] Sadasivan Nair (1988), Senior Personnel Manager, Malayala

Manorama Daily, Kerala, said before the General Purposes Sub-
Committee of the ESIC on Kerala visit that the employees were not
interested in the ESI Scheme as the quality of benefits is poor.

4] Kusum Prasad (1988), the former Director General of the

Employees State Insurance Corporation who visited ESI hospitals in
Kerala was shocked at the insufficiency of specialists and gross
under-utilisation of capacity in the ESI hospitals. She expressed her
displeasure at the mode of spending money provided by the
Corporation to the State Government.
 5] K.V. Rajappan Nair (1988), Director ESIC, Regional office,
Trichur, Kerala, commented that the level of utilization of physical
infrastructure available in various hospitals and dispensaries under the
ESI Scheme, Kerala is very low due to factors such as increased
administrative expenses per insure person, non-availability of
specialists and non- availability of any arrangements for availing the
services of qualified known part-time specialists. Even the equipment
provided in the hospitals is not being maintained properly, thereby
causing difficulties in providing better services to the ESI insured
persons.
 CHAPTER -1
INTRODUCTION
 AWARENESS AND EFFECTIVENESS ULITIZATION
OF ESI BENEFITS

Employees State Insurance Act 1948

Introduction:
The Employees State Insurance Act, 1948 is beneficial and social legislation. Its
main aim is to provide economic security to people who work in certain
factories and establishments. It provides for payment of benefits to workers in
cases of sikeness , maternity , injury, ect.
 AWARENESS AND EFFECTIVENESS ULITIZATION OF
ESIC
In the first place the ESIC plan was at first propelled on second February 1952
at only two modern focuses on the nation in particular Kanpur and Delhi with
an all-out inclusion of about 1.20 lakh laborers. Thereafter the plan was
executed in a staged way the nation over with the dynamic inclusion of the state
governments. The announcement of the ESI Act by the Parliament in 1948 was
the essential critical authorization on institutionalized reserve funds for pros in
India. The Act envisions protection to workers in the made zone on record out
of confusion, maternity and end or powerlessness as a result of harm at work. In
perspective on the standard of pooling of risks and resources, this restorative
inclusion plot gives remedial workplaces to beneficiaries and cash
compensation for loss of wages or picking up cutoff while in organization. The
ESI Act applies to non-intermittent generation lines or gathering units using at
any rate ten people in a power using plant and in any event twenty people in a
non-control using assembling plant. Delegates pulling in wages of up to Rs.10,
000 consistently (as on Jan 2009) are at present equipped for a therapeutic
inclusion plot. In any case the compensation rooftop with the true objective of
consideration is changed occasionally. To extend the consideration the ESI Act
has furthermore been extended a little bit at a time to various establishments, for
instance, shops, lodgings and restaurants, road and motor transport attempts,
paper establishments and film halls. The ESI Act in any case, isn't relevant to
generation lines or establishments continued running by the State
Governments/Central Government whose specialists get other institutionalized
investment funds benefits. Under the ESI contrive, agents contribute 1.75% of
their wages and the organizations contribute 4.75% of the wages of qualified
beneficiaries/laborers towards premium portions. Agents winning not as much
as Rs. 50 consistently are exempted from duty towards premium portions. The
duties made by the delegates and the organizations are spared in an average
pool known as the ESI Fund, which is used for social occasion administrative
costs similarly as cash and wellbeing points of interest to protected individuals
(IP) and their wards. The state governments, as indicated by the ESI Act,
contribute 12.5% of the all utilization (inside the per capita top of Rs.1000 per
annum) obtained by the ESIC on therapeutic thought specifically states.
 BENEFITS OF ESI

1] Medical benefits

2] Sickness benefits

3] Maternity benefits

4] Disablement benefits

5] Dependents benefits

6] Funeral benefits

1] Medical benefits :-
For self and family
members from the date of
entry of insured person so
long as in employment and
there after for certain
additional periods is till
end of the benefit period.

2] Sickness benefits :- 91
days in any two consequentive
benefits periods (50%of standard
benefits) 124 days which may be extended to 309 days in case of TB , leprosy
etc during a

period of 3 years. (25%above the Std benefits ) 7 days for vasectomy and 14
days for tubectomy. (Twice Std benefits) No benefits for the first two days .
(waiting days) .

3] Maternity benefits :- It
is payable for three months
for Confinement / pregnancy
which is extendable further
for one month on medical
advice at the rate of full
wages subject to contribution
for 70 days in the preceding
year.

4] Disablement benefits :- From the day of entering insurable work and

autonomous of having paid any
responsibility, 90% of pay is payable to
the extent that ephemeral
powerlessness continues. Enduring
disablement bit of leeway is payable at
the rate of 90% of pay as consistently
planned portion, if there ought to
emerge an event of interminable
disablement reliant on the level of
loss of picking up point of
confinement as affirmed by a Medical
Board.
5] Dependents benefits :- Ward favorable position is paid at the rate of
90% of pay as normally booked portion to
the wards of a terminated ensured
individual, in cases downfall happens as a
result of work harm or word related dangers.

6] Funeral benefits :- Rs. 2500/- be paid immediately by ESIC to meet the

funeral expenses of Insured person.
 CHAPTER -2
RESEARCH
METHODOLOGY
DATA
 RESEARCH METHODOLOGY DATA
The data used for the study is exclusively secondary in nature which comprises
the following :

1.

RESEARCH DESIGN

Meaning

It is a logical and systematic plan for directing a research study, the methodology and
techniques to be adopted for achieving the objectives.

Research Design refers to "framework or plan for a study that guides the
collection and analysis of data". A typical research design of a company
basically tries to resolve the following issues:

· Determining Data Collection Design

· Determining Data Methods
· Determining Data Sources
· Determining Primary Data Collection Methods
· Developing Questionnaires
· Determining Sampling Plan

DATA COLLECTION

Data Sources:

1] Primary Data : through Questionnaire: Structured questionnaire was administered to the

sample respondents. A primary source is anything that gives you direct evidence about the people,
events, or phenomena that you are researching. Primary sources will usually be the main objects of
your analysis.
If you are researching the past, you cannot directly access it yourself, so you need primary
sources that were produced at the time by participants or witnesses (e.g. letters,
photographs, newspapers).

If you are researching something current, your primary sources can either be qualitative or
quantitative data that you collect yourself (e.g. through interviews, surveys, experiments) or
sources produced by people directly involved in the topic (e.g. official documents or media
texts)

2] Personal Interaction

3] Secondary Data: It was collected with the help of brochure, few journals and internet.

Reference was also made to the website of the company. A secondary source is anything that

describes, interprets, evaluates, or analyzes information from primary sources. Common

examples include:
1] Books, articles and documentaries that synthesize information on a topic
2] Synopses and descriptions of artistic works
3] Encyclopedias and textbooks that summarize information and ideas
4] Reviews and essays that evaluate or interpret something
When you cite a secondary source, it’s usually not to analyze it directly. Instead, you’ll
probably test its arguments against new evidence or use its ideas to help formulate your own.
 CHAPTER -3
DATA ANALYSIS
AND
INTERPRETATION