SHIVAJI UNIVERSITY, KOLHAPUR BBA PROGRAMME 2024
CHAPTER NO. – 1
INTRODUCTION TO STUDY
SHRI VENKATESH MAHAVIDYALAYA, ICHALKARANJI PAGE No. .1
,SHIVAJI UNIVERSITY, KOLHAPUR BBA PROGRAMME 2024
Chapter : 1
1.1 INTRODUCTION TO STUDY
Human Resource Management was originally known as personnel or people
management. In the past, its role was quite limited. Within any company or
organization, HRM is a formal way of managing people. It is a fundamental part
of any organization and its management.
The main responsibilities of the personnel department include hiring,
evaluating, training, and c ompensation of employees. The human resources
department deals with any issues facing the staff in their working capacity
within an organization
Employee welfare is a term that encompasses a broad range of benefits
and services that an employer may offer to its employees. It can include things
like health insurance, dental insurance, vision insurance, life insurance,
disability insurance, 401(k) plans, and paid time off. Employee welfare can also
include things like on-site daycare, fitness centers, and subsidized meals.
welfare helps in keeping the morale and motivation of the employees high
so as to retain the employees for longer duration. Employee welfare includes
monitoring of working conditions, creation of industrial harmony through
infrastructure for health, industrial relations and insurance against disease,
accident and unemployment for the workers and their families.
Employee welfare, also known as staff welfare, refers to the services and
benefits provided by an employer for well-being of employees. It includes
healthcare, paid time off, and amenities. These services extend from physical to
mental health among employees, helping create an efficient and satisfied
workforce.
SHRI VENKATESH MAHAVIDYALAYA, ICHALKARANJI PAGE No. .2
,SHIVAJI UNIVERSITY, KOLHAPUR BBA PROGRAMME 2024
Staff welfare is one of the critical factors of employee retention. The higher the
salary for a position, the higher the costs to rehire and retrain a new employee.
There is also a correlation between employee welfare and higher productivity.
For example, Google discovered this correlation and provided numerous perks,
taking a lead on its competitors
An organization is a group of the people working together to reach the
common objectives placed before. Unless and until these employees are
coordinated and motivated the objectives can never be reached. To take the
suitable and full work from employees it is the must that these employees
should be satisfied in every aspect. Employees always work hard when they
fully satisfied with the facilities given by the organization and this itself decides
the profit of the organization.
Thus an attempt is made to study the view of employees towards their
company in VISHAL TEXTILES, ICHALKARANJI and hence the title is “A STUDY
OF EMPLOYEE WELFARE WITH SPECIAL REFERENCE TO VISHAL TEXTILES.”
1.2 TITLE OF THE STUDY
A study of “Employee Welfare” with special reference to “Vishal Textiles,
Ichalkaranji.”
1.3 OBJECTIVES OF THE STUDY
1) To enhance the level of morale of employees.
2) To create a loyal, contented workforce in organization.
SHRI VENKATESH MAHAVIDYALAYA, ICHALKARANJI PAGE No. .3
, SHIVAJI UNIVERSITY, KOLHAPUR BBA PROGRAMME 2024
3) To develop a better image of the company in the minds of the
employees.
4) To enable the workers to live comfortably and happily.
5) To derive and analyse the satisfaction level of the employees in the
company.
1.4 SCOPE OF THE STUDY
The scope of study of employee welfare encompasses various dimensions
aimed at improving the well-being of employees in the workplace. Here are
some key areas of focus:
1. Physical Welfare: This includes workplace safety, ergonomics, health
programs, and access to medical facilities. It examines how organizations
can create a safe and healthy working environment.
2. Mental and Emotional Welfare: Exploring mental health support, stress
management programs, and work-life balance initiatives. This area looks
at how employers can foster a supportive atmosphere that promotes
mental well-being.
3. Social Welfare: Analyzing workplace culture, team dynamics, and social
support systems. It considers how relationships among employees and
between employees and management impact overall job satisfaction.
4. Financial Welfare: Investigating compensation, benefits, retirement
plans, and financial education. This aspect focuses on how financial
security influences employee morale and productivity.
5. Career Development: Looking at training programs, career advancement
opportunities, and professional development resources. This area
SHRI VENKATESH MAHAVIDYALAYA, ICHALKARANJI PAGE No. .4
CHAPTER NO. – 1
INTRODUCTION TO STUDY
SHRI VENKATESH MAHAVIDYALAYA, ICHALKARANJI PAGE No. .1
,SHIVAJI UNIVERSITY, KOLHAPUR BBA PROGRAMME 2024
Chapter : 1
1.1 INTRODUCTION TO STUDY
Human Resource Management was originally known as personnel or people
management. In the past, its role was quite limited. Within any company or
organization, HRM is a formal way of managing people. It is a fundamental part
of any organization and its management.
The main responsibilities of the personnel department include hiring,
evaluating, training, and c ompensation of employees. The human resources
department deals with any issues facing the staff in their working capacity
within an organization
Employee welfare is a term that encompasses a broad range of benefits
and services that an employer may offer to its employees. It can include things
like health insurance, dental insurance, vision insurance, life insurance,
disability insurance, 401(k) plans, and paid time off. Employee welfare can also
include things like on-site daycare, fitness centers, and subsidized meals.
welfare helps in keeping the morale and motivation of the employees high
so as to retain the employees for longer duration. Employee welfare includes
monitoring of working conditions, creation of industrial harmony through
infrastructure for health, industrial relations and insurance against disease,
accident and unemployment for the workers and their families.
Employee welfare, also known as staff welfare, refers to the services and
benefits provided by an employer for well-being of employees. It includes
healthcare, paid time off, and amenities. These services extend from physical to
mental health among employees, helping create an efficient and satisfied
workforce.
SHRI VENKATESH MAHAVIDYALAYA, ICHALKARANJI PAGE No. .2
,SHIVAJI UNIVERSITY, KOLHAPUR BBA PROGRAMME 2024
Staff welfare is one of the critical factors of employee retention. The higher the
salary for a position, the higher the costs to rehire and retrain a new employee.
There is also a correlation between employee welfare and higher productivity.
For example, Google discovered this correlation and provided numerous perks,
taking a lead on its competitors
An organization is a group of the people working together to reach the
common objectives placed before. Unless and until these employees are
coordinated and motivated the objectives can never be reached. To take the
suitable and full work from employees it is the must that these employees
should be satisfied in every aspect. Employees always work hard when they
fully satisfied with the facilities given by the organization and this itself decides
the profit of the organization.
Thus an attempt is made to study the view of employees towards their
company in VISHAL TEXTILES, ICHALKARANJI and hence the title is “A STUDY
OF EMPLOYEE WELFARE WITH SPECIAL REFERENCE TO VISHAL TEXTILES.”
1.2 TITLE OF THE STUDY
A study of “Employee Welfare” with special reference to “Vishal Textiles,
Ichalkaranji.”
1.3 OBJECTIVES OF THE STUDY
1) To enhance the level of morale of employees.
2) To create a loyal, contented workforce in organization.
SHRI VENKATESH MAHAVIDYALAYA, ICHALKARANJI PAGE No. .3
, SHIVAJI UNIVERSITY, KOLHAPUR BBA PROGRAMME 2024
3) To develop a better image of the company in the minds of the
employees.
4) To enable the workers to live comfortably and happily.
5) To derive and analyse the satisfaction level of the employees in the
company.
1.4 SCOPE OF THE STUDY
The scope of study of employee welfare encompasses various dimensions
aimed at improving the well-being of employees in the workplace. Here are
some key areas of focus:
1. Physical Welfare: This includes workplace safety, ergonomics, health
programs, and access to medical facilities. It examines how organizations
can create a safe and healthy working environment.
2. Mental and Emotional Welfare: Exploring mental health support, stress
management programs, and work-life balance initiatives. This area looks
at how employers can foster a supportive atmosphere that promotes
mental well-being.
3. Social Welfare: Analyzing workplace culture, team dynamics, and social
support systems. It considers how relationships among employees and
between employees and management impact overall job satisfaction.
4. Financial Welfare: Investigating compensation, benefits, retirement
plans, and financial education. This aspect focuses on how financial
security influences employee morale and productivity.
5. Career Development: Looking at training programs, career advancement
opportunities, and professional development resources. This area
SHRI VENKATESH MAHAVIDYALAYA, ICHALKARANJI PAGE No. .4
