A STUDY ON EMPLOYEE WELFARE SCHEMES AND ITS IMPACT ON LEVEL OF SATISFACTION, SCHAEFFLER INDIA PVT LTD.,HOSUR.

Abstract

ABSTRACT: This paper describes Employee welfare through various services, benefits, and facilities offered to employees by employers.  This includes items such medical insurance, loan and food. Employee welfare also includes monitoring of working conditions, creation of industrial harmony through infrastructure for health, industrial relation, and insurance against disease, accident, and unemployment for the workers and their families. It helps in maintaining the morale and motivation of the employees high to retain the employees for longer periods. The primary purpose of undertaking employee welfare measures is to earn and retain the goodwill and loyalty of the employee and their unions. The sample size is 50 and the Random sample method is used. Thus, employee welfare measures are not a one-time activity it is an ongoing process of the organization. The main objective is to know the welfare facilities provided to the employees in "Schaeffer India Pvt. Ltd. The objective of the study is to identify the benefits and the problems in welfare facilities provided to employees in the company and to study the level of satisfaction towards the present welfare facilities provided to employees. The hypothesis showed that there is no significant relationship between gender and benefits in welfare facilities.