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Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
Project on welfare faculty provided to employees by bank of india
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Project on welfare faculty provided to employees by bank of india

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Project on welfare faculty provided to employees by bank of india

Project on welfare faculty provided to employees by bank of india

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  • 1. Projectsformba.blogspot.com PROJECT REPORT ON“WELFARE FACILITY PROVIDED TO EMPLOYEES BY BANK OF INDIA “ SUBMITTED IN PARTIAL FULFILLMENT OF REQUIREMENT FOR THE AWARD OF IN DIPLOMA IN BUSINESS MANAGEMENTTO RASHTRASANT TUKDOJI MAHARAJ NAGPUR UNIVERSITY, NAGPUR FOR THE ACADEMIC YEAR 2009-10Projectsformba.blogspot.com
  • 2. Projectsformba.blogspot.com INDEXSR. NO CHAPTER PAGE NO Executives summary 1 Introduction 2 Bank of profile 3 About welfare facility 4 Research Methodology 5 Data analysis and tabulation 6 Observation and conclusion 7 Bibliography 8 Questionnaire.Projectsformba.blogspot.com
  • 3. Projectsformba.blogspot.comEXECUTIVE SUMMERYWelfare means faring or doing well. It is a comprehensive term, and refers to thephysical, mental, moral and emotional well-being of an individual. Further, the termwelfare is a relative concept, relative in time and space. It therefore, varies from time totime, region to region and from country to countryBank of India is one of the premier banks in the country providing welfare facility inaddition to a good salary. Bank is spending lot of money on the employee welfare. Theexpenses spent by the organization are less in return to the benefits which it receivesfrom the employee’s hard work. Welfare facility provided by organization is unique forall the employees. The only difference is that the top level officers receive someadditional facility along with routine one.With the help of the project on attempt is made to study the welfare measure providedto employees. What is the procedure, time required for sanctioning welfare facility andsuch other basis policies of the organization.The study is based on the information collected from respondent through questionnaire.The data analyzed is presented in the form of graphs and on the basis of that conclusionare made. In the last, the required suggestions are given.After analyzing the data it is found that the employees are satisfied with the welfarefacilities provided to them by the bank.Projectsformba.blogspot.com
  • 4. Projectsformba.blogspot.comCHAPTER 1: INTRODUCTIONWelfare is based concept employees welfare is a comprehensive term including variousservices, benefits and facilities offered by the employees thought such a generous fringebenefits the employers makes life worth living for employees the welfare amenitiesextend in addition to normal wages & other economic rewards available to employees asper the legal provision.The various welfare measures provided by the employees will have immediate imparton the health, physical & mental efficiency, alertness, moral & overall efficiency of theworkers & there b contribution to the highest productivity.Welfare measures may also be provided by the government trade unions, and non-government agencies in addition to the employer. The basics purpose of welfare facilityis to enrich the life of employees and keep them happy and contended.1) SCOPEThe labor investigation committee- anything done for intellectual physical, moral andeconomic betterment of the workers, weather, by employers or government or otheragencies over and above what is normally expected on the part of the contracted benefitsfor which workers may have bargained.The committee on labour welfare- today, welfare is generally accepted by employers.The state steps into widen the area of the applicability only. Welfare is being looked at associal right of workers. The committee described it as a social security measures thatcontribute to improve the condition under which workers are employed in India. (1969report) labour welfare includes both statutory as well as non statutory activitiesundertaken by the employers, trade union & both the central & state government for thephysical & mental development of workers.Projectsformba.blogspot.com
  • 5. Projectsformba.blogspot.com2) IMPORTANCEThe benefits are of great importance to the worker which he is unable to secure byhimself. The scheme of labour welfare may be regarded as a wise investment becausethese would be the profitable returns in the form of great efficiency.The working environment in a factory adversely affects excessive heat or cold, noise,fumes, dust or lack of sanitation and pure air. Such oppressive conditions create healthproblems for workers. These have to be contained through preventive steps aimed atimproving the lot of workers.Another reason in fovar of welfare work is called as social invasion of the factory.Workers fare lot of adjustment problem where they take up factory work. The longestenvironment, noisy machines, Slum area. To escape from such trying condition, theworker signs of indiscipline. Such changes known as the social invasion of the factory,call for extra inducements in the workplace. In addition to normal wages, so that theworkers begin to enjoy a fuller and richer life.3) OBJECTIVES OF THE WELFARE PROGRAMMESThe important objectives of the welfare are. 1) To boost up employees moral 2) To motivate the employees by identifying and satisfying these unsatisfied needs. 3) To provide qualitative work environment and work life 4) To provide security to the employees against social risks like old age benefits and maternity benefits 5) To protect the health of the employees and to provide safety to the employees against accidents 6) To create a sense of belongingness among employees & to retain them. Hence, fringe benefits are called golden.Projectsformba.blogspot.com
  • 6. Projectsformba.blogspot.com4) TYPES OF WELFARE FACILITYWelfare service may broadly be classified into two categories 1) Intramural activities which are provided within the establishment such as latrines & urinals, crèches, rest centers, canteens, uniform, library, medical aid, subsidized food, shift allowance etc. 2) Extramural activities which are undertaken outside the establishment such as family planning, child welfare, co-operative stores, credit societies, vocational guidance, holiday hams, leaves travel facilities, transport to and from the place of work etc.INTRAMURAL & EXTRAMURAL WELFARE ACTIVITIESIntramural ExtramuralDrinking water HousingToilet Educational FacilityCrèches Maternity benefitWashing & bathing facility TransportationRest shelter Sport facilityUniform & protective clothing Leave travelRecreation facility Vocational trainingCanteen Holiday homesSubsidies food Co-operative storesMedical aid Fairprices shops Social insuranceLabour welfare may also be divided into two categories 1) Statutory welfare work comprising the legal provision in various pieces of labour legislation 2) Voluntary welfare work includes those activities which are undertaken by employers for there worker voluntarily. Many employers, nowadays, after the following welfare amenities voluntarily1) EDUCATIONA scheme of worker’s education was envisaged on an all India basis by the governmentof India, way back in 1957. After assessing the scheme, the National Commission onProjectsformba.blogspot.com
  • 7. Projectsformba.blogspot.comlabour, 1969 (NCL), felt that the scheme is not protect and requires improvement thecommittee on labour welfare (CLW), 1969, recommended that trade union shouldassume on active role in educating workers and run schools for promoting literacyamong the children of workers. To be effective, the programme of workers educationshould be formulated administered and implemented by the trade union themselves.Education facility for workers children are usually in industrial town ship in the form ofschool, college set up by the government or by employers. Many employers so far havebeen generous in meeting the cost of books; annual fee etc, on a voluntary basis, there isno statutory obligation in respect of education for workers children in any industryexcept in plantation.2) HOUSINGAn industrial housing scheme was introduced in 1952 under this scheme; the centralgovernment offers loans to industrial workers for constructing houses at concessionalrate. The low income group housing scheme (1954), subsidies housing scheme foreconomically worker section of society (1952), rural house-site-cum-hut constructionscheme for landless workers (1971) has also been introduced to reduce the housingshortage to workers.3) TRANSPORTATIONThe committee and worker labour welfare, 1969 recommended the provision oftransport facility to workers so that they can reach the workplace punctually andcomfortable.4)RECREATIONThrough there is no statutory stipulation in this area progressive employers both in thepublic and private sector consciously offered facility for recreation sports and culturalactivities for example- companies like NIIT and TISCO have appointed a chief funofficer to take care of parties and functions held on every Friday. In addition to holidayProjectsformba.blogspot.com
  • 8. Projectsformba.blogspot.compackages, dating allowances, anniversary, birthday gift, games and competition andweekend & eating session.5)OTHER FACILITYThese are basically intended to improve the comfort level of workers while at work &include the following  Canteen, restroom and lunchroom  Washing facility, medical aid, leaves travel  Consumer cooperative stores.CHAPTER 2: PROFILE OF THE BANKBANKING SYSTEMProjectsformba.blogspot.com
  • 9. Projectsformba.blogspot.comWithout a sound and effective banking system in India it cannot have a healthyeconomy. The banking system of India should not only be hassle free but it should beable to meet new challenge posed by the technology and any other external an internalfactors for the past three decades India’s banking system has several outstandingachievement to its credit. The most striking is its extensive reach. It is no longer confinedto only metropolitan or cosmopolitan in India. In fact, Indian banking system hasreached even to the remote corner of the country. This is one of the main reasons ofIndia’s growth process.The Bank of India was founded in 7th sep 1969 now, Bank of India ,is a body corporateconstituted under the banking companies act, 1970, which its head office at star house,plot no C-5,G block, Bandra-Kurla Complex, Bandra East. Mumbai -400051. The bank isdoing the business of banking which means the accepting of deposits for the purpose oflending or investment, of deposit of money from the public, repayable on demand orotherwise, withdrawal by cheque, draft, order or otherwise in addition to the business ofbanking bank is also engaged in other forms of business as contemplated under sec 6(1)of the Banking Regulation Act, 1949. [The government of India come up with theBanking Companies Act,1949 which was later changed to Banking Regulation act 1949as per amending Act of 1965 Reserve Bank of India was vested with extensive power forthe supervision of banking in India as the central banking authority. ]The Bank of India has undergone various phases in its growth path over the last onehundred years the “Growth of Bank of India was phenomenal, especially afternationalization in the year 1969 attaining the status of a national level player in term ofgeographical reach.Today, BOI occupies a premier position in the committee on Indian banks, emerging asthe largest nationalization Bank of India in terms of aggregates business volume for2008-09 with an unbroken record of profits since its inception, BOI continuous itswinning performance in a year of Accolades & Awards.Projectsformba.blogspot.com
  • 10. Projectsformba.blogspot.comACCOLADES & AWARDSNDTV profit business leadership awards 2008- Best PSU bankBT-KPMG best bank study- India’s best bankD & B-Rolta corporate Award 2008-Top Indian companiesCIO green IT awards“The Most Trusted Brands” (MTB) 2009 as followsNDTV profit business leadership Awards -2009- best PSU bankOutlook money NDTV profit award-2009- best education loan provider-runner upOver the years, the bank has been improving the market position to emerge as a major“financial conglomerate” with as many as nine subsidiaries/ sponsored institutions/joint venture in India and abroad. The bank has a pan India presence, with over 2672branches across all geographical segment & 337 bank’s ATMs & also including cover12500 networked ATMs in India & bank has also providing internet & mobile bankingservices and most of the branches offering ‘Anywhere Banking’ services.BOI has made a distinctive marks in various corporate social responsibility, namely,serving, national priorities, promoting rural development, enhancing rural selfemployment through several training institutes, spearheading financial inclusionobjectives etc. in fact deeply rooted in the banks founding principles “A good bank is notonly the financial heart of the community, but also one with an obligation of helping inevery possible manner to improve the economic condition of the common people”.These insightful words of the founder continue to resonate even today in serving thesociety with a purposeThe bank strongly belives that the next century is going to be equally rewarding andevenful not only in service of the nation but also in helping the bank emerge as a “globalbank with best practices”. This justifiable belief is founded on strong fundamental,customer centricity, enlightened leadership and a family like work culture.VISIONProjectsformba.blogspot.com
  • 11. Projectsformba.blogspot.comTo emerge as a best practice bank by pursuing global benchmarks in profitabilityoperational efficiency, asset quality, risk management & expanding the global reachMISSIONTo provide quality banking services with enhance customer orientation, higher valuecreation for stakeholder & to continue as a responsive corporate social citizen byeffectively blending commercial with social banking.BANKING SCHEME1) STAR DHANVANTARI SUVIDHA SCHEMEProjectsformba.blogspot.com
  • 12. Projectsformba.blogspot.comLoan for the medical professional to set up now clinic, expansion of existing clinic,purchase of equipment, etc. up to Rs.50 lakhs, payable in EMIs within 7 years2) PRIYADARSHANI YOJNAScheme for all types of women entrepreneur engaged in economic activities such asmicro and small entrepreneur, artisans, professional & self employed, including for thepurpose agriculture and higher education. We offer concessional rate of interest up to11, on the application rate, besides other relaxed term/ condition.3) SCHEME FOR TAX RETURN PREPARERA new scheme introduced with a view to providing employment to educated youth whoare trained as tax return prepares. One can avail loan up to Rs.75,000/- with relaxedterm/ condition4) STAR LAGHU UDYOG SUVIDHABorrowers whose unit enjoys limits in excess of Rs.10 lacs and having net profit at leastduring the last 8 years and annual turnover in excess of Rs.50 lacs, are eligible for anadditional advance facility of 50% of the regular limits enjoyed, subject to maximumRs.50 lacs, to meet temporary liquidity constraints.5) NORMAL GRAM YOJNAAs a part of our corporate social responsibility, our bank has launched rural sanitationscheme to provide civic and personal lygines facility by providing assistance forconstruction of low cost toilet in rural areas. Our banks has so far sanctioned 24364 ruralhousehold for construction of toilets and ensured 100% sanction in 312 villages in thestate of Maharashtra. The outstanding under the scheme is Rs. 15.02 crore.6) JANASHREE BIMA YOJANAProjectsformba.blogspot.com
  • 13. Projectsformba.blogspot.comJanashree Bima Yojana, a death-cum-disability insurance scheme for the member of selfhelp women group credit linked to the bank is being implemented. It provides lifeinsurance cover to the rural and urban poor person living below poverty line andmarginally above poverty line. Additionally a scholarship allowance (Under ShikshaSahyog Yogana) is also available to the children of the members of women SHG. Thestandard will get scholarship of Rs.600/- per half year per child for a maximum periodof 4 years. The bank has signed move with LIC to implement the scheme through ourbrands upto 30.06.2009. Bank has covered 52410 women 8 HG members under JanashreeBima Yojana.7) SCHEME FOR SOLAR WATER HEATERSSolar water heater with both flat plate or evaluated tubular collectors (of the size) forany end users such as individual, institutions, non commercial organizations/commercial organization (hotel, hospital, etc) financing up to 85% of the lost of theproject. The equipment has to be purchased fromB) DEPOSITED SCHEME1) STAR SURAKSHA SAVING BANKS DEPOSIT SCHEME:-An unique account for individual (excluding NRI) with host of benefit includingaccidental death benefit and one DD free of cost every month which helps to remitmoney to our door once every month. The minimum balance is kept at Rs.500/-2) STAR BENEFIT CURRENT DEPOSIT SCHEMEA unique product for every one especially for trader & manufactures with 2 tree DDs ina month. This helps in purchasing goods/ row material and facility of depositing chequeat any branch of BOI having BOI Br. For its clearing at question through banks starspeed cheque collection scheme free at cost which save time as well as cost. Theminimum AQB is kept at Rs.5000/-3) STAR SAVING PLUS: - (PRIVILEGE CUSTOMER)Projectsformba.blogspot.com
  • 14. Projectsformba.blogspot.comConvenience of saving account and return of fixed deposit star saving plus offer a hostof benefit in a minimum balance of just Rs.25,000 in SB and Rs.5000 in TD4) DEPOSIT SCHEME FOR GLOBAL INVESTOR/ NRI/ PIO’SYield enhancing scheme products for global Investor/ NRI’s/PIO’s available.5) STAR SUPREME FLOATING RATE DEPOSIT SCHEMEFor high net worth individual firm, companies, society, trusts & other corporate bodies,deposit of minimum amount Rs.5 lakh for a lenure of 91 days to 5 years will earnvariable interests. We also have other regular host of demand & time deposit scheme atthe most competitive rates yealding high returns.C) BANK LOAN SCHEME1) STAR EDUCATION LOANThe student of Indian nationality having good academic record who has securedadmission to professional/ technical course in India or abroad.2) STAR HOME LOANFor construction/ purchase of house/ flat Rs.300 lakhFor repairs/ renovation/ extension/ addition Rs.20 lakhFor purchase of plot Rs.30 lakh3) STAR PENSION LOAN For regular pensions or family pensions drawing regular monthly pension throughbank.D) OTHER SERVICESProjectsformba.blogspot.com
  • 15. Projectsformba.blogspot.com1) STAR POWER SALARY ACCOUNTS SCHEMEFor the employees of institutions with 25 or more employees in the net salary brackets ofRs.10, 000 per month or more2) INTERNATIONAL DEBIT CUM ATM CARDFor the saving current and overdraft account holder who are authorized to operate openthere account singly3) PENSIONS CREDIT CARDFor all principle pensioners during pension through Bank of India branches who arebelow the age of 70 years. Pensioners include state, central, military/ defense, banks,railway pensioners, family pensioners are not eligible.4) PENSION DELIVERY AT DOORSTEPBank of India introduced a friendly initiative for the convenience of pensioner. Pensiondelivery to the pensioner to be made at their place of residence through post offices.5) ONLINE BANKING SERVICESA) STAR CONNECT INTERNET BANKINGa customer friendly facility available free of cost to all the retail and corporate customerof cover 1200 care banking solution and multi branch banking enabled branches. Theservice provide to across your account in one or more branches under a single login.B) ONLINE BOOKING OF INDIAN AIRLINES TICKETSTravel ticket booking made easy. Customers can select there flight, provide necessarydetails and pay through internet banking.BANKS SUBSIDIARIES/ ASSOCIATEDProjectsformba.blogspot.com
  • 16. Projectsformba.blogspot.comREGIONAL RURAL BANKS (RRBS)Regional Rural Banks sponsored by our banks in 45 districts in the state of M.P., Orissa,Gharkahnd & MaharashtraBOI SHAREHOLDING LTDA joint venture with Bombay Stock Exchange to manage the BSE clearing house activitySECURITY TRADING CORPORATION OF INDIA LTDBank is the single largest stakeholder with 29.95% stake in its equityBANK OF INDIA (TANZANIA LTD)The wholly owned subsidiaries was incorporated on 16.07.07 first branch of thesubsidiary was opened in Das-es-salaam on 22.04.08CHAPTER 3: ABOUT WELFARE FACILITYProjectsformba.blogspot.com
  • 17. Projectsformba.blogspot.comBOI provide the following welfare facility to their employees . 1) Canteen 2) Housing rent allowance 3) Holiday home 4) Reimbursement of educational benefit 5) Good working condition 6) Reimbursement of expenses towards medical check-up 1) CANTEEN A good and well maintained canteen facility is available at the bank premises, for employees. Also foodstuff are supplied at subsidized prise in canteen 2) HOUSING RENT ALLOWANCE BOI is provide cheap & recent house rent allowance facility to there employees and also bank average for housing loan to employees and encourage them to construct house. 3) HOLIDAY HOME BOI established holiday homes at a number of hill station, health resort & other countries with low charges of accommodation, so as to encourage employees to use this facility for rest in a salubrious environment. 4) REIMBURSEMENT OF EDUCATIONAL BENEFIT The scheme is intended to reimburse educational expenses incurred by employees for educating his/ her children and/or by self for persecuting higher studies. 5) GOOD WORKING CONDITIONProjectsformba.blogspot.com
  • 18. Projectsformba.blogspot.com working condition in bank are excellent the environment is neat and clean everywhere & at, premises gardening is done so that greenery is there the pleasant environment of bank keeps employees fit & fine 6) REIMBURSEMENT OF EXPENSES TOWARDS MEDICAL CHECK-UP Employees above 40 year of age are covered under the scheme reimbursement is permissible toward medical check-up of spouse also. Reimbursement is permitted once doing the year. An employee claiming for reimbursement has to submit the bill and a certificate from the doctor stating that the employee/spouse has/ have undergone total medical- check up. BOI provide the following special welfare facility. This facility is provide to the top level officers only 1) OFFICIATING ALLOWANC 2) DEPUTATION ALLOWANCE 3) MEDICAL AID 4) DEPUTATION TO TRAINING CENTER 5) REIMBURSEMENT OF TRAVELING EXPENSES ON MONTH CONSOLIDATED BASIS.Projectsformba.blogspot.com
  • 19. Projectsformba.blogspot.com 1) OFFICIATING ALLOWANCE 6% of BP pm. Provided the period of officiating is not less than 7 days in a calendar month or a continuous period of 7 days. This allowance will rank for PF only. 2) DEPUTATION ALLOWANCE if an officer is deputed to serve as a member of the facility in any teaching establishment of the bank he shall be eligible to a deputation allowance at 4% of his BP subject to a maximum of Rs.750/- pm. however, if deputed to an outside organization and does not opt for the scale of that organization then the deputation allowance will be 7.75% of the basis pay subject to a maximum of Rs 1500pm 3) MEDICAL AID The reimbursement of bed charges, zonal manager has to authorized, for sanctioning charges for officers for treatment of self, up to Rs.1000/- for officer in scale IV & above and up to Rs.750/- for officer up to scale III and for charges incurred over the aforementioned amount zonal authority may recommended to H.O. for reimbursement 100% reimbursement for office who dies in harness. Bed charge on hospitalization involving admission in ICU/ICCU, scale IV and above Rs.2000/- per day and up to scale III Rs.1500/- Per day. 4) DEPUTATION TO TRAINING CENTER I) Load Trainees:- Rs.75/- per day for Mumbai & Delhi (Noida) Rs.60/- per day for the other centersProjectsformba.blogspot.com
  • 20. Projectsformba.blogspot.com 5) REIMBURSEMENT OF TRAVELING EXPENSES ON MONTH CONSOLIDATED BASIS. Eligible officer who own and use a vehicle for bank’s works have option to claim reimbursement of traveling expenses either or monetary basis or in term of consumption of petrol per month. Optioned can be exercised only once and will not be allowed to be change in type of vehicle and/ or place of posting. Promotee officers during the probationary period and DRU’s during the first year of probation are not eligible. However, they may be reimbursed actual expenses incurred by them.Projectsformba.blogspot.com
  • 21. Projectsformba.blogspot.com CHAPTER 4: RESEARCH METHODOLOGY Research methodology is a way to systematically solve the research problem. In it we study the various steps that are generally adopted by the researcher in studying his research problem along with the logic behind them. It is necessary for the researcher to know not only the research method as technique but also the methodology. Thus, “when we talk at research methodology we not only talk of the research method but also consider the logic behind the methods we use in the contest of our research study and explain why we are using a particular method or technique and why we are not using other so that research results are capable of being evaluated either by the researcher himself or by other”. OBJECTIVES The main aim of research is to find out the truth which is hidden and which has not been discarded as yet. Through each research study has its own specific purpose, we may think of research objectives as falling into a number of following broad grouping. 1) To gain formality with a phenomenon or to achieve new insight into it. 2) To portray accurately the characteristic of a particular individual, situation or a group. 3) To determine the frequency with which something occur or with which it is associated with something else. 4) To test a hypothesis of a casual relationship between variable.Projectsformba.blogspot.com
  • 22. Projectsformba.blogspot.comNEED OF RESEARCH METHODOLOGYHR research is the process of evaluating the effectiveness of human resources, policiesand practices and developing more appropriate once. It include 1) Conducting morale, attitude, job satisfaction and behavior surveys 2) Collecting data and information regarding wages, cost-benefits analysis of training, benefits, productivity, absentism, employee turnover, strikes, accidents, operations, working hours, shifts etc. 3) Tabulating computing and analyzing the data and information. 4) Report writing and submission to the line managers 5) Finding out the defects and shortcoming in the existing policies, practice etc. 6) Developing more approximate policies, procedure, and programmer of personal. OBJECTIVE OF THE STUDY Main objective The main objective of carrying out line topic is to study welfare facilities provided by Bank of India to the employee. OTHER OBJECTIVES a) To analyze the procedure regarding how the welfare facilities are provided to the employees by the bank. b) To know the satisfaction level of employees about welfare facilities & view towards the bank policies of providing welfare facility HYPOTHESIS The employees are satisfied with the welfare facilities provide to them by the bank a) Welfare facilities provide by the Bank of India are best b) Welfare facilities in this organization are quite wide ranging.Projectsformba.blogspot.com
  • 23. Projectsformba.blogspot.comRESEARCH DESIGN“A research design is the arrangement of condition for collection and analysis of data ina manner that aims to combine relevance to the research purpose with economy inprocedure.Infact, the design of research study is descriptive as it is intended to describe to factorstudy is descriptive as it is intended to describe to factors that management is likely tobe interested in such as employees feeling as opinion towards organization, and alsoabout organizational employees welfare and organizational establishmentRESEARCH INSTRUMENTQuestionnaires are used as a research instrument in the study. Primary data is collectedthrough personal interview method.Method of samplingProbability sampling method is used for the study, as it is also known as” randomsampling” under this sampling design, every item of the universe has an equal channelof inclusion in the sample.Random sampling from a finite population refers to that method of sample selectionwhich gives each possible sample combination an equal probability of being picked upand each item in the entire population to have an equal chance of being included in thesample. Thos applies to sampling without replacement i.e. once an item is selected forthe sample it looks can not appear in the sample again.Sample size of studySample size is part of total unit,which comes into respondent group . there are total number of 30employees were interacted to study this topic ,hence the sample size of the study is 30.Projectsformba.blogspot.com
  • 24. Projectsformba.blogspot.comDATA COLLECTIONPRIMARY DATAPersonal interview method is used for collected information from the employeesthrough questionnaireSECONDARY DATASecondary data is collected from referring books and websites of Bank of IndiaTHE SAMPLEQuestionnaire were prepared by keeping in mind the facility that are extended toemployees the research instrument used has helped personally knowing the feeling ofemployees.For completing the project study more emphasis is given an primary source of data andits analysis for maintaining the accuracy, reliability and for good result regarding theproject study undertaken.Projectsformba.blogspot.com
  • 25. Projectsformba.blogspot.com CHAPTER 5: DATA ANALYSIS AND TABULATION Data analysis Process of data can be categories into : 1) Editing 2) coding 3) classification 4) tabulation The data after collection has to be proceed & analyze in accordance with the outline laid down for the purpose at the time of developing the research plan this is essential for a scientific study and for ensuring that we have all relevant data for making contemplated comparison and analysis Technically speaking, processing implies, editing, coding, classification and tabulation of collected data so that they are amenable to analysis the term analysis refers to the computation of certain measure along with searching for pattern of relationship that exist among data group thus ,“In the process of analysis, relationship or differences supporting or conflicting with original or new hypothesis should be subjected to statistical test of significance to determine with what validity data can be said to indicate any conclusion.” The concept of processing and analysis, can now proceed with the explanation of all the processing operations- 1) EDITING- Editing involves a careful scouting of the completed questionnaire add/ or schedules. Editing is done to assure that the data are accurate, consistent with other facts gathered, uniformally entered, as completed as possible and have been well arranged to facilitate coding & tabulationProjectsformba.blogspot.com
  • 26. Projectsformba.blogspot.com 2) CODING Coding is necessary for efficient analysis and through it the several replies may be reduced to a small number of classes which contain the critical information required for analysis. Coding decision should usually be taken at the designing stage of the questionnaire. 3) CLASSIFICATION The necessities classification of data which happen to be the process of arranging data in group or classes on the basis of common characteristic of data having a common characteristic are placed I one class and in this way the entire data get divided into a number of group or classes. 4) TABULATION Tabulation is the process of summarizing row data & displaying the same in compact form (i.e. in the form of statistical tables) for further analysis. In a broader sense, tabulation is an orderly arrangement of data in columns & rows.Projectsformba.blogspot.com
  • 27. Projectsformba.blogspot.com DATA INTERPRETATION Ques 1: How many Welfare facility are you availing on routing basis? 0% 40% 1 to 5 50% 5 to 10 10 & above 10% Observation All the employees of Bank of India availing routine Welfare Facility 50% employees say that they are availed 10 & above Welfare Facility and reset of 40% & 10% employees saying that they are availing 1 to 5 and 5 to 10 Welfare facility respectively.Projectsformba.blogspot.com
  • 28. Projectsformba.blogspot.com Ques 2: How many special welfare facilities have you availed? 20% 1 to 5 Not Availed 80% Observation 80% employees says that they are availing 1 to 5 special welfare facility rested 20% employees are not availing any special welfare facility.Projectsformba.blogspot.com
  • 29. Projectsformba.blogspot.com Ques3: How much time it will take sanctioning a routine welfare facility? 1 to 2 week 2 to 3 week 1-2 month Observation From the chart it is observed that, all employees says that for sanctioning a routine welfare facility time require is 1 to 2 week.Projectsformba.blogspot.com
  • 30. Projectsformba.blogspot.com Ques 4: How much time it will take sanctioning a special welfare facility? 10% 1 to 2 week 3 week 90% Observation From the above chart it is observed that 90% employee’s say that for sanctioning a special welfare facility time required is 1-2 week. & 10% employees says that time required for sanctioning welfare facility is 3 weekProjectsformba.blogspot.com
  • 31. Projectsformba.blogspot.com Ques 5: Briefly explain the procedure of availing routine welfare facility in point? 20 Making an application submit proof & immidiate sanction it Only application is required 80 Observation 80% employees says that to make the application submit proof & it sanction & rest of 20% employees say that only application is requiredProjectsformba.blogspot.com
  • 32. Projectsformba.blogspot.com Ques 6: Briefly explain procedure for availing the special welfare facility ? 10% Make an application submit proof & sanction it Length process 90% Observation 90% employees says that they have to just apply, submit proof & take approval of higher authority and only 10% employees says that the procedure is lengthy .Projectsformba.blogspot.com
  • 33. Projectsformba.blogspot.com Ques7: How much are you satisfied about procedure of availing routine welfare facility? 10 Highly satisfied Partly satisfied 50 satisfied 40 Not satisfied Observation The 50% employees of the bank are highly satisfied with the procedure of availing routine welfare facility while 40% employees are partly satisfied & the remaining 10% of employees are satisfied.Projectsformba.blogspot.com
  • 34. Projectsformba.blogspot.com Ques8: How much are you satisfied about procedure of availing specific welfare facility? 40% Highly satisfied Satisfied Partly Satisfied 60% Not Satisfied Observation The 60% employees of the bank are satisfied with the procedure of availing special welfare facility and remaining 40% employees are highly satisfied.Projectsformba.blogspot.com
  • 35. Projectsformba.blogspot.com Ques9: Does welfare facility provided by the organization plays as a motivational factors? 40% Highly agree Agree Just agree 60% Do not agree Observation 60% employees are agreed that the welfare benefits plays as a motivational role. While 40% are highly agree on this issue.Projectsformba.blogspot.com
  • 36. Projectsformba.blogspot.com Ques10: kindly suggest the methods of improving/ adding welfare facility? 0% 20% Adding same more welfare facility No suggession 80% Observation 20% employees say that to add some more welfare facility & 80% employees is not giving any suggestions.Projectsformba.blogspot.com
  • 37. Projectsformba.blogspot.com CHAPTER 6: OBSERVATION & CONCLUSION  All the routine welfare facilities are availed by all the employees in Bank of India in different proportion.  More than 70% employees are availing routine welfare facility an routine basis.  More than 30% employees are availing special welfare facility according to the need arise  The time required for sanctioning the special welfare facility is maximum 2 week.  The employee are not getting in storage facility for outdoor clothing  The routine welfare facilities are availed by every one in the organization & time required is also nominal.  The process of availing special welfare facility is very lengthy & hence it can be availed by simple process.  The employees of Bank of India are highly satisfied with the routine welfare facility, which they are availing on regular basis.  The employees of Bank of India are satisfied as they are getting special welfare facility with a simple process.Projectsformba.blogspot.com
  • 38. Projectsformba.blogspot.com Suggestion 1) The employees should be provided with storage facility for external clothing 2) Sanctioning times of special welfare facility should be reduced to 1 week Limitation 1) The study may not cover each & every facility provided by the organization. 2) The result may be depended on the answer received from respondent. 3) The study does not cover entire workforce 4) The study is based on a particular class of employees i.e. officers, clerk, & sub staff.Projectsformba.blogspot.com
  • 39. Projectsformba.blogspot.comCHAPTER 7: BIBLOGRAPHYBOOK REFFERREDSr.no Authors year Tital Cityof Publisher Pages publishing1 V.S.P. Rao 2005 Human New D Excel books 405 ,452 Resource elhi management2 K.Ashwatha 1997 HR.&Pers nnel New TataMc 446, 447 Ppa Manag o Delhi GrawHill - Publishing3 C.R.Kothari 1985 Research New Delhi NewAge 1,8 Methodology International Publishers4 P.P.ARYA 2002 R.M. New Delhi Deep&Deep 14 Publication Pvt.LtdWEBSITESNAME TIME DATEwww.goole.com 1.30PM 10/11/09www.bankofindia.com 2.00PM 29/12/09www.bankofindia.co.in 2.30PM 29/12/09Projectsformba.blogspot.com
  • 40. Projectsformba.blogspot.comCHAPTER 8: QUESTIONNAIRE PLEASE TICK THE ANSWER OF FOLLOWING QUESTION 1) How many welfare facility are you availing a routine basis? A) 1 to 5 B) 5 to 10 C) 10 & above 2) How many special welfare facility have you availed? A) 1 to 5 B) Not Availed 3) How much time it will take sanctioning routine welfare facility? A) 1 to 2 week B) 2 to 3 week C) 1 to 2 month 4) How much time it will take sanctioning routine welfare facility? A) 1 to 2 week B) 3 week C) 1 to 2 week 5) Briefly explain the procedure of availing routine welfare facility in point? A) Making an application submit proof & immediate sanctioning B) Only application is required 6) Briefly explain procedure for availing the special welfare facility? A) Make an application, submit proof of sanction it. B) Lengthy process C) Not availed 7) How much are satisfied about procedure of availing routine welfare facility? A) Highly satisfied B) Partly satisfiedProjectsformba.blogspot.com
  • 41. Projectsformba.blogspot.com C) Satisfied 8) How much are you satisfied about procedure of availing special welfare facility? A) Highly satisfied B) Satisfied C) Not satisfied 9) Does welfare facility by the organization plays as a motivational factors? A) Highly agree B) Agree C) Just agree 10) Kindly suggest the method of improving/ adding welfare facility? A) No suggestion B) Adding some more welfare facility.Projectsformba.blogspot.com

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