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A STUDY OF EMPLOYEE WELFARE PRACTICES IN

INDIAN RARE EARTHS LIMITED, CHAVARA

Submitted in patia! "u!"i!!ment "# t$e e%uiement "# t$e a&ad #" t$e de'ee #"

MASTER OF (USINESS ADMINISTRATIONM ) UNIVERSITY

*OTTAYAM

Submitted by

AMPADY+S

Re' N#-.---

Under the guidance of

MRS SU/ITHA ANNIE *URIAN

0A11i1tant P#"e11#2

Depatment #" Mana'ement Studie1

Caarmel EngineeringCollege

Peunad, Pat$anamt$itta


2/10

Ma3 4.--


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Caarmel

EngineeringCollege*##nam5aa P+O, Peunad, Pat$anamt$itta Di1ti6t, *ea!a State Pin 789:--

CERTIFICATE

This is to certify that the study report entitled A Stud3 #"

Emp!#3ee We!"ae pa6ti6e1 in IREL C$a;aa is a bonafide record of the

work done by Ampad3+S under my guidance in partial fulfillment of the

requirement for the award of aster!s "egree in #usiness Administration by

ahatma $ni%ersity and this work has not been submitted by him for the award

of any other degree& diploma& or title of recognition earlier'

D+SELVADAS M+/ M1+ SU/ITHA ANNIE *URIAN

"irector& Asst' (rofessor&

"epartment of anagement studies& "epartment of anagement studies&

Caarmel Engineering College& Caarmel Engineering College&

(athanamthitta (athanamthitta

VIVA


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E>TERNAL E>AMINER

LETTER FROM THE OR)ANISATION


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AC*NOWLED)EMENT

First of all I wish to e)press my deep gratitude and thanks to *od who

helped us in completing the organisation study successfully'

I shall remain grateful to M1+ Su?it$a Annie

*uian, Fa6u!t3, M(A Depatment, Caame! En'ineein' C#!!e'e for his

amble guidance and encouragement for completing the organisation study' I am

also e)tremely grateful to faculty member for their %aluable suggestions and

ad%ice regarding this work'

I also e)press my profound gratitude to pro+ect guide

M A+/a3apa!an& S+ Mana'e, HRM for his %aluable guidance and timely

ad%ice and well wishers for encouragement gi%en to us during the course of the

pro+ect'

It is my pleasure to e)press a deep sense of grateful

to M+ Rama6$andan 0We!"ae2, HR Depatmentwithout his untiring efforts

and tremendous background information this work would not ha%e materiali,ed'

I e)press my sincere thanks to all the staff of IREL, C$a;aa for their co-

operation during my study in the company'

.ast but not least we thank my parents and for all their moral support

and help& they had gi%en to me'


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DECLARATION

I declare that the pro+ect report entitled /A

study on Employee 0elfare practices of Indian Rare Earths .imited1 2ubmitted

by me for the award of aster of #usiness Administration of '* $ni%ersity is

my own work' The report has not been submitted for the award of any other

degree of this uni%ersity or any uni%ersity'

(lace3 4ollam Ampad3+S

"ate3


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A(STRACT

Employee 0elfare is an important facet

of industrial relations& the e)tra dimension& gi%ing satisfaction to the worker in a

way which e%ens a good wage cannot' 0ith the growth of industriali,ation and

mechani,ation& it has acquired added importance' The workers in industry

cannot cope with the pace of modern life with minimum sustenance amenities'

5e needs an added stimulus to keep body and soul together' Employers ha%e also

reali,ed the importance of their role in pro%iding these e)tra amenities' And yet&

they are not always able to fulfill workers demands howe%er reasonable they

might be' They are primarily concerned with the %iability of the enterprise

'Employee welfare& though it has been pro%ed to contribute to efficiency in

production& is e)pensi%e' Each employer depending on his priorities gi%es

%arying degrees of importance to labour welfare' It is because the go%ernment is

not sure that all employers are progressi%e minded and will pro%ide basic

welfare measures that it introduces statutory legislation from time to time to

bring about some measures of uniformity in the basic amenities a%ailable to

industrial workers' After employees ha%e been hired& trained and remunerated&

they need to be retained and maintained to ser%e the organi,ation better' 0elfare

facilities are designed to take care of the wellbeing of the employees& they do not

generally result in any monetary benefit to the employees' 6or are these

facilities pro%ided by employers alone' *o%ernmental and non-go%ernmental

agencies and trade unions too& contribute towards employee welfare'

Employee welfare is a comprehensi%e term including %arious ser%ices& benefits

and facilities offered to employees by the employer' Through such generous

fringe benefits the employer makes the life worth li%ing for employees' The

welfare amenities are e)tended in addition to normal wages and other economic

rewards a%ailable to employees as per the legal pro%isions' 0elfare measures

may also be pro%ided by the go%ernment& trade unions and nongo%ernment

agencies in addition to the employer' The basic purpose of employee welfare is

to enrich the life of the employees and keep them happy and contended'


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LIST OF CONTENTS

Sub?e6tPa'e

Numbe

C$apte -

Introduction 7

2tatement of the problem 8

2cope of the study 8

9b+ecti%e of the study :

.imitations of the study :

C$apte 4

Industry profile ;

Company (rofile

Functions of 5R "epartment IRE. =?

=> Training Facilities >@

=8 Training Facilities ?B

=: .ea%e #enefits ?7

=; .ighting and entilation Facilities ?:

=> 2afety (recautions ?>

=? 9%erall welfare acti%ities ?@

=@ Relationship between employee D employer @B

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