Employees Satisfaction on Welfare Schemes _ BDCC Bank PROJECT REPORT by BabasabPatil

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									                             Executive Summary

Title of the project:-

       “Employees Satisfaction on Welfare Schemes at BDCC Bank”

Statement of the problem:-

       This particular topic is chosen because employees are the bone of the

organization so to get a effectiveness and efficiency in productivity. Organization

has to motivate the employee through welfare scheme.

Purpose of the study:-

       Project is on the study of welfare schemes so in turn the point of benefit

towards the employees and the system that will provide benefit to the organization.

Scope of the study:-

       This project helps in collecting the necessary data which will in turn convert

and provide facilities to employees.

Objectives of the study:-

    To study the organization.

    To examine the various employee welfare schemes at BDCC bank.

    To identify employee satisfaction towards welfare schemes which provided

       by BDCC bank.

    To provide better effective efficient health of the organization.




BABASAB PATIL                                                                      1
         THE BIJAPUR DISTRICT CENTRAL CO-OP BANK LTD,
                         BIJAPUR.


                PERFORMANCE AWARD
                      1999-2000

    NATIONAL AGRICULTURE AND RURAL DEVELOPMENT BANK
                        (NABARD)

     GIVEN SECOND PRIZE TO BIJAPUR DCC BANK LTD. BIJAPUR.
        FOR IT’S REMARKABLE PERFORMANCE IN ALL DISTRICTS
 CENTRAL CO OPERATIVE BANKS. IN INDIA FOR THE YEAR 1999-2000.




BABASAB PATIL                                                   2
           A Brief Description of the Organization Profile:


Name of the organization:       The Bijapur District Central Co-operative Bank
                                Ltd., Bijapur.

Address                     :   Kittur Channamma Nagar,
                                Solapur Road,
                                BIJAPUR.

Phone                       :    (08352)265418, 265419,263642.

Fax                         :    08352-265473.

E-mail                      :    bjpdcc@yahoo.com

Type of sector              :    Co-operative Bank.

Year of Establishment       :    28-7-1919.

No of Employees             :    187

Work Schedule               :    10.30 to 5.30

Geographical Area           :    32,440 Sq.feet.




BABASAB PATIL                                                               3
                        INTRODUCTION OF BANK

       The Bijapur District Co-operative Bank Ltd Bijapur is registered Under No-

2483 as co-operative society Under Indian Co-operative Societies Act 1912.


       The BDCC Bank opened on 28th July 1919 Late Shri Pandurang Desai was

the founder and president.


       The bank has its registered office at Bijapur. In the event of any change

there of, a notice of such change be given to the Registrar of Karnataka Co-

operative Societies with in thirty (30) days.


       The main objective of the bank is to assist the rural co-operative to provide

cheaper finance to agriculture.


       1366 Variety of co-operative societies have got membership with the bank.

Bank is accepting membership from 1919, Till date 7382 Customers become

members of the Bank.



                      Mission of Bijapur DCC Bank

     “To strive for socio-economic Development of the District by

    providing efficient financial services for Agricultural and Non-

       Agricultural activities based on Co-operative Principles.”




BABASAB PATIL                                                                     4
                   ORGANIZATION CHART




                        Board of Director




                           Executives




  Loan       Building        Audit             Staff        Staffing
  Sub          Sub           Sub            Grievances      Pattern
Committee   Committee      Committee           And         Committee
                                            Disciplinary




BABASAB PATIL                                                          5
                BRANCH LEVEL



                  Manager



                  Supervisor



                    Clerk



                   Cashier



                    Peon




BABASAB PATIL                  6
                           ADMINISTRATION




                               Managing Director




         General Manager                               General
                                                       Manager
             (Adm)
                                                      (Banking)




    Deputy         Deputy             Deputy          Deputy        Deputy
   General         General            General         General       General
   Manager        Manager            Manager         Manager        Manager
                  Planning         Administration      Loan       Accounting
  Inspection
                      &                  &              &         & Operations
   & Audit                                                        Management
                 Development       Establishment    Supervision




BABASAB PATIL                                                              7
                           SECTIONS IN BANK:

The following are different sections

    Administration and Establishment Section

    Planning and Development Section

    Loans and Supervision Section

    Accounts and Operation Section

    Inspection and Audit Section




BABASAB PATIL                                   8
                             OBJECTIVES


The following are the objectives of the bank

    To finance co-operative societies registered and deemed to have been

      registered under the co-operative societies Act which are affiliated to the

      Bank.

    To finance directly individual agriculturists in the area of operation of such

      societies which are dormant or where due to any reason issue or recovery of

      loans and advances have come to a stand still and cultivator member of

      societies are deprived of agricultural finance, by admitting them as nominal

      member of the Bank subject to the subsidiary rules framed and approved by

      the Register.

    To raise funds for the purpose of financing co-operative societies,

      individuals and other and generally to carry on Banking business.

    To develop assist and co-ordinate the work of affiliated societies.

    To arrange for the supervision and inspection of affiliated societies.

    To open branches, pay offices and extension counter and suitable center and

      frame rules for their conduct and working and transact any type of banking

      business on behalf of other banks and societies registered under any Act

      with the previous approval of the Register.

    To Purchase, sell, transfer, endorse, pledge Government promissory notes,

      bonds, securities, Municipal, Zilla Parishat and port trust Bonds, debenture


BABASAB PATIL                                                                    9
     guaranteed by government for the legitimate investment of the surplus

     funds of the bank or on behalf of it’s member or depositors without

     incurring any financial responsibility and to do all things incidental to such

     business.


   To make direct advances to individuals, proprietary concerns, partnership

     firms, societies registered under the societies Registration Act 1960,

     companies, corporate Bodies, statutory organizations for various approved

     purposes permitted under the Bye laws by admitting them as normal

     members and subject to the rules framed by the Boards and approved by the

     Registrar.

   To make advances to individuals on the pledge of valuables/ approved

     securities subject to the rules framed by the Board and approved by the

     Registrar.

   To deploy the resources of the Bank in profitable avenues subject to rules

     framed by Board and approved by the Registrar.

   To provide finance to Co-operative Societies, Societies Registered under

     the Societies Registration Act,1960, Companies, Corporate Bodies and

     Statutory Organisations under consortium arrangement in association with

     other       Financing   Institutions,   with    the    approval     of    the

     Registrar/NABARD/other Competent Authorities as the case may be.

   To do ordinary banking business for properly utilizing surplus funds at the

     disposal of the Bank provided this business is carried on only for such



BABASAB PATIL                                                                   10
     period and under such conditions as the Registrar Shall prescribe in each

     case;



   To undertake liquidation work of affiliated societies indebted to the Bank

     on conditions laid down by the Registrar with a view to facilitate recoveries

     from the affiliated societies.

   To maintain a library of Co-operative literatures and laboratories.

   To establish or to support or to aid in the establishment and support of funds

     calculated to benefit Banks employees and or dependants of such

     employees provided that the Rules regarding the rates of contributions

     payable both by the Bank and its employees and the Rules regarding

     administration thereof are first approved by the Registrar.

   To receive for safe custody securities and ornaments.

   To draw, accept, endorse, negotiable and sell bills of exchange and other

     negotiable instruments in accordance with the rules that shall be framed by

     the Board for the purpose.

   To undertake and to support research in co-operation and to undertake

     research activities in agriculture to enhance agricultural productivity ;

     subject to rules to be framed by the Boards.

   To arrange for the study tours subject to approval of the Registrar for

     studying Banking and co-operative Development in general and with

     special reference to promote co-operative activities in the district.

   To open Banking Accounts.


BABASAB PATIL                                                                  11
   To carry on the general business of banking not repugnant to the provisions

     of the co-operative societies Act and Rules framed there under.

   To provide safe Deposit vaults.

   Carrying on and transacting every kind of guarantee and indemnity

     business.

   Managing, selling, and realizing any property which may come into the

     possession of the bank in satisfying or in part satisfaction of any of its

     claims.

   To make advances to the employees of the Bank who are admitted as

     Nominal members of the Bank.

   To implement the economic policies as envisaged by the government from

     time to time.

   To do such other work as will be conducive or incidental to the above

     objects and will generally promote the cause of co-operation.




BABASAB PATIL                                                               12
                               Achievements

  The Bank has achieved the following milestones:

   In the year 2003, owned funds is 3937.92 lakhs and in 2005 it is 5184.87

     lakhs and in this year 2006 it is increased of Rs.509.59 lakhs i.e., 5694.46

     lakhs.

   The bank has mobalised Rs.2356.91 lakh as additional deposits during the
     year 2005-06.

   Borrowings from 22.97% of the working funds. The bank has utilized the
     borrowings judiciously and repaid in time to the Apex Bank and never

     became defaulter.

   In this year 2006, working funds is increased of 7.66% compare to last year

     2005.

   The Bank has achieved recovery at 83.24% and 83.51% in respect of Agril.
     And Non-Agril. loans during 2005-06 up to march-2006. Further it is aimed

     to achieve 95% recovery by end of 2005-06 that is june-2006.

   The net profit for 2005-06 is Rs. 1528.86 Lakhs last year is Rs. 364.39

     lakhs.

   With the introduction of BDP, business in societies has improved

     considerably and becoming self sufficient. Now societies have deposit of

     Rs.34.18 crores as on 31-3-2005. The PACS are earning the profit and

     declaring the maximum dividend.

BABASAB PATIL                                                                 13
     KISAN CREDIT CARD Scheme has been implemented very effectively. The

       bank has issued kisan Credit Cards to 20177 farmers newly during 2005-06.



      YASHASWINI

       Co-operative Farmers Health Schemes is implemented in 2003.

57260 farmers have been enrolled of which 55273 farmers are through primary

Co-operative Societies. 14 farmers have under gone operation.

This Scheme is continued during 2004-05 and renamed as Co-operative Farmers

Health Protection Scheme. 77582 farmers members of PACS are enrolled. Health

Camps are programmed to be arranged at rural places. Separate Yashaswini Cell is

opened in the bank to afford quick services to the farmers. 212 farmers have

availed benefit so far, of which 38 are patients with heart ailments.




BABASAB PATIL                                                                 14
                        Theoretical Framework

       In the general sense, the term “co-operation” means, the idea of “living

together and working together”. Co-operation is a business organization. It is the

only system of voluntary organization suitable for poorer people. In this system,

the persons voluntarily associate together as human beings on a basis of equality,

for the promotion of their economic interests.

       Thus, the Co-operative Bank can be defined as, “an institution established

on the co-operative principles and engaged in the normal banking business of

accepting deposits from the public for the purpose of lending and repay it on

demand or otherwise”.




BABASAB PATIL                                                                  15
Organisational Structure of the Co-operative Credit Institutions




                     Co-operative Credit Institution



     Rural Co-operative Credit                  Urban Co-operative Banks
            Institution



Short Term             Long Term
 Structure              Structure



   State              District Central              Primary
Co-operative           Co-operative            Agricultural Credit
  Banks                    Banks                   Societies




                    State Co-operative                 Primary Co-operative
                     Agriculture Rural                   Agriculture Rural
                    Development Banks                  Development Banks




BABASAB PATIL                                                            16
                              Co-operative Banks:

       Banks established under the co-operative system are called Co-operative

Banks. These are State Co- operative Banks, Central Co- operative Banks and

Primary Co- operative Banks. SCB is an apex level bank for a state. CCBs are

apex level banks for each district. Primary Co- operative Banks are rural or Semi-

Urban Level Co- operative Banks.

                        Co-operative Credit Societies:

       These are financial institutions whose primary objects are to provide credit

facilities, i.e., loans and advances to its member only. These societies are formed

in large organisations or Government Departments or at certain regions. The

members are those working in the particular organization/ region. They collect

subscriptions, deposits, etc., from members and loans from co-operative banks and

extend credit facilities to its members only.

Primary Agricultural Credit Society:

       These are similar to credit societies explained above, but these credit

societies can extend loans to its members only for the purpose of agricultural

connected activities.




BABASAB PATIL                                                                   17
Types of Co-operative Banks in India:

   Urban Co-operative Banks.

   State Co-operative Banks (StCBs).

   District Central Co-operative Banks (CCBs).

   State Co-operative Agriculture and Rural Development Banks (SCARDBs).

   Primary Co-operative     Agriculture   and    Rural Development   Banks

     (PCARDBs).




BABASAB PATIL                                                            18
                            Social Security and Welfare:

Social Security:-

       The wages provided to the employees, particularly of the lower level may

not be sufficient to meet their needs like medical, children education, maternity

needs of women employees and employee’s wives’ etc. Therefore, Governments

of various countries insist the employers to provide the security to their employees

against the social evils.



Welfare:-

Welfare has four primary meanings:

    Welfare, in general terms, refers simply to quality of life.

    Welfare (financial aid), financial assistance paid by the govt.

    Welfare (economics), in economics, associated with material benefit or

       preferred outcomes.

    Social welfare, in social policy, refers to the range of services intended to

       meet people’s needs.

       Welfare is the ‘enjoyment’ that consumers gain from their consumption.

While welfare cannot be measured directly, economists often use a measure of real

income or purchasing power as a way of measuring welfare in many terms.




BABASAB PATIL                                                                    19
   Objectives of social security and welfare programmes:

The important objectives of fringe benefits are:

      1) To create and improve sound industrial relations.

      2) To boost up employee morale.

      3) To motivate the employees by identifying an satisfying their unsatisfied

         needs.

      4) To provide qualitative work environment and work life.

      5) To provide security to the employees against social risks like old age

         benefits and maternity benefits.

      6) To provide the health of the employees and to provide safety to the

         employees against accidents.

      7) To promote employee’s welfare by providing welfare measures like

         recreation facilities.

      8) To create a sense of belongingness among employees and to retain them.

         Hence, fringe benefits are called golden hand-cuffs.

      9) To meet requirements of various legislations relating to fringe benefits.




BABASAB PATIL                                                                    20
             Types of social security and welfare program:

       Organisations provide a variety of fringe benefits. Dale Yoder and Paul D.

Standohart classified the fringe benefits under four heads as given here under:

1. For Employment Security: Benefits under this head include unemployment

   insurance, technological adjustment pay leave travel pay, overtime pay, leave

   for negotiation, leave for maternity, leave for grievances, holidays, cost of

   living bonus, call-back pay, lay-off pay, retiring rooms, jobs to the

   sons/daughters of the employees and the like.

2. For Health Protection: Benefits under this head include accident insurance,

   disability insurance, health insurance, hospitalisation, life insurance, medical

   care, sick benefits, sick leave etc.

3. For old Age and Retirement: Benefits under this category include: defferd

   income plans, pension, gratuity, provided fund, old age assistance, old age

   counseling, medical benefits for retired employees, traveling concession to

   retired employees, jobs to the sons/daughters of the deceased employee and the

   like.

4. For Personnel Identification, Participation and Stimulation: This

   category covers the following benefits: anniversary awards, attendance bonus,

   canteen, cooperative credit societies, educational facilities, beauty parlour

   services, housing, income tax aid, counselling, quality bonus, recreational

   programmes, stress counselling, safety measures etc.




BABASAB PATIL                                                                     21
                                         Types of Fringe Benefits



      Payment for Time                      Employee         Safety and          Welfare        Old Age and
         not worked                          Security          Health          Recreational     Retirement
                                                                                Facilities        Benefits
      Hours
 Hours     Paid   Shift       Holiday    Paid
     of Work
of Work Holiday Premium        Pay      Vacation
             s




        Retrenchment               Lay-off
        Compensation             Compensation



                    Safety                   Workmen’s               Health
                   Measures                 Compensation            Benefits




    Hours    Paid
   Canteens Consu-    Credit
                       Shift      Holiday   Paid
                                  Housing Legal Aid Employee Welfare            Holiday Educatio-
             mer
   of Work Holiday Premium
                     Societies     Pay    Vacation Counsell- Organi-            Homes nal
               s
            Societi-                                  ing     sation                    Facilites
              es


                                                      Transport-        Parties and        Miscell-
                                                        ation             Picnic           aneous




           Provident       Deposit         Gratuity           Medical            Pension
             Fund          Linked                             Benefit
                          Insurance




          BABASAB PATIL                                                                               22
      The Welfare Schemes of BDCC Bank Provided to All Employees is as

      under:

Sl.No Welfare Schemes                          Assistance Provided

1.     Group Insurance Scheme(GIS)             Rs.62000/-

2.     Family Benefit Fund                     Rs.20 P.M

3.     Medical Allowance                       Rs.1000 P.a

4.     Staff Welfare Fund                      Rs.20000/-

5.     Festival Advance                        Rs.2000 P.a

6.     Housing Loan                            Rs.500000 @ 12%

7.     Vehicle Loan                            75% of the vehicle amount

8.     Sulab Loan                              Rs. 100000/-                               s.

                                               15 times on his/her B.S and max limit is
9.     Employee Co-operative Credit Society
                                               Rs.100000/-.

10.    Salary Earners Loan                     Rs.50000@12%.

11.    Providend Fund                          B.S + D.A= ……… @12%.

12     Encashment of Earn Leave in Service     Once in a 2years

13.    Encashment of Earn Leave after Retirement Maximum 240 days.

14.    Closing Allowance                       Rs.200P.a @ the year end.

15.    Gratuity/Retirement Benefit             Maximum limit is Rs.350000/-




      BABASAB PATIL                                                             23
These are the schemes provided to only specific employee as follow:

Sl.No. Welfare Schemes    Post                           Amount

1.    Washing Allowance   Drivers and Peons              Rs.50 P.M

2.    Cycle Allowance     Only One Peons                 Rs.50 P.M

3.    Key Allowance       Manager and Cashier Per Branch. Rs.75 P.M

4.    Cashier Allowance   Only For Cashier               Rs.150 P.M

5.    Typing Allowance    Only For Typist                Rs.60 P.M




BABASAB PATIL                                                         24
                                         Recruitment:

       Recruitment tends to be studied only for practioner purpose and there is

little evidence of only overarching theory.

       A useful definition of recruitment is: Searching for and obtaining potential

job candidates in sufficient numbers and quality so that the organization can select

the most appropriate people to fill its job needs.

       According to Edwin B.Flippo defined recruitment as “the process of

searching for prospective employees and stimulating them to apply for jobs in the

organization”

                                       Selection:

       It can be argued that staff selection is becoming the axis on which all other

human resource issues turn. In this fast moving work environment the time

available for new employees to adapt and develop is diminishing. They are

expected to become effective almost instantly, to perform and to move on.

       After identifying the source of human resources, searching for prospective

employees and stimulating them to apply for jobs in the organization, the

management has to perform the function of selecting the right employees at the

right time. The obvious guiding policy in selection is the intention to choose the

best qualified and suitable job candidate for each unfilled job. The objective of the

selection decision is to choose the individual who can most successfully perform

the job from the pool of qualified candidates.



BABASAB PATIL                                                                     25
       No matter what has been written or said about recruitment and selection,

everyone believes that he is an expert in this field. It is probably the one area of

personnel management where ‘the professional’ is inevitably challenged by ‘the

layman’, whatever the circumstances. Nevertheless, it is one of those situations

where often a manager or supervisor has to face up to the problem of becoming

totally involved in the recruitment and selection process without quite knowing

how to tackle what is in reality a complicated task, in spite of the apparent

simplicity to the ultimate decision to be taken- ‘to hire or not to hire’.




BABASAB PATIL                                                                    26
This is the Recruitment and Selection Process followed by the BDCC

Bank:



                             Government Approval



                                 Roster System



                Advertisement in paper about Application Form



                        Scrutining the Application Form



                              Degree and Age wise



                                   Cast wise



                 Personal Interview in the form of 1:5 on Merit



 Marks Obtained in Qualifying Exam shall be reduced to 85marks and the

                Interview shall carry15marks (Total 100).




BABASAB PATIL                                                            27
                      Training and Development Programmes:

      Training will be viewed as a short- term educational process utilizing a

planned, systematic, and organized procedure by which nonmanagerial personnel

acquire the technical knowledge and skills necessary for increased effectiveness in

achieving organizational goals.

      According to Dale S. Beach defines the training as “…. The organized

procedure by which people learn knowledge and/or skills for a definite purpose”.

      Development, on the other hand , in reference to staffing and personnel

matters, will be viewed as a long term educational process utilizing a planned

systematic procedure by which managerial personnel acquire conceptual and

theoretical the technical knowledge for enhancing general administrative abilities.



Following are the some of the institutions which provide Training and

Development Programmes to employees of BDCC Bank:

   1) Bijapur District Central Co-operative Bank Ltd, Bijapur.

   2) Agricultural Co-operative Staff Training Institute, Banglore.

   3) Regional Training College NABARD, Mangalore.

   4) Reserve Bank of India, Pune.

   5) Vaikunth Mehta National Institute of Co-operative Management, Pune.




BABASAB PATIL                                                                      28
             DATA ANALYSIS AND INTERPRETATION

      The welfare schemes occupy an important role in boosting up the morale of

employees at work. Providing adequate facilities will energies the workers, which

will increase the output. In this chapter an attempt is made to analyse the opinion

regarding the various facilities provided to employees.

   25 (100%) employees were selected and they were asked to rate their opinion

on a five point scale as Very low (1), Below average (2), Average (3), Above

average (4), Very high (5).The analysis of the opinion of the employees revealed

the following




BABASAB PATIL                                                                    29
1. Awareness of the different welfare schemes

                                     Table -1

                           Responses      % of Respondents

                           Yes            100

                           No             0



                                              Graph-1




                                                                                 Yes
                                                                                 NO




From this graph, it can be seen that the sample size (25 employees) is aware of different

welfare schemes provided by Bank.




BABASAB PATIL                                                                          30
2. Following are the different welfare schemes which the employees are

  aware

                        Table-2

        Sl.No Welfare Schemes
        1.      Medical Allowance
        2.      Festival Advance
        3.      Ex- Gratia/ Bonus
        4.      Providend Fund
        5.      Family Benefit Fund
        6.      HRA (House Rent Allowance)
        7.      Leave Facility
        8.      GIS (Group Insurance Scheme)
        9.      Staff Welfare Fund
        10.     Gratuity
        11.     GSLIS (Group Savings Linked Insurance Scheme)
        12.     TA DA
        13.     Retirement Benefit
        14.     LIC (Life Insurance Scheme)
        15.     Typing Allowance
        16.     Bicycle Allowance
        17.     GLIS (Group Linked Insurance Scheme)
        18.     GPF (General Provident Fund)
        19.     Entertainment Allowance
        20.     Training Facility
        21.     Sitting Facility
        22.     Washing Allowance
        23.     Closing Allowance
        24.     Key Allowance
        25.     Cash Allowance

BABASAB PATIL                                                       31
3. About Welfare Schemes

                                Table -3

Score                5          4          3       2         1         Total

Degree               Very       Above      Average Blow      Very

                     High       Average            Average Low

No of respondents 10            4          8       2         1         25

% of respondents     37.6       17.2       32.3    9.7       3.2       100%



                                Graph-3




                                                           Very high
                                                           Above average
                                                           Average
                                                           Below average
                                                           Very low




From this graph, it can be understood that the welfare schemes of BDCC Bank

employees says that 37.6% is very high, 32.3% average and 3.2% as Very low.




BABASAB PATIL                                                                 32
4. Welfare Schemes provided by Bank

                                    Table 4.1

                                       GIS


Score                5       4         3          2          1          Total

Degree               Very    Above     Average Blow          Very

                     High    Average              Average Low

No of respondents 7          6         6          2          2          23

% of respondents     30.1    23.7      22.6       9.7        7.53       93.63



                                       Graph-4.1

                                           GIS




                                                        Very high
                                                        Above average
                                                        Average
                                                        Below average
                                                        Very low




In this analysis 30.1% of respondents responded as very high, 22.6% as average and

7.53% as very low.




BABASAB PATIL                                                                   33
                                     Table-4.2

                             Family Benefit Fund

Score                5        4           3      2        1          Total

Degree               Very     Above       Average Blow    Very

                     High     Average            Average Low

No of respondents 4           6           8      2        3          23

% of respondents     16.1     25.8        33.3   6.45     10.7       92.35



                                     Graph-4.2

                             Family Benefit Fund




                                                     Very high
                                                     Above average
                                                     Average
                                                     Below average
                                                     Very low




From this graph, it is clear that 16.1% of respondents responded as very high,

33.3% as average and 10.7% as very low.




BABASAB PATIL                                                                34
                                   Table 4.3

                            Medical Allowance

Score               5       4            3      2        1         Total

Degree              Very    Above        Average Blow    Very

                    High    Average             Average Low

No of respondents 4         3            12     4        2         25

% of respondents    16.1    12.9         46.2   15       8.6       100



                                   Graph 4.3

                            Medical Allowance




                                                     Very high
                                                     Above average
                                                     Average
                                                     Below average
                                                     Very low




From this graph, it is clear that 16.1% of respondents responded as very high,

46.2% as average and 8.6% as very low.


BABASAB PATIL                                                              35
                                    Table-4.4

                              Staff Welfare Fund

Score                5       4          3         2         1         Total

Degree               Very    Above      Average Blow        Very

                     High    Average              Average Low

No of respondents 3          5          9         3         3         23

% of respondents     12.9    18.3       37.6      11.8      11.8      92.4



                                    Graph-4.4

                              Staff Welfare Fund




                                                      Very high
                                                      Above average
                                                      Average
                                                      Below average
                                                      Very low




In this analysis 12.9% of respondents responded as very high, 37.6% as average and

11.8% as very low.




BABASAB PATIL                                                                  36
                                    Table-4.5

                              Ex-Gratia / Bonus

Score                5       4          3         2         1         Total

Degree               Very    Above      Average Blow        Very

                     High    Average              Average Low

No of respondents 14         4          4         1         2         25

% of respondents     56.9    16.1       17.2      3.2       6.45      99.85



                                    Graph-4.5

                                 Ex-Gratia/Bonus




                                                      Very high
                                                      Above average
                                                      Average
                                                      Below average
                                                      Very low




From this graph, it is concluded that 56.9% of respondents responded as very high,

17.2% % as average and 6.45% as very low.




BABASAB PATIL                                                                  37
                                     Table-4.6

                                       HRA

Score                 5        4          3         2          1          Total

Degree                Very     Above      Average Blow         Very

                      High     Average              Average Low

No of respondents 6            4          11        1          2          24

% of respondents      25.8     15         43        5.38       7.53       96.7



                                    Graph-4.6

                                       HRA




                                                        Very high
                                                        Above average
                                                        Average
                                                        Below average
                                                        Very low




In this analysis 25.8% of respondents responded as very high, 43% as average and 7.53%

as very low.




BABASAB PATIL                                                                      38
                                    Table-4.7

                                 Provident Fund

Score                5       4          3         2         1         Total

Degree               Very    Above      Average Blow        Very

                     High    Average              Average Low

No of respondents 8          4          6         4         2         24

% of respondents     33.3    16.1       24.7      16.1      7.53      97.73



                                    Graph-4.7

                                 Provident Fund




                                                      Very high
                                                      Above average
                                                      Average
                                                      Below average
                                                      Very low




From this graph, it is concluded that 33.3% of respondents responded as very high,

24.7% % as average and 7.53% as very low.




BABASAB PATIL                                                                  39
                                    Table-4.8

                             Retirement Benefits

Score                5       4          3         2         1         Total

Degree               Very    Above      Average Blow        Very

                     High    Average              Average Low

No of respondents 9          6          5         1         3         24

% of respondents     36.6    22.6       18.3      5.38      12.9      95.78



                                    Graph-4.8

                             Retirement Benefits




                                                      Very high
                                                      Above average
                                                      Average
                                                      Below average
                                                      Very low




From this graph, it is concluded that 36.6% of respondents responded as very high,

18.3% as average and 12.9% as very low.




BABASAB PATIL                                                                  40
                                      Table-4.9

                                   Festival Advance

Score                 5        4          3          2          1          Total

Degree                Very     Above      Average Blow          Very

                      High     Average               Average Low

No of respondents 6            4          9          3          2          24

% of respondents      22.6     16.1       39.8       10.7       8.6        97.8



                                      Graph-4.9

                                   Festival Advance




                                                         Very high
                                                         Above average
                                                         Average
                                                         Below average
                                                         Very low




In this analysis 22.6% of respondents responded as very high, 39.8% as average and 8.6%

as very low.




BABASAB PATIL                                                                       41
5. Do you need any other welfare schemes?

                                    Table-5

                  Degree                Yes     No       Total
                  No of respondents     10      15       25
                  % of respondents      40.9    59.1     100




                                    Graph-5




                                                                 Yes
                                                                 NO




From this graph, it is clear that 40.8% of employees want the welfare schemes

Such as given below:




BABASAB PATIL                                                                   42
Sl. No Schemes

1.     LIC(Life Insurance Corporation)

2.     LTC(Leave Travel Concession)

3.     Pension Benefit

4.     Tuition fees for children

5.     75% of Hospital bill

6.     Over time duty facility

7.     Quarters

8.     Food grain advance

9.     Group Insurance

10.    Aminity

11.    KGID (Karnataka Government Insurance Dept.)

12.    Computerisation

13.    All medical facility




BABASAB PATIL                                        43
   6. How do you rate the following facilities?

                                    Table-6.1

                                 Leave Facilities

Score                5       4          3           2        1          Total

Degree               Very    Above      Average Blow         Very

                     High    Average                Average Low

No of respondents 7          7          7           1        3          25

% of respondents     27.9    27.9       29          3.2      10.7       98.7



                                    Graph-6.1

                                 Leave Facilities




                                                        Very high
                                                        Above average
                                                        Average
                                                        Below average
                                                        Very low




From this graph, it is clear that 27.9% of respondents responded as very high, 29%

as average and 10.7% as very low.




BABASAB PATIL                                                                   44
                                    Table-6.2

                                 Training Facility

Score                5       4          3         2         1         Total

Degree               Very    Above      Average Blow        Very

                     High    Average              Average Low

No of respondents 6          7          9         1         2         25

% of respondents     22.6    26.8       37.6      5.38      7.53      100


                                    Graph-6.2

                                 Training Facility




                                                      Very high
                                                      Above average
                                                      Average
                                                      Below average
                                                      Very low




From this graph, it is concluded that 22.6% of respondents responded as very high,

37.6% as average and 7.53% as very low.




BABASAB PATIL                                                                  45
                                    Table-6.3

                                Medical Facilities

Score                5       4          3        2        1          Total

Degree               Very    Above      Average Blow      Very

                     High    Average             Average Low

No of respondents 3          4          11       5        2          25

% of respondents     11.8    18.3       43       19.4     7.5        100


                                    Graph-6.3

                                Medical Facilities




                                                     Very high
                                                     Above average
                                                     Average
                                                     Below average
                                                     Very low




        In this analysis, 11.8% of respondents responded as very high, 43% as

average and 7.5% as very low.




BABASAB PATIL                                                                46
                                      Table-6.4

                                Health and safety

Score                  5       4          3         2          1         Total

Degree                 Very    Above      Average Blow         Very

                       High    Average              Average Low

No of respondents 2            2          3         3          13        23

% of respondents       8.6     7.53       11.8      10.7       51.6      90.23


                                      Graph-6.4

                                Health and safety




                                                         Very high
                                                         Above average
                                                         Average
                                                         Below average
                                                         Very low




        From this graph, it is clear that 8.6% of respondents responded as very high,

11.8% as average and 51.6% as very low.




BABASAB PATIL                                                                     47
                                   Table-6.5

                                Sitting Facility

Score               5       4          3           2       1        Total

Degree              Very    Above      Average Blow        Very

                    High    Average                Average Low

No of respondents 1         3          9           5       4        22

% of respondents    5.38    12.9       33.3        19.4    18.3     89.28


                                   Graph-6.5

                                Sitting Facility




                                                       Very high
                                                       Above average
                                                       Average
                                                       Below average
                                                       Very low




In this analysis, 5.38% of respondents responded as very high, 33.3% as average

and 18.3% as very low.




BABASAB PATIL                                                               48
                                    Table-6.6

                                 Canteen Facility

Score                5       4          3           2         1        Total

Degree               Very    Above      Average Blow          Very

                     High    Average                Average Low

No of respondents 1          2          3           2         15       23

% of respondents     5.38    8.6        11.8        6.45      58.1     90.33


                                   Graph-6.6

                                 Canteen Facility




                                                           Very high
                                                           Above average
                                                           Average
                                                           Below average
                                                           Very low




From this graph, it is concluded that 5.38% of respondents responded as very high,

11.8% as average and 58.1% as very low.




BABASAB PATIL                                                                  49
7. Is there cool drinking water and water in the latrine and urinal
facility?

                                      Table-7

Degree                Agree      Average Disagree Total

No of respondents     8          15         2           25

% of respondents      32.3       60.2       7.5         100



                                   Graph-7




                                                              Agree
                                                              Average
                                                              Disagree




In this analysis, 7.5% of respondents responded as disagree, 60.2% as average and

32.3% as agree.




BABASAB PATIL                                                                 50
8. The opinion regarding the working conditions and hours of the Bank

      The working conditions and hours of the Bank are satisfactory and good but

few of the employees want the working hours to be 10.30am to 5.30pm and

attenders need Sunday holiday.




BABASAB PATIL                                                                51
9. Awareness of welfare schemes of Commercial Bank

                                   Table-9

                 Degree               Yes      No      Total
                 No of respondents    5        20      25
                 % of respondents     21.5     78.5    100




                                  Graph-9




                                                               Yes
                                                               NO




For the awareness of the welfare schemes of employees towards Commercial Bank

only 21.5% are aware and 78.5% are not aware of the schemes.




BABASAB PATIL                                                             52
The following are the schemes which Bijapur DCC bank are aware of

Commercial Bank

            Sl.No Welfare Schemes
            1.    Medical Facility
            2.    Tour Facility
            3.    Retirement Benefits
            4.    LTC( leave traveling concession)
            5.    Staff Welfare Fund
            6.    Family Benefit Fund
            7.    Conveyance Allowance
            8.    Free Quarter Facility
            9.    Overtime Allowance
            10.   Ladies Room
            11.   Tuition Fees
            12.   Lunch Expenses
            13.   Transfer once in a three year
            14.   Special Allowance
            15.   Free Car Allowance
            16.   Bonus
            17.   Leave Surrender
            18.   In charge Allowance
            19.   CAIIB(Certificate of Administration and
                  Indian Institute of Banking)
            20.   Entertainment Allowance




BABASAB PATIL                                                  53
10. Will you join Commercial Bank purely for Welfare Schemes?

                                   Table-10

                 Degree                Yes     No      Total
                 No of respondents     7       18      25
                 % of respondents      29      71      100


                                  Graph-10




                                                                 Yes
                                                                 NO




In this analysis, 71% of employees’ response is No and 29% of the employees is

Yes so it shows that the employees of the BDCC Bank are loyal.




BABASAB PATIL                                                              54
11. Suggestion for BDCC Bank

            It is commendable but computerization in the Bank is very essential

because they have to compete with commercial and urban banks. So as soon as

possible introduce computers and give training about computer to staff to work

smoothly.




BABASAB PATIL                                                               55
                   Summary, Findings and Suggestions

Summary:

            Employee measures occupy an important role in the development of an

organization. A satisfied employee force is an asset for every organization. Mere

wage payment alone will not be sufficient to satisfy the workers. Provision of

adequate benefits will build up a strong and satisfied work force. The health of an

Organization always depends on a strong and satisfied labor force. In the present

study, an attempt is made to examine the various employee welfare schemes or

measures adapted by the “Bijapur DCC Bank” and the effectiveness of such

measures on the labor force of the organization.




BABASAB PATIL                                                                   56
                                  Findings

  Based on questionnaire, personal interview and observation, the following

  findings have been made.




BABASAB PATIL                                                                 57
BABASAB PATIL   58
                                   Suggestions

Based on the findings the following suggestions have been given to improve the

situation of employee welfare schemes

   1. By observation and personal interview we come to know 100% of

      employees mentioned the schemes which they are aware but they don’t

      know all the schemes which Bank is providing to them. So the employees

      should be made aware of the schemes provided by the bank.

   2. The welfare schemes should be maximized to satisfy the employees because

      only 37.6% of employees says welfare schemes of BDCC Bank is very

      high.

   3. The amount of GIS should be increased because only 30.1% of employee

      says very high and 22.6% as average.

   4. The staff welfare fund should be maximized for the benefit of the

      employees.

   5. Festival advance should be given to employees without deducted the money

      from his/her salary.

   6. The health of the organization always depends upon the satisfied labour

      force so provide the welfare schemes to satisfy the employees.

   7. Increase the leave facilities and external training should be provided to the

      workers with qualified training experts to handle the competitive era and

      specially about the computers.




BABASAB PATIL                                                                    59
  8. Medical facilities and sitting facilities in all the branches should be

     improved for the benefit of the employees and as well as to the

     organization.

  9. Canteen facility should be provided in all the branches for the convenient of

     the employees.

  10. Provide cool drinking water and water in the latrine and urinal facility in all

     branches and especially in sindagi branch.

  11. For the knowledge of the employees make them aware of welfare schemes

     of Commercial Bank because only 21.5% are aware.



          The working condition is commendable but the working hours should

  be maintained from 10.30am to 5.30pm. The work should be extracted as per

  the job chart to the employees.




BABASAB PATIL                                                                     60
                                 Conclusions

             The worker should be given fair wages, incentives which will

encourage them to work hard. There exists a good relationship between the

workers and the management.

             The worker should be motivated to work by creating in them sense

of belonging. They will work with pleasure and their productivity will be

increased.

             The Bijapur DCC Bank employees are aware of welfare schemes

and they are satisfied with the Bonus/ Ex-Gratia provide by the Bank.



             Attaching at most importance to Agri Sector, the bank is striving

hard for the development of other fields and marching a head to achieve the set

goal.

             The financial position of the bank is sound and is running under

Audit Class “A” since 1993 so to maintain this and to increase the profit of the

Bank satisfy the employee by providing the welfare schemes. employees are

satisfied from the welfare schemes provided by Bijapur District Central Co-

operative Bank Ltd, Bijapur. But DCC should concentrate more on welfare

schemes in order increase the productivity and satisfaction level of employees.




BABASAB PATIL                                                                    61

								
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