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OBJECTIVES OF THE WELFARE PROGRAMMES TYPES OF WELFARE FACILITY Employee Health and safety Objectives of Industrial Relation
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    1 mployee Welfare Welfare means faring or doing well. It is a comprehensive term, and refers to the physical, mental, moral and emotional well-being of an individual. Further, the term welfare is a relative concept, relative in time and space. It therefore, varies from time to time, region to region and from country to country. Employees welfare is a comprehensive term including various services, benefits and facilities offered by the employees thought such a generous fringe benefits the employers makes life worth living for employees the welfare amenities extend in addition to normal wages & other economic rewards available to employees as per the legal provision. The various welfare measures provided by the employees will have immediate impact on the health, physical & mental efficiency, and alertness, moral & overall efficiency of the workers & there will be 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 facility is to enrich the life of employees and keep them happy and contended. OBJECTIVES OF THE WELFARE PROGRAMMES The 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.    2 TYPES OF WELFARE FACILITY Welfare 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 ACTIVITIES Intramural   Extramural   Drinking water Housing Toilet Educational Facility Crèches Maternity benefit Washing & bathing facility Transportation Rest shelter Sport facility Uniform & protective clothing Leave travel Recreation facility Vocational training Canteen Holiday homes Subsidies food Co-operative stores Medical aid Fair prices shops, Social insurance    3 Labour welfare may also be divided into two categories 3)   Statutory welfare work comprising the legal provision in various pieces of labour legislation 4)   Voluntary welfare work includes those activities which are undertaken by employers for their worker voluntarily. Many employers, nowadays, after the following welfare amenities voluntarily. BANK OF INDIA The Bank of India was founded in 7 th  sep 1969 now, Bank of India ,is a body corporate constituted 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 is doing the business of banking which means the accepting of deposits for the purpose of lending or investment, of deposit of money from the public, repayable on demand or otherwise, withdrawal by cheque, draft, order or otherwise in addition to the business of banking 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 the Banking Companies Act,1949 which was later changed to Banking Regulation act 1949 as per amending Act of 1965 Reserve Bank of India was vested with extensive power for the supervision of banking in India as the central banking authority.    4 The Bank of India has undergone various phases in its growth path over the last on e hundred years the “Growth of Bank of India was phenomenal, especially after nationalization in the year 1969 attaining the status of a national level player in term of geographical reach. Today, BOI occupies a premier position in the committee on Indian banks, emerging as the largest nationalization Bank of India in terms of aggregates business volume for 2008-09 with an unbroken record of profits since its inception, BOI continuous its winning performance in a year of Accolades & Awards. VISION To emerge as a best practice bank by pursuing global benchmarks in profitability operational efficiency, asset quality, risk management & expanding the global reach. MISSION To provide quality banking services with enhance customer orientation, higher value creation for stakeholder & to continue as a responsive corporate social citizen by effectively blending commercial with social banking. BOI provide the following welfare facility to their employees. 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 their employees and also bank average for housing loan to employees and encourage them to construct house.

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Jul 23, 2017

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Jul 23, 2017
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