A Study on the Welfare Measures of Employee’s in Tata Steel
INTRODUCTION
“Today we are faced with the pre-eminent fact that, if civilization is to survive, we must cultivate the science of human relationships… the ability of all peoples, of all kinds, to live together, in the same world, at peace.” Franklin D. Roosevelt.
Definitions of key terms
Definition of employee:-
? According to Cambridge English dictionary- someone who is paid to work for someone else
? According to Business dictionary- An individual who works part-time or full-time under a contract of employment, whether oral or written, express or implied, and has recognized rights and duties.(Also called worker)
Definition of an organization:-
? According to Cambridge English dictionary- a group of people who work together in an organized way for a shared purpose
? According to Business dictionary- A social unit of people that is structured and managed to meet a need or to pursue collective goals. All organizations have a management structure that determines relationships between the different activities and the members, and subdivides and assigns roles, responsibilities, and authority to carry out different tasks. Organizations are open systems–they affect and are affected by their environment.
Definition of labor
? According to Cambridge English dictionary – practical work, especially when it involves hard physical effort or workers, especially people who do practical work with their hands
? According to Business dictionary – The aggregate of all human physical and mental effort used in creation of goods and services. Labor is a primary factor of production. The size of a nation’s labor force is determined by the size of its adult population, and the extent to which the adults are either working or are prepared to offer their labor for wages.
Definition of Welfare:-
? According to Cambridge English dictionary- help given, especially by the state or an organization, to people who need it, especially because they do not have enough money. Or the general physical and mental health and happiness of a person.
? According to Business dictionary
1. Availability of resources and presence of conditions required for reasonably comfortable, healthy, and secure living.
2. Government/organization support for the poor and otherwise disadvantaged members of the society, usually through provision of free and/or subsidized goods and services.
Definition of labor welfare
? According to international labor organization- labor welfare means such facilities and amenities which may be established in or in the vicinity of undertaking to enable the persons employed in them to perform their work in healthy, congenial surroundings and provided with amenities to maintain good health and high morale.
Labour welfare can be classified into
• Statutory • Voluntary • Mutual
• Statutory measures are those that are compulsory/mandatory by law and usually given by the state/government to ensure basic livelihood and standard of living of workers.
• Voluntary measures are those measures/actions taken by the employer or management for the betterment or welfare of the workers.
• Mutual is the give and take or bargaining between employer and employee through trade unions (collective bargaining) to achieve both organizational and individual (stakeholders -employee) goals.
Introduction to Tata Group and Sons
“We generate wealth for the people. What comes from the people must, to the extent possible, therefore get back to the people”- Bharat Ratna J.R.D. Tata.
Tata is a house hold name and the Tata group manufactures/provides services in every facet of life prompting the famous line “you wake up with Tata and go to sleep with Tata”.
The Tata logo and name are synonymous with trust and quality built over 150 years (The Tata group was founded in 1868). The Tata group has over 74000 employees spread across 5 continents with operations in 26 countries and a commercial presence in over 50 countries.
Tata Sons Limited is the holding company of the Tata Group and holds the bulk of shareholding in group companies. It was established as a trading enterprise in 1868. About 66% of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the Tata family. The biggest two of these trusts are the Sir Dorabji Tata Trust and Sir Ratan Tata Trust. Tata Sons is the owner of the Tata name and the Tata trademarks, which are registered in India and several other countries.
Tata Group is an Indian multinational conglomerate holding company headquartered in Mumbai, Maharashtra, India. Founded in 1868 by Jamshedji Tata, the company gained international recognition after purchasing several global companies, beginning with Tetley in 2000, recorded as “the biggest acquisition in Indian corporate history. One of India’s largest conglomerates, Tata Group is owned by Tata Sons, a registered charity.
Each Tata company operates independently under the guidance and supervision of its own board of directors and shareholders. There are 29 publicly listed Tata enterprises with a combined market capitalization of about $151.62 billion as of March 1, 2018. Significant Tata companies and subsidiaries include Tata Steel, Tata Motors including Jaguar Land Rover, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Coffee, Tata Swach, Tata Teleservices, Titan, Tata Communications, and The Indian Hotels Company Limited (Taj Hotels).
The Chairman of Tata Sons is usually the Chairman of the Tata Group. Till date there have been 7 chairmen of the group namely – Jamsetji Nusserwanji Tata (1868–1904), Sir Dorab Tata (1904–1932), Nowroji Saklatwala (1932–1938), JRD Tata (1938–1991), Ratan Tata (1991–2012), Cyrus Pallonji Mistry (2012–2016), Ratan Tata (2016–2017), Natarajan Chandrasekaran (2017–present).
Introduction to Tata steel
“Driven by values, delivering on a vision, determined to innovate – Tata Steel is not a company but an experience.”
Tata Steel Limited formerly Tata Iron and Steel Company Limited (TISCO) is an Indian multinational steel-making company headquartered in Mumbai, Maharashtra, India, and a subsidiary of the Tata Group.
Founded on 25 August 1907; 111 years ago by founder Jamsetji Tata it is the start and backbone of the Tata group. It provides export quality steel at low cost and has branches around the world.
It is one of the top steel producing companies globally and the world’s tenth largest steel manufacturing company, with annual crude steel deliveries of 23.88 million tonnes (in FY17), and the second largest steel company in India (measured by domestic production) with an annual capacity of 13 million tones after SAIL.
Tata Steel consists of
• JAMIPOL
• NatSteel Holdings
• Tata Bearings
• Tata BlueScope Steel
• Tata Metaliks
• Tayo Rolls
• Tata Sponge Iron
• Tata Steel
• Tata Steel Europe
• Tata Steel KZN
• Tata Steel Processing and Distribution
• The Tinplate Company of India
• TM International Logistics
Acquisitions
• August 2004 – NatSteel’s Steel business, $292 million
• December 2005 – Millennium Steel, Thailand, $165 million
• January 2007 – Corus Group, $12 billion
Jamshedpur the steel city
Jamshedpur is the most populous urban agglomeration (population of 1,337,131 according to 2011 census of India) in the state of Jharkhand and also the first planned industrial city of India.
Jamshedpur the industrial capital or steel city of Jharkhand was named in 1919 by Lord Chelmsford the then viceroy of India in honor of its founder, Jamsetji Tata. Earlier it was a simple village called Sakchi which has developed into a bustling city also known as Tatanagar or the Steel City as it is home to Tata iron and steel factory.
Thomas Carlyle declared that “the nation which gains control of iron soon acquires the control of gold” in a lecture in Manchester which is supposed to have got Jamsetji Tata thinking.
Jamshetji Tata along with geologist Charles Page Perin found the site to build India’s first steel plant near a village called Sakchi, on the densely forested stretches of the Chota Nagpur plateau, near the confluence of the Subarnarekha and Kharkai rivers. It seemed to be the ideal choice and the place was selected as it was abundant in natural resources such as iron, coal; limestone and water etc.
The construction of the plant as well as the city officially began in 1908 and the first steel ingot was rolled on 16 February 1912. It is a historic day in the history of pre independent industrial India. Jamsetji Tata got the most advanced technology for his plant from steelmakers in Pittsburgh.
Jamsetji’s envisioned a city with buildings with all the comforts and conveniences a city could provide. As a result, most areas of the city are very well planned with various amenities and public leisure places such as the Jubilee Park etc.
While building the city, Jamsetji Tata had said, “Be sure to lay wide streets planted with shady trees, every other of a quick-growing variety. Be sure that there is plenty of space for lawns and gardens; reserve large areas for football, hockey and parks; earmark areas for Hindu temples, Muslim mosques and Christian churches.”
Messrs Julin Kennedy Sahlin along with Jamsetji Tata prepared the first layout of the town of Jamshedpur which as it is today is a testament to their visionary plans and is the only million plus city in India without a municipal corporation.
It is said that the state government proposed a law to end the Tata’s administration of Jamshedpur in 1980’s but the local populace rose in protest and defeated the government’s proposal which then again repeated in 2005, with a similar proposal by lobbying politicians rejected by the populace of Jamshedpur to have a municipality.
Review of literature
1. New work attitude measures of trust organizational commitment and personal need non fulfillment – JOHN COOK AND TOBY WALL MRC Social and Applied Psychology Unit, University of Sheffield, Journal of Occupational Psychology, 1980 printed in Great Britain.
2. International Journal of World Research, Vol: I Issue XX, August 2015, LABOUR WELFARE MEASURES AND PROGRAMMES TOWARDS TRANSPORT CORPORATION LIMITED IN TAMIL NADU
Dr. R. SANTHANAKRISHNAN Assistant Professor, Siga College of Management and Computer Science, Kappiyampuliyur, Villupuram
Dr. M. RAJARAJAN Assistant Professor, Commerce Wing, DDE, Annamalai University,
Annamalainagar-608 002
3. Labour Welfare Measures (Voluntary), Shodhganga
4. Measuring the impact of sustainable policies, principle 3- Employee Welfare, Annual Report 2011-12
5. Labour Welfare and Industrial Health Facilities of Labour Welfare Dr. Shyamal Gomes
Objectives of the study
? To identify the welfare schemes and policies for employee in the organization
? Assess the effectiveness and quality of these welfare schemes/measures
? Employee morale and outlook of the organization’s welfare policy
? Identify any correlation between organizational success and employee welfare
Hypothesis statement
Correlation between the welfare of the employee’s to the success of the organization.
