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Presented by:

Sunayana.D - 1623133

M.A. Human Resource Management

M.O.P. Vaishnav College for Women

A Study on the Impact of Welfare Measures on Employee Retention in the Manufacturing Industries of Chennai

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Objectives

To know various employee welfare measures followed in various manufacturing industries

To recognize implications of employee welfare measures on various retention aspects

To understand areas of improvement and need for new employee welfare measures through suggestions

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Methodology

Using secondary research, Employee welfare measures and retention factors were identified and used as part of the questionnaire

An additional section was provided in the questionnaire for any suggestions

Only the Employees working in a manufacturing industries from Chennai were allowed to attend the survey

Responses were collected through online mode using Google forms

Survey respondents were chosen using convenience sampling

The survey results were computed using IBM SPSS Statistics software

Statistical tools used for analysis are:

Frequency

Chi Square

Correlation

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Retention Factors

    • Job satisfaction
    • Job performance
    • Motivation to work
    • Self esteem
    • Physical health
    • Mental health
    • Team cohesiveness
    • Preference to stay at the workplace
    • Attitudinal / behavioural change
    • Quality of work life
    • Statutory welfare measures
      • Health
      • Ventilated workplace, Clean workplace, Good Lighting & Facility for sitting

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      • Safety
      • Provision for Safety accessories, Fire safety measures, Ambulance & First aid kit

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      • Amenities
      • Provision for drinking water. Lunch rooms/ Canteen, Restrooms, Spittoons, Washing facilities, Storing and drying clothes, Changing rooms & Crèches

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      • Monetary
      • Social security benefits (ESI & PF)

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    • Non Statutory welfare measures
      • Medical
      • Medical check ups, Insurance to families & Medi-claim insurance scheme

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      • Leave policy
      • Maternity and adoption leave, Paid vacation & Leave travelling subsidy

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      • Wellbeing
      • Recreation facilities, Transport facilities, Housing scheme, Free or subsidised food, Sports events & Festival celebrations

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      • Career benefits
      • Retirement benefits, Paid Education, Flexi-time/ Work from home & Employee referral scheme

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Demographics of the respondents

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Demographics of the respondents

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Suggestions from the respondents

  • Recognition and rewards for suggesting better employee welfare solutions

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  • Welfare measures that provide more freedom to work like work from home, flexible timings, etc.

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  • Equal Opportunities with paid travel to other branches of company if situated abroad

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  • Paid vacation based on better performance

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  • Welfare measures can include home loan availability for employees

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  • Annual system of providing a list of welfare measures the employees get to choose the required ones to cater to their specific needs

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Conclusion

To the implication of employee welfare measures on retention factors these three aspects were rated higher:

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  • Job satisfaction (54%)

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  • Physical health (51%)

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  • Mental health (51%)

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