employee-welfare by central bank of india
TRANSCRIPT
-
8/13/2019 Employee-Welfare by Central Bank of India
1/53
-
8/13/2019 Employee-Welfare by Central Bank of India
2/53
background marital status and economic status and educational level of the workers in
industry.
$elfare measures are a three dimensional concept like total, social and relative.
The %total concept % of welfare is the achievement of a desirable state of existence involving
physical, mental and moral and emotional.
The %social concept% of welfare involves the well being of an individual and harmonious
relationship he establishes with his primary group"his family, his working group " his
colleagues, superiors and subordinates.
The %relative concept% of welfare involves relative to time, place and person.
Need for Labour we fare:
The need for the labour welfare measures arises because of the nature of the industrial system,
which is characterized by two basic factors&
The conditions under which work is carried on are not congenial for health.
$hen a labour joins an industry, he has to work in an entirely strange environment, which
create problems of adjustment.
'ccording to labour investigation committee %The provision of canteens% improves the
physique.
%!ntertainments% reduce the incidence of serious accidents
%(edical aid ) (aternity and child welfare% services improve the health of the workers
and bring down the rates of general, maternal and infantile mortality.
%!ducational facilities increase their mental efficiency and economic productivity%.
CONSTITUTIONAL PRO!ISIONS:
Artic e "#: %The state shall, within the limits of its economic capacity and
*
-
8/13/2019 Employee-Welfare by Central Bank of India
3/53
development, make effective provision for securing the right to work, to education and
to public assistance in case of unemployment and in other case of underserved want%.
Artic e "$: %The state shall make provision for securing just and humane conditions ofwork and for maternity relief%
Artic e "%: %The state shall endeavour to secure by suitable legislation or economic
organization or in any other way to all workers, agricultural, industrial or otherwise
work conditions of work ensuring a decent standard of life and cultural opportunities
and in particular, the state shall endeavour to promoter cottage industries or co"operate
basis in rural areas.
Ob&ecti'e( of abour we fare )ea(ure( are:
a* ECONOMIC: To increase their efficiency and effectiveness so that they can perform
better in different work situations+ keep them contended and reduce the chances of conflict.
b* +UMANISTIC: To treat them as normal human beings by providing basic facilities
and amenities.
c* CI!IC: To develop a sense of responsibility dignity of labour and participatory
culture among them.
Princi, e( of ade-uac. of we fare:
Princi, e of ade-uac. of we fare: /
abour has a right to adequate wages. ut high wages alone cannot create healthy work
environment. ' combination of both " wages and welfare measures would improve workers
satisfaction, morale and motivation.
-
-
8/13/2019 Employee-Welfare by Central Bank of India
4/53
Princi, e of t0e (ocia re(,on(ibi it. of indu(tr.: /
Industry has an obligation or duty towards its employees to look after their welfare. abour
welfare is highlighted as a state policy in the directive principles of Indian constitution.
Princi, e of Efficienc.:
!mployees accept the responsibility for implementing such labour welfare measures which
they consider will increase their efficiency.
Princi, e of re/,er(ona i1ation: /
This principle emphasizes the development of human personality as the aim of welfare
measure. ecessary to implement Intra mural and extra mural welfare services are
implemented.
Princi, e( of tota it. of we fare: /
In this the necessity of labour welfare must be felt and convinced by all levels of management.
This requires reduction, retraining and re"orientation of managers at all levels.
Princi, e( of inte2ration and co/ordination: /
The co"ordination approach is essential through out the organization so that fall benefit is
derived out of welfare measures. This is through systems approach where organization consists
of subsystems integrated together as one whole system.
Princi, e( of ,artici,ation: /
It highlights the democratic principles of mutual consultation example+ committees for
canteens, sports etc.
Princi, e( of re(,on(ibi it.:
oth employees and employee are responsibility for labour welfare. Trade union leaders as the
workers representatives must play a positive role they must co"operate with management to
provide essential welfare measures without hampering the economic viability of the
establishment. !xamples are union participation in committees like canteen committee of
/
-
8/13/2019 Employee-Welfare by Central Bank of India
5/53
welfare measures. 0uitable
(I0 can be installed success or this process can periodically evaluate failure, accountability of
failure can be fixed.
Princi, e( of ti)e ine((: /
$elfare measures must be provided in time and when needed most+ untimely assistance is not
only wasteful but antagonizes the workers. This requires proper planning and control.
The other objectives of labour welfare&
To give expression to philanthropic and paternalistic feeling
To win over employees loyalty and increase their moral.
To combat trade unionism and socialistic ideas
To buildup stable labour force, to reduce labour turnover and absenteeism
To save oneself from heavy taxes on surplus profits
To earn goodwill and enhances public image
To make recruitment more effective
3EFINITION:
1
-
8/13/2019 Employee-Welfare by Central Bank of India
6/53
The term employee welfare, labour welfare or workers are related terms. !mployee welfare is
defined as %The voluntary efforts of the employees to establish with in existing industrial
system and sometimes living and cultural of the employee beyond that which is required by
low, the custom of the industry and the conditions of the market.
The labour investigation committee has defined employee welfare as %anything done for
intellectual, physical, moral and economic betterment of the workers whether by employees by
government or by other agencies over and above what is laid down by law or what is normally
expected on the part of the contractual benefit for which workers may have bargained.
Internationa Labour Or2ani1ation 4ILO* report refers to labour welfare as&
0uch services, facilities and amenities as may be established in or in the vicinity of
understandings to enable the performs employed in them to perform their work in healthy,
congenial surroundings and provided with amenities conducive to good health and high
morale%.
Feature 5 c0aracteri(tic( of abour we fare: /
It is the work, which is usually undertaken within the premises or in the vicinity of the
undertaking for the benefit of the employee and the members of his family.
The work generally includes those items of welfare, which are over and above. $hat is
provided by satisfactory provisions or required by the custom of the industry or what the
employee expects as a result of a contract of service from the employees.
The purpose of providing welfare animates is to bring out the development of the whole
personality of the worker .his social, psychological, economic, moral, cultural and
intellectual development to make him a good worker, a good citizen and a good member
of the family. These facilities may be provided voluntarily by progressive and enlightened
entrepreneurs of their own accord out of their realization of social responsibility to labour
or statutory provisions may complete them to make these facilities available or there may
be there may be the government or trade unions may undertake them if they have the
necessary funds for the purpose.
2
-
8/13/2019 Employee-Welfare by Central Bank of India
7/53
abour welfare is a very broad term covering social security activities as medical aid,
creches, canteens, recreation, housing, adult education, arrangements for the transport of
labour to and from the work place.
It may be noted that not only intra"moral but also extra"moral, statutory as well as non
statutory activities undertaken by any of the three agencies" for the physical and mental
development of a worker.
The 3ommittee of experts on welfare facilities for industrial workers convened by
I 4 includes the following items under labour welfare.
We fare and A)enitie( wit0 t0e ,recinct( of t0e e(tab i(0)ent:/
#. atrines and urinals*. $ashing and bathing facilities
-. 3reches
/. 5est shelters and canteens
1. 'rrangements for drinking water
2. 6ealth services including occupational safety
7. 'rrangement for prevention of fatigue.
8. 'dministrative arrangements for the welfare of employee
9. :niform and protective clothing
#;. 0hift allowance
We fare out(ide t0e e(tab i(0)ent: /
#. (aternity benefit
*. 0ocial insurance measures
-
8/13/2019 Employee-Welfare by Central Bank of India
8/53
8. 6oliday homes and leave travel facilities
9. $orkers co"operative including consumers co"operative stores fair price shops and co"
operative credit and thrift societies.
#;. >ocational training for dependent of workers##. 4ther programme for the welfare of women, youth and children
#*. Transport to and from the place of work.
C a((ification: /
The classification of labour welfare is based on dividing industrial welfare into - categories,
which are as follows&
0tatutory
on statutory ? voluntary
(utual
Statutor.: /
0tatutory facilities to those provisions, which redressed from the concessive power of
government. The government exacts legislations regarding working and laying conditions,
minimum wages, safety and security such statutory provisions are gradually increasing along
with industrial development.
!o untar.: /
' voluntary facility refers to those activities, which are undertaken by employees for their
workers. They primarily oriented to democratic value system. 0uch welfare activities can
increase the efficiency of workers and reduce the chance of conflict between the employees
and employee.
Mutua : /
' mutual facility refers to those activities, which are initiated by workers for their betterment
in suitable manner. @or instance unions undertake certain welfare activities for social and
8
-
8/13/2019 Employee-Welfare by Central Bank of India
9/53
economic betterment of their members.
Statutor. ,ro'i(ion( 'ariou( act(: /
There are the amenities that are to be necessarily provided to the employees under differentlegislations. The important legislations, which call for these provisions, are.
#= The @actories 'ct, #9/8
*= The Alantation 'ct, #91#
-= The (ines 'ct, #91*
/= The (otor Transport 'ct, #92#
1= The 3ontract abour 5egulation and 'bortionB 'ct, #97;
T0e Factorie( Act6 #7"8: /
This 'ct is applicable to premises including precincts where #; or more workers are employed
with aid of power or where *; or more workers are employed without power. $elfare
amenities provided are washing storing, sitting, first aid facilities, canteens, shelters, creche,
welfare officers and other facilities.
T0e , antation Act #79$: /
The 'ct has provisions for creating canteens, recreation facilities, medical act, housing
facilities, protection amenities to workers like umbrellas, blankets, raincoats etc.
T0e Miner( Act #79$: /
This act has provisions for creating shelters, canteens, first aid boxes, pithead bath, lavatories,
lockers, welfare offices etc.
T0e Motor Tran(,ort Wor er( Act6 #7;#: /The motor transport undertakings are required to make the following provisions as canteens,
clean ) well very ventilated rest rooms, uniforms, rain coats, washing allowances, medical
facility etc.
T0e Contract Labour 4Re2i(tration < Abo ition* act #7=>: /
9
-
8/13/2019 Employee-Welfare by Central Bank of India
10/53
The contractor has to provide the following welfare ) health measures such as canteens,
washing facilities ) first aid facilities, rest room etc.
Labour we fare officer(: /The labour officers act as the middlemen between the management ) the workers. The post of
labour welfare officer instituted mainly to
!liminate the evils ) malpractices of the jobber system in the recruitment of the
labour.
To develop ) improve labour administration.
To serve as a liasion with the state commissioner.
Function( of abour we fare officer: /
0upervision
3ounseling workers
'dvising management in some matters
!stablishing liasion with workers
!stablishing liasion with management
$orking to maintain harmonious industrial relations in the organization
To improve productivity ) produce effectively of the organization
(any activities are there in labour welfare system but few major areas are selected for the
study as follows&
#= !ducational facilities *= (edical facilities
-= 3anteen facilities /= Tran(,ort faci itie(
1= oan facilitiesINTRO3UTION:
3entral ank of India was established in #9##. It was the first Indian commercial bank, which was
wholly owned and managed by the Indians. The established of the bank was the ultimate
realization of the dream of 0ri 0orabji Aochkhanwala, who was the fonder of the bank. 0ri sorabji
#;
-
8/13/2019 Employee-Welfare by Central Bank of India
11/53
pochkhanwala proclaimed 3entral ank as the property of the ation and the countryCs asset and
it lives on peopleCs faith. The ank regards itself as the peopleCs own bank. 3entral ank of India
was nationalized in the year #929.!ven after nationalization it continued to introduce a number of
innovative schemes in service of its customers.
During the past 9-years of its extensive the bank has weathered many storms and faced many
challenges. The bank could successfully transform every threat in to business opportunity and
excelled over its peers in banking industry.
MOTTO:
The (otto of the ank is
?@UIL3 A @ETTER LIFE AROUN3 US
CORPORATE !ISION:
To emerge as strong, vibrant and proactive ank?@inancial super market and to positively
contribute the emerging needs of the economy through consistent harmonization of human,
financial and technological resources and effective risk control system.
MILESTONES AC+IE!E3 @Y T+E @ANB:
#7$#: Introduction to the E6ome 0avings 0afe Deposit 0chemeF to build 0aving?thrift habits in all
sections of the society.
#7$%: Taking over of the management of the union ank of India imited, and the amalgamation
of the Tata industrial bank with 3entral ank.
#7$": 'n !xclusive adies Department to cater to the bank $omen 3lientele.
#7$;: 0afe deposit locker facility and 5upee Travelers 3herub facility.
#7$7: 0etting up of the !xecutor and trustee Department.
#7%$: Deposit Insurance enefit 0cheme.
##
-
8/13/2019 Employee-Welfare by Central Bank of India
12/53
#7;$: 5ecurring Deposit 0cheme.
#7=;: The (erchant anking cell was established
#78>: 3entral ank 4f India is the first bank to introduce the 3redit 3ard facility, at 6yderabad.
3entral 3ard, IndiaCs first domestic credit card is affiliated to E(aster 3ardF and E>isaF.
#78;: Alatinum Gubilee (oney ack Deposit 0cheme $as aunched.
#787: The 6ousing 0ubsidiary cent ank 6ome @inance td. $as started with its head quarters at
hopal in (adhya Aradesh.
#77": Huick cheque collection service >#: 3/3 3ampaign 3entralities for customers, which is an integrated customer relationship
programs.
@RANC+ES AN3 EMPLOYEES STREN T+:
3entral ank of India has a large network in *7 0tates and / :nion Territories. Its network
consists of -#/2 branches and *71 extension centers as on (arch *;;1. The number of branches
in backward states is #7/-. The number of computerized branches is 9;-.when the bank was
started in #9## it had a staff of -; members. Today there are more than -8,1;; employees of all
categories. 't present 3entral ank of India has 77 regional offices and there are #7 Jones of
3entral ank 4f India. That is 'gra, 'hmedabad, hopal 3entral 4ffice, 3handigarh, 3hennai,
Delhi, Kowhati, 6yderabad, Lolkata, ucknow, (umbai (etropolitan, (uzaffapur, agpur,
Aatna, Aune and 5aipur. Leeping in view the guidelines given by the Indian anks 'ssociation,
the bank has formulated a voluntary retirement 0cheme 50=. The total number of employeeswho have opted for >50 is 78;; approximately in *;;#. Detailed performance indicators of the
ank for *;;/";1 are given in page *;.
3EPOSIT SC+EMES: 3entral ank of India has formulated a host of tailor made schemes to
meet the diverse requirements of its varied clientele. There are as follows& "
#*
-
8/13/2019 Employee-Welfare by Central Bank of India
13/53
#. (oney (ultiplier Deposit 3ertificate. idyardhi.
1. 3ent >yapari 0cheme.
2. Aersonal oan 0cheme.
7. 3ent (ortgage.
8. 3ent Trade.
9. 3ent 5entals.
#;. 3ent 3omputer.
##. 3ent iquid.
#*. 3ent 0chool.
The bank has laid special emphasis on industrialization and agriculture has been, and will longcontinue to be the backbone of countryCs economy realizing this, 3entral ank of India has always
given high priority to financing the production and marketing of the agricultural commodities. The
banks contribution to the financing of the organized industrial sectors comprising textiles, sugar,
vanaspati, cement, iron and steel, engineering and jute has been no less substantial, Tea plantations
have also received a large measure of support from the bank.
#-
-
8/13/2019 Employee-Welfare by Central Bank of India
14/53
OT+ER SER!ICES:
#. 3entral card.
*. TravelerCs cheques.
-. Kift cheques.
/. 3entralCs 0tock Invest.
1. 3entralCs Huick 3heque collection 0ervice. illage and 3ottage?Tiny Industry
v= 0mall 0cale Industries.
vi= 'griculture and 'llied 'ctivities.
vii= Kovernment 0ponsored programs
$* SWARNA DAYANTI UR@AN EMPLOYMENT SC+EME: This has two features&
a= :rban 0elf"!mployment Arogramme
b= :rban $ages !mployment Arogramme
This 0cheme is intended to provide profitable employment for unemployed or under employed
urban villagers. :nder this scheme wages oriented scheme has been started in all major cities from
#st December #997.
INTERNATIONAL @ANBIN SC+EMES:
#/
-
8/13/2019 Employee-Welfare by Central Bank of India
15/53
The bank has extensive agency arrangements with leading banks throughout the world. There has
always been the most relationship with foreign correspondent banks.
REPATRIA@LE SC+EMES:
# Non/Re(ident 4E terna * Account( 4NRE* in Indian Ru,ee(: / under this scheme you
may open your deposit 'ccount with a savings account?Term Deposit 'ccounts? 5e" Investment
Deposit 0cheme? Goint 'ccount ? omination facilities ? 5upee funds.
$ Forei2n Currenc. Non/Re(ident 4FCNR* Account(: / It can be held only as @ixed Deposits and
can be opened either in Aound 0terling, :.0.Dollar, Deutsche (ark or Gapanese Men.
% Re(ident Forei2n Currenc. Account( 4RFC*: This account can be opened by those who had
returned to India permanently after a continuous stay abroad for a minimum period of one year.
NON/REPATRIA@LE SC+EMES:
#. Non/ re(ident 4ordinar.* Account( 4NRO*: / 54 'ccount can be opened in savings ? Term
Deposits ? 3urrent 'ccount in Indian 5upees remitted from abroad.
*. Non G Re(ident 4S,ecia * Ru,ee 4NRSR* account (c0e)e & 505 accounts can be opened insavings ? Term Deposit ? 3urrent accounts in Indian 5upees. omination facility is also
available
% NonGRe(ident 4Non/Re,artriab e* Ru,ee 3e,o(it (c0e)e 4NR NR R3S*: " 'll on
5esident, Indians and foreigners
benefit from the high interest rates. This account will be maintained in Indian 5upees out of
funds remitted from abroad.
PERFORMANCE +I +LI +TS OF T+E YEAR $>>"G$>>9 4R( in crore(*
#1
-
8/13/2019 Employee-Welfare by Central Bank of India
16/53
Perfor)ance Para)eter %# >% $>>9 %# >% $>>"
#. 4peration Arofit #2;9 #1*9 et Arofit -17 2#8
*. Total Deposits 2;71* 119;9Kross 'dvances *9;81 *//72Total usiness 898-7 8;-81
et Investment -;8-1 -#/;1-. Ariority 0ector 3redit #**#2 99*1
'griculture 3redit 1#-7 -*7#/. Kross A' *2*# *9/-
Kross A'
-
8/13/2019 Employee-Welfare by Central Bank of India
17/53
workman as defined under section *
-
8/13/2019 Employee-Welfare by Central Bank of India
18/53
Rei)bur(e)ent of additiona Medica e ,en(e( to e), o.ee(5de,end( (ufferin2 fro)
i ne(( eadin2 to +o(,ita i1ation and 5or do)ici iar. treat)ent
The objective of this scheme is to provide reimbursement of medical expenses to certain
extent to employees?dependent, family members either home or hospital over and above
the amount sanctioned under the hospitalization scheme of ipartite ? 405.
+o(,ita i1ation (c0e)e for Per)anent Part/Ti)e Safai Bar)ac0ari( 4PTSB*:
The objective of this scheme is to provide financial assistance in the form of
reimbursement of 6ospitalization expenses incurred by Aermanent Aart"Time 0afai
Larmacharis
-
8/13/2019 Employee-Welfare by Central Bank of India
19/53
himself and?or his spouse, under the 0$0"(edical assistance 0cheme to retired
employees.
Tran(it 0o)e( at Mu)bai6 C0ennai6 Ca cutta and New 3e 0i for t0e (taff )e)ber(
and t0eir fa)i . )e)ber(
In furtherance of the welfare of staff, bank to start with, has established Transit
home?'ccommodation at ew Delhi, (umbai, and 3alcutta ) 3hennai for the purpose of
stay by the staff members?dependents, who are coming for (edical treatment thereat. The
allotment should be given based on the E@irst 3ome @irst serveF and there shall be a
common list for all categories of employees irrespective of their cadre.
Tie/u, arran2e)ent in re,uted 0o(,ita ( for re(er'ation of bed( 5 credit tie u,
arran2e)ent
The facility should be available to all staff members and their family members who are
eligible for reimbursement of hospitalization expenses under bipartite settlement?officersC
service regulations. In furtherance of the welfare of the staff, a scheme for tie"up
arrangement wit reputed hospital, viz. (adras (edical (ission for treatment of 3ardio"
>ascular diseases for all the staff members and their dependents has been introduced.
Reward to t0e c0i dren of e), o.ee( of t0e @an w0o ,a(( SSC and 0i20er (econdar.
e a)ination )eritoriou( .
The objective of the scheme is, this scheme was introduced with a view to promote and
encourage the spirit of competition among the children of employees to pass 003?603
examination with higher percentage of marks.
E(tab i(0)ent of 0o ida. 0o)e(
The objective is rest and recreation is invaluable for an employee. esides enabling the
employees to spend quality time with his family, it also helps him to refresh himself and
re"channels his energies. The ank has, therefore, started holiday homes at various places
#9
-
8/13/2019 Employee-Welfare by Central Bank of India
20/53
for its employees at concessional tariffs. The facility of holiday home can be availed by all
the employees of ank and it has also been extended to retired employees of the bank as a
gesture of good will subject to availability of suites at the time of booking after priority to
the existing employees.
Rei)bur(e)ent of tuition fee(5co(t of te t boo (5co(t of unifor) for (c0oo education
to two c0i dren of t0e (ub ordinate (taff and rei)bur(e)ent of (c0oo tuition fee(5co(t
of te tboo ( to two c0i dren of ot0er (taff )e)ber(
The objective of the scheme is to provide a limited amount of financial incentive and
support to staff member. The scheme covers reimbursement of tuition fees?cost of text
books?cost of uniforms for school education of two dependent children of the sub ordinatestaff
-
8/13/2019 Employee-Welfare by Central Bank of India
21/53
*. To find out how effectively existing welfare measures have been implemented.
-. To examine the satisfaction level of !mployees regarding welfare measures provided by the 4rganization.
/. To identify the existing employ welfare facilities particularly,
!ducational facilities
(edical facilities
3anteen facilities
6ousing facilities and Transport facilities.
1. To know and suggest improvements regarding the various welfare measures, programs
and schemes taken up by the organization for the betterment of workers.
2. To analyze and suggest further improvement of existing welfare facilities in the
organization.
Re(earc0 Met0odo o2.
Need for t0e (tud.:
$elfare measures are measures, which promotes the physical, psychological well being of the
working population. !mployees are recognizing the importance of labour welfare activities in
India very recently, government, by other agencies.
!ncourage the employees.
5ecruit and retain the best personnel to increase and improve employee morale.
*#
-
8/13/2019 Employee-Welfare by Central Bank of India
22/53
Develop employees economically and socially.
Arovide primary needs.
(otivate employees for increasing efficiency.
3reating the sense of social goods.
Increase productivity and to maintain good industrial human relations.
Improve the standards of living of workers, housing, minimum wages and other benefits are
bound to create a feeling of satisfaction among the workers and are therefore more helpful in
reducing the extent of labor turn over and absenteeism.
Arovisions of good medical and working conditions, recreational, educational are bound to
increase the mental efficiency and economic productivity of industrial workers.
Sco,e of Stud.:
The issues of welfare measures are related to overall development of workers both the physical
and physiological being. !mployee welfare programs create a sense of belonging andadequacy that benefits the organization in the long run.
6ence the major study includes scope of the study is related to the employee welfare measures,
like (edical facilities, !ducational facilities, 3anteen facilities, 6ousing facilities and
Transport facilities, the innovative programs by the government for the workers through the
different mechanisms and how the welfare is implied in the organization to the employees and
their families which ultimately benefit the organization in the long run.
Met0odo o2.:
oth the primary and secondary research was conducted during the study.
Source( for co ection of data:
Secondar. 3ata: Data collected from books, annual 5eports of the organization are known as
**
-
8/13/2019 Employee-Welfare by Central Bank of India
23/53
secondary data. 3ollection of other relevant information through secondary sources like
Internal records and Gournals booklets.
5eports and the manuals of the company
Li)itation(:
#. The time allotted for project is very less.
*. @ear to give negative answers.
-. 0ome employees due to their busy schedules did not give opinion.
/. 's they are bound with rules and regulations of their bank, they are not able to reveal
the facts.
The observations made in this chapter and analysis there of are based on a questionnaire which
covers the following major areas.
#. $orking atmosphere
*. umber of employees aware of facilities
-. 'wareness of various facilities
/. $elfare measures for the betterment of organization
1. (otivation of employee through employee welfare measures
2. !mployee satisfaction on employee welfare measures
7. 0ense of security
8. !ducational @acilities
9. !ducational loans provided by ank
#;. (edical 'ssistance 0chemes
##. Is (edical risk for his?her family covered by ank
#*. 6ousing @acilities
#-. 0atisfaction level on benefits provided by ank
*-
-
8/13/2019 Employee-Welfare by Central Bank of India
24/53
#/. Transport @acilities
#1. 3anteen @acilities
#2. Keneral @acilities
#7. $elfare and 0ocial (easures conveyed by the management
#8. !ffectiveness of $elfare (easures
#9. $hether the $elfare measures are periodically reviewed#* Tit e: Wor in2 at)o(,0ere
$hen the respondents are enquired about the working atmosphere, the views are based on the
age of the respondents, the following responses are observed.
A2e
$ork
'tmosphere
@e ow $9 $9 G %9 %9 G "9 Abo'e "9 Tota
E ce ent ;N -N 7N #;N $>Jood ;N #;N -7N -;N ==J
A'era2e ;N ;N -N ;N %JPoor ;N ;N ;N ;N >JTota >J #%J "=J ">J #>>J
0% 3%10%
0%
7%
37%
0%
10%
30%
0%
0%
10%
20%
30%
40%
50%
% o f R e s p o n
d e n
t s
Below 25 25 - 35 35 - 45 Above 45
Age
Working Atmosphere
oor
Aver!ge
"ood
#$ ellent
*/
-
8/13/2019 Employee-Welfare by Central Bank of India
25/53
Inference: $hen respondents a asked about the working atmosphere and they are viewed
based on the age, most of the respondents agreed that they are provided with good working
atmosphere and some of the respondents agreed that they are provided with the excellent
working atmosphere.
Inter,retation: 77N of the respondents of all age groups agreed that the working condition is
good while *;N of all the age groups agreed that the working atmosphere is excellent where as
/7N of the respondents of the age between -1 /1 and above /1 agreed that the working
atmosphere is good and only #-N of the respondents of the age below -1 agreed as good, as
they compared with the facilities provided by private bank and hence the respondent showing
poor is nil.
*1
-
8/13/2019 Employee-Welfare by Central Bank of India
26/53
$* Tit e: Nu)ber of E), o.ee( aware of Faci itie(
$hen 5espondents were asked to give their views pertaining to awareness of various
@acilities, following responses were observed.
Awarene(( of faci itie( Ye( No
No of E), o.ee( ** 8J Of E), o.ee( 7-N *7N
AWAR#'' () )A*+,+-+#'
27%
73%
YesNo
Inference: $hen 5espondents were asked to give their views pertaining to awareness of
various facilities, most of sample respondents agreed that they are aware of various facilities.
Inter,retation: 7-N of the sample respondents felt that they are aware of various @acilities+
where as *7N of the respondents are not aware of these facilities.
%* Tit e: Awarene(( of 'ariou( Faci itie(
$hen the respondents were enquired about the various facilities they were aware of, thefollowing responses were observed.
a= !ducational @acilities b= (edical @acilities
c= 6ousing @acilities d= 3anteen @acilities e= 'll
facilities
*2
-
8/13/2019 Employee-Welfare by Central Bank of India
27/53
% of Respondents
9%
14%9%
23%45% a,b & c
a,b,c & db,c & d
a & d
only e
Inference: when respondents were asked to know the facilities they are aware of, it is
concluded that most of the respondents are aware of all the @acilities provided by the bank.
Inter,retation: /1N of the respondents are aware of all the facilities provided by the
organization where as *-N of the respondents are aware of !ducational facilities, (edical
facilities, 6ousing facilities ) 3anteen facilities while #/N of the respondents are aware of
(edical facilities, 6ousing facilities ) 3anteen facilities and 9N of respondents are aware of
!ducational facilities, (edical facilities, 6ousing facilities ) 3anteen facilities.
Faci itie( No of Re(,ondent( J Of Re(,ondent(A6 b < c * 9N
A6 b6 c < d 1 *-N@6 c < d - #/NA < d * 9NOn . e #; /1N
*7
-
8/13/2019 Employee-Welfare by Central Bank of India
28/53
"* Tit e: We fare )ea(ure( for t0e better)ent of t0e or2ani1ation
$hen respondents were asked to rank, whether the employee welfare measures work for the
betterment of the organization.
Ran (
!iew(# $ % " 9
a= To improve efficiency of the
employees--N /-N *;N /N ;N
b= To build up the organization ;N #/N /-N *-N *;Nc= To achieve only tangible and
temporary benefits/N 7N #;N *;N 2;N
d= To retain skilled employees /N *-N #;N /-N *;Ne= To built up human assets and
employee loyalty to achieve the
long"term goals
2;N #-N #7N #;N ;N
*8
-
8/13/2019 Employee-Welfare by Central Bank of India
29/53
43%
20%
4%0%
43%
23% 20%
10%
60%
23%
43%
60%
13% 17%
10%
0%
33%
0%
14%4% 7%
20%
4% 10%
20%
0%
10%
20%
30%
40%
50%
.0%
/0%
1 2 3 4 5
R!nks
% o
f R e s p o n
d e n
t s
a
bcde
Inference: $hen respondents are asked to rank, how these employee welfare measures work
for the betterment of the organization, most of the respondents ranked to achieve only tangible
and temporary benefits and to build up human assets ) employee loyalty to achieve the long"
term goals.
Inter,retation: 2;N of the respondents ranked, to achieve only tangible benefits and
temporary benefits and to built up human assets ) employee loyalty to achieve the long term
goals, while /-N of the respondents ranked, to improve efficiency of employees, to build up
the organization and to retain skilled employees.
*9
-
8/13/2019 Employee-Welfare by Central Bank of India
30/53
9* Tit e: Moti'ation of E), o.ee t0rou20 E), o.ee We fare Mea(ure(
$hen sample respondents were enquired whether these employee welfare measures help the
organization to motivate its employee so that these valuable human resources can be
effectively utilized for improving the performance of the organization, the following responses
were observed.
73%
20%
0%
20%
30%40%
50%
.0%
/0%
0%
1 True
2 True to someextent
3 Not oss!ble atall
4 Not oss!ble"!t#out em loyee"!ll to excel
S NO !IEW J OF RESPON3ENTS# True 7-N* True to some extent *;N- ot possible at all 7N/ ot possible without employee will to excel ;N
-;
-
8/13/2019 Employee-Welfare by Central Bank of India
31/53
Inference: $hen respondents were asked to give their opinion regarding the employee welfare
measures, most of the respondents are accepting that these employee welfare measures help
the organization to motivate its employee so that these valuable human resources can be
effectively utilized for improving the performance of the organization, while some of therespondents are accepting to some extent.
Inter,retation: 7-N of the respondents felt that it is True i.e. these employee welfare
measures help the organization to motivate its employee so that these valuable human
resources can be effectively utilized for improving the performance of the organization, where
as *;N of the sample felt that it is true to some extent and 7N of the sample respondents are
felt as ot possible at all.
;* Tit e: E), o.ee Sati(faction on E), o.ee We fare Mea(ure(
$hen respondents were enquired on the 0atisfaction level of !mployee $elfare (easures, the
following responses are observed.
-#
-
8/13/2019 Employee-Welfare by Central Bank of India
32/53
10%
0%0% 3%0%
10%7%0%
90%
0% 0%
57%
37%
3%
33%
50%
7%
43%43%
7%
0%
10%
20%
30%
40%
50%
.0%
/0%
0%
0%
100%
S a t i ( f i e d
S a t i ( f i e d t
o C a n n
o t ( a .
3 i ( ( a t i ( f i e d t o ( o
) e e F t e n t
T o t a . 3
i ( ( a t i ( f i e d
Loan
Faci itie(
Medica
@enefit(
Ot0er
@enefit(
Cenera
Faci itie(
Inference: $hen 5espondents were enquired about the satisfaction level, most of the
respondents are fully satisfied with the loan @acilities, some of the respondents are satisfied to
some extent, while some of the respondents are satisfied with the (edical facilities.
Inter,retation: 9;N of the respondents are satisfied with the loan facilities, where as 17N of
the respondents are satisfied to some extent with the (edical @acilities, 7N of respondents are
dissatisfied to some extent with the Keneral @acilities and #;N of the respondents are totally
dissatisfied with the other benefits.
Sc0e)e( Sati(fied
Sati(fied to
So)e e tent Cannot (a.
3i((ati(fied to
(o)e e tent
Tota .
3i((ati(fiedoan @acilities 9;N #;N ;N ;N ;N
(edical enefits -7N 17N ;N -N -N4ther enefits 1;N --N 7N ;N #;NKeneral @acilities /-N /-N 7N 7N ;N
-*
-
8/13/2019 Employee-Welfare by Central Bank of India
33/53
=* Tit e: Sen(e of Securit.
$hen respondents are enquired that whether these welfare measures provide sense of security,
the following responses were observed.
S NO !IEW J OF RESPON3ENTS# Mes 8;N* (ay e *;N- o ;N
--
-
8/13/2019 Employee-Welfare by Central Bank of India
34/53
'ense of 'e rit20%
$0%
0%
Yes
ay &e
No
Inference: (ost of the respondents viewed that these !mployee $elfare (easures provides
the sense of 0ecurity.
Inter,retation: 8;N of the respondents agreed that these !mployee $elfare (easures
provide the sense of security, while *;N of the respondents agreed that these measures provide
the 0ense of 0ecurity.
8* Tit e: Educationa Faci itie(
$hen respondents were enquired about the 0atisfaction level on the !ducational 'llowance
for 3hildren and for 0elf"!ducation, the following responses are observed.
EducationaA owance Sati(fied
Sati(fied toSo)e e tent Cannot (a.
3i((ati(fied toSo)e e tent
3i((ati(fied toSo)e e tent
Tota .3i((ati(fied
For c0i dren --N -7N 7N #-N #-N #;NFor (e f
education *7N /;N #;N #;N #;N #-N
-/
-
8/13/2019 Employee-Welfare by Central Bank of India
35/53
33%37%
7%13%
27%
40%
10%10%13%
10%
0%5%
10%15%20%25%30%
35%40%45%
)or hildren )or self ed !tion
0atisfied
0atisfied to someextent
3annot say
Dissatisfied tosome extent
Totallydissatisfied
Inference: Mo(t of t0e re(,ondent( are 'iewed t0at6 t0e Educationa a owance ,ro'ided
for C0i dren Education and for Se f Education are (ati(fied to (o)e e tent
Inter,retation: -7N of the respondents are satisfied with some extent and --N of the
respondents are satisfied with the educational allowance provided for children where as /;N
of the respondents are satisfied to some extent and *7N of the respondents are satisfied with
the educational allowance provided for self education.
9=Tit e: Educationa oan( ,ro'ided b. @an
$hen 5espondents are enquired about the ank loans provided for various !ducational
facilities, the following responses are observed.
Educationa oan( Ye( Ma. be No!ducational leave for self -;N --N -7N
@or self education 2;N *-N #7Noan for dependents 8;N 7N #-N
-1
-
8/13/2019 Employee-Welfare by Central Bank of India
36/53
#d !tion!l ,o!ns
60%
23% 17%30% 33%
37%
$0%
7% 13%
0%
20%
40%
.0%
0%
100%
es 6! be &o
'or sel( educat!on
)ducat!onallea*e (or sel(
+oan (or de endents
Inference: when respondents are enquired about the !ducational facilities provided by bank,most of the respondents viewed that they are provided with the oan for 0elf !ducation and
oan for dependents and some of the respondents viewed that they may be provided with the
educational leave for self.
Inter,retation: 8;N of the respondents agreed that they are provided with the loan for
dependents, 2;N for 0elf, -;N for !ducational leave for 0elf and --N of the respondents
agreed that they may be provided with the !ducational leave for self, *-N and 7N for 0elf
!ducation and loan for dependents.
-2
-
8/13/2019 Employee-Welfare by Central Bank of India
37/53
#>* Tit e: Medica A((i(tance Sc0e)e(
$hen the sample respondents were enquired about the (edical 'ssistance schemes provided
by ank, the following responses are observed.
-;N
1/N
-N
#;N
-N
/7N
1;N
-N
;N;N
--N
17N
7N
-N;N
-N7N
-;N
*7N
--N
-N
#;N
*7N
--N
*7N
*7N
1;N
#-N
-N7N
*;N
-;N
*/N
#-N
#-N
*-N
*-N
*7N
#7N
#;N
J o
f R e ( , o n d e n
t (
Sc0e)e(
Medica A((i(tance Sc0e)e(
Totally-!ssat!s(!ed
-!ssat!s(!ed tosome extent
.annot say
/at!s(!ed tosome extent
/at!s(!ed
Inference: (ost of the respondents are satisfied to some extent with the 6ospitalization
expenses for self and for dependents, (edical aid, and Transit 6omes, while some of the
respondents are satisfied with the (edical aid on 5etirement and hospitalization expenses for
self after 5etirement, while some dissatisfied with the (edi"claim insurance card for self and
for dependents.
Inter,retation: 17N of the respondents are satisfied to some extent with the 6ospitalization
expenses for dependents, 1;N with the 6ospitalization expenses for self, 1/N with the
(edical aid, 1;N with the Transit home and -;N with the (edical aid on retirement, where as
*-N of the respondents are satisfied with the 6ospitalization expenses for self after
Medica Faci itie(0atisfied
0atisfied to0ome!xtent
3annot0ay
Dissatisfied tosome extent
TotallyDissatisfied
a= (edical aid as a lumpsum amount -N 1/N -N #;N -N
b= 6ospitalization!xpenses for self /7N 1;N -N ;N ;N
c= 6ospitalization!xpenses for dependents --N 17N 7N -N ;Nd= (edi"3laiminsurance card for self -N 7N -;N *7N --N
e= (edi"3laim insurancecard for Dependents -N #;N *7N --N *7N
f= Transit homes forother places while in(edical treatment
*7N 1;N #-N -N 7N
g= (edical aid on5etirement *;N -;N */N #-N #-N
h= 6ospitalization!xpenses for self after5etirement
*-N *-N *7N #7N #;N
-7
-
8/13/2019 Employee-Welfare by Central Bank of India
38/53
5etirement, while --N of the respondents are totally dissatisfied with the (edi"claim
insurance card for self, *7N with the (edi"claim insurance card for dependents.
##* Tit e: Medica Ri( for 0i(50er fa)i . i( co'ered b. ban
$hen the sample respondents were enquired whether (edical risk for his?her family based on
Dependents is covered with the available facilities, the following responses are observed.
Dependents(edical 5isk I #"* -"/ 'bove / Total
M!0 ;N *;N -/N ;N 1/N 4 -N *;N *;N -N /2N
T4T' -N /;N 1/N -N #;;N
0%
20%
34%
0% 3%
20% 20%
3%
0%
5%
10%
15%
20%
25%30%
35%
#' &(
6edi !l Risk for ependents
N +
1 to 2
3 to 4
bo*e 4
Inference: w0en t0e re(,ondent( are a( ed about t0e )edica ri( of 0i(50er fa)i .
ba(ed on de,endent(6 Mo(t of t0e re(,ondent( a2reed t0at )edica ri( i( co'ered wit0
t0e a'ai ab e faci itie( ,ro'ided b. @an
Inter,retation: 1/N of the respondents agreed that the medical risk for his?her family iscovered with the available facilities where -/N of the respondents are having dependents
between - / and *;N of the respondents are having # * dependents, while /2N of the
respondents are not agreed with this where *;N of the respondents are having # * and - /
dependents.
-8
-
8/13/2019 Employee-Welfare by Central Bank of India
39/53
#$* Tit e: +ou(in2 Faci itie(
W0en t0e re(,ondent( were en-uired to 2i'e t0eir 'iew( re2ardin2 t0e +ou(in2 Faci itie(
,ro'ided b. @an 6 fo owin2 are re(,on(e(
/-N47%
3% 7%
0%
8;N
17%
0%
30%
0%
#-N11%
10%
23%
37%//N
30%
6%
10% 10%
>J
#>J
$>J
%>J
">J
9>J
;>J
=>J
8>J
a b c d
/at!s(!ed
/at!s(!ed to/ome extent
.annot say
-!ssat!s(!ed to/ome extent
Totally-!ssat!s(!ed
Inference: (ost of the respondents are satisfied with the 6ousing loans for construction of
houses, 5eimbursement of 5ent and some of the respondents are satisfied to some extent with
the Aayment of 65', some of the respondents totally dissatisfied with the providing bank
quarters.
Inter,retation: 8;N of the respondents are satisfied with the 6ousing loans for constructionof houses, //N with 5eimbursement of rent and /7N of the respondents are satisfied to some
extent with the Aayment of 65'.
#%* Tit e: Sati(faction e'e on @enefit( Pro'ided b. @an
$hen the respondents were enquired about the satisfaction level of the enefits provided by
+ou(in2 faci itie( Sati(fiedSati(fied toSo)e e tent
Cannot(a.
3i((ati(fied toSo)e e tent
Tota .3i((ati(fied
a* Pa.)ent of+RA
/-N /7N -N 7N ;N
b* +ou(in2 Loan( 8;N #7N ;N -;N ;Nc* Pro'idin2 banKuarter(
#-N ##N #;N *-N -7N
d* Rei)bur(e)entOf rent
//N -;N 2N #;N #;N
-9
-
8/13/2019 Employee-Welfare by Central Bank of India
40/53
-
8/13/2019 Employee-Welfare by Central Bank of India
41/53
63%
17%
0%
17%
3%
0%
10%
20%
30%
40%
50%
.0%
/0%
% of respondents
1 '!tisfied
2 '!tisfied tosome e$tent
3 *!nnot s!
4 &ot s!tisfied
5 iss!tisfiedto somee$tent
Inference: (ost of the respondents are satisfied with the Transport facility and the
3onveyance allowance, while same number of respondents is satisfied to some extent and not
satisfied with the 3onveyance allowance provided by ank for the purpose of transport.
Inter,retation: 2-N of the respondents are satisfied with the 3onveyance allowance while
#7N of the respondents are satisfied to some extent and not satisfied with the transport facility
and 3onveyance allowance provided by ank.
S NO !IEW J OF RESPON3ENTS# 0atisfied 2-N* 0atisfied to some extent #7N- 3annot say ;N
/ ot satisfied #7N1 Dissatisfied to some extent -N
/#
-
8/13/2019 Employee-Welfare by Central Bank of India
42/53
#9* Tit e: Canteen Faci itie(
$hen respondents were enquired about their views pertaining to canteen facilities, the
following responses are observed.
3%
30%
60%
7%
0%
10%
20%
30%
40%
50%
60%
% ' )/ N-)NT/
*!nteen )! ilities
1 )xcellent
2 ood
3 *era e
4 Not ood
Inference: $hen the respondents were asked to give their views pertaining to canteen
facilities, most of the sample respondents agreed that the canteen facilities are average andsome of the respondents agreed that the canteen facilities are good.
Inter,retation: 2;N of the respondents agreed that the canteen facilities were average and
-;N of the respondents agreed that canteen facilities were good and -N of the respondents
agree that the canteen facilities are excellent.
S NO !IEW J OF RESPON3ENTS# !xcellent -N* Kood -;N- 'verage 2;N/ ot Kood 7N
/*
-
8/13/2019 Employee-Welfare by Central Bank of India
43/53
#;* Tit e: enera faci itie(
$hen the sample respondents were asked to give their views regarding the general facilities
like drinking water, @irst aid box etc, the following are the responses observed.
% () R#' (& #&-'
90%
10%
1 Y)/
2 N
Inference: when the sample respondents are asked about the views pertaining to general
facilities like drinking water and first aid box, most of the respondents agreed that they are
satisfied with the general facilities.
Inter,retation: 9;N of sample agreed that they are provided with satisfied general facilities
like, drinking water, @irst aid box where as #;N of the sample are not satisfied with the
general facilities.
#=* Tit e: We fare and Socia Mea(ure( con'e.ed b. t0e )ana2e)ent
$hen the respondents are enquired about the welfare and social measures conveyed by the
S NO !IEW J OF RESPON3ENTS# M!0 9;N* 4 #;N
/-
-
8/13/2019 Employee-Welfare by Central Bank of India
44/53
management, the following responses are observed.
0%
77%
23%
0%
10%
20%
30%
40%
50%
.0%/0%
0%
% () R#' (& #&-'
"re!t #$tent
'!tisf! tor
,imited#$tent
Inference: $hen respondents were asked about the views pertaining to the $elfare and 0ocial
(easures conveyed by the management, most of the respondents agreed that the $elfare and
0ocial (easures conveyed by the management are to the great extent.
Inter,retation: 77N of the respondents agreed that the $elfare and 0ocial (easures
conveyed by the management are to the great extent, while *-N of the respondents are agreed
that these $elfare and (easures conveyed by the management.
#8* Tit e: Effecti'ene(( of We fare Mea(ure(
$hen the sample respondents are enquired about the views pertaining to the !ffectiveness of
$elfare measures, the following responses are observed.
S NO !IEW J OF RESPON3ENTS# 0ufficient 8;N
S NO !IEW J OF RESPON3ENTS# Kreat !xtent ;N* 0atisfactory 77N- imited !xtent *-N
//
-
8/13/2019 Employee-Welfare by Central Bank of India
45/53
-
8/13/2019 Employee-Welfare by Central Bank of India
46/53
53%
0%
47%
0%
10%
20%
30%
40%
50%
.0%
% () R#' (& #& '
er!od!cally
Ne*er
nly on're uent
e uests
Inference: $hen the respondents are enquired about the reviewing of these welfare measures,most of the respondents viewed that they are periodically reviewed and some of the
respondents viewed that they are reviewed only on frequent requests.
Inter,retation: 1-N of the respondents agreed that $elfare measures are periodically
reviewed and /7N of the respondents agreed that $elfare measures are reviewed only on
frequent requests.
SUMMARY
Title Interpretation#. $orking 'tmosphere 0ome of the respondents of all age groups agreed
that the working atmosphere is excellent and most
of the respondents of all age groups agreed that
the working condition is good and the respondent
showing poor is nil.
/2
-
8/13/2019 Employee-Welfare by Central Bank of India
47/53
*. o of employees aware
of facilities
7-N of the sample respondents felt that they are
aware of @acilities are provide by ank+
-. 'wareness of various facilities (ost of the respondents are aware of all the
facilities while some of the respondents are aware
of only !ducational facilities, (edical facilities
and 6ousing facilities./. $elfare measures for the
betterment of the organization
(ost of the respondents ranked, to achieve only
tangible benefits and to built up human assets
while some of the respondents ranked, to improve
efficiency of employees.1.(otivation of employee through
employee welfare measures
(ost of the respondents felt that employee
welfare measures help the organization to
motivate its employee so that these valuable
resources can be effectively utilized for
improving the performance of the organization.
2. !mployee satisfaction on
employee welfare measures
(ost of the respondents are satisfied with the
loan facilities and (edical facilities and some ofthe respondents are satisfied to some extent with
the general facilities.
7.0ense of security (ost of the respondents felt that these employee
welfare measures provide the sense of security.
8. !ducational @acilities (ost of the respondents are satisfied to some
extent with the !ducational allowance provided
for children and some of the respondents are
satisfied with the !ducational allowance provided
for self"education.
/7
-
8/13/2019 Employee-Welfare by Central Bank of India
48/53
9. !ducational loans provide byank
(ost of the respondents agreed that they are
provided with the loan for dependents and some
of the respondents felt that they may be provided
with the education leave for self.
#;.(edical 'ssistance schemes (ost of the respondents are satisfied to some
extent with the hospitalization expenses for
dependents and hospitalization expenses for self
after retirement and some of the respondents are
dis satisfied with the (edi"claim insurance card
for self and for dependents
##. Is (edical risk for his?herfamily covered by ank
(ost of the respondents having - / and # *
dependents agreed that the (edical risk for
his?her family is covered with the available
facilities.#*. 6ousing @acilities (ost of the respondents are satisfied with the
housing loans for construction of houses and
some of the respondents are satisfied to some
extent with the payment
of 65'.
#-.0atisfaction level on benefits provided by ank.
(ost of the respondents are satisfied to some
extent with the benefits provided by ank.
#/. Transport @acilities (ost of the respondents are satisfied with the
conveyance allowance provided by ank, as there
is no transport facility.
#1. 3anteen @acilities (ost of the respondents are of the opinion that
the canteen facilities are average and some of the
respondents agreed that the canteen facilities are
good.
/8
-
8/13/2019 Employee-Welfare by Central Bank of India
49/53
#2.Keneral @acilities (ost of the respondents agreed that they are
provided with satisfied general facilities like
drinking water, @irst aid box etc.
#7.$elfare and social measuresconveyed by management
(ost of the respondents agreed that the $elfareand social measures conveyed by the
management are to the great extent.
#8. !ffectiveness of $elfaremeasures
(ost of the respondents felt that the effectiveness
of welfare measures are sufficient and some of
the respondents felt it hardly.
#9. $hether the $elfare measuresare periodically reviewed.
(ost of the respondents agreed that these $elfaremeasures are periodically reviewed where as
some of the respondents agreed these $elfare
measures are reviewed only on frequent requests.
Conc u(ion(
/9
-
8/13/2019 Employee-Welfare by Central Bank of India
50/53
1;
-
8/13/2019 Employee-Welfare by Central Bank of India
51/53
Su22e(tion( for i),ro'e)ent in We fare (c0e)e( or for i),ro'e)ent new (c0e)e
!xpect the management to cover all ailments including Dental.
6ospitalization expenses can be increased.
Tie"ups should be made with 6ospitals and good !ducational Institutions.
Increase in 6ouse rent 5eimbursement
To increase quantum of (edical coverage.
$hile sanctioning of loans, there should not be take home pay condition.
There should be a park for recreation to the member of staff and their family where the
staff and then families meet regularly.
3reation of panel of specialized Doctors.
4verall welfare measures to be tuned with other banks like 0 I.
1#
-
8/13/2019 Employee-Welfare by Central Bank of India
52/53
6ospitalization bills in total to be reimbursed.
5eimbursement of expenses and grant of incentives lump sum or otherwise for
acquiring professional qualifications like I3$', '30, (3', ( '.
The amount reimbursed under educational allowance for children should be enhanced
substantially.
@requent interaction with the staff member feed back.
6ousing loans and !ducational loans to be sanctioned at lower rates of interest.
Improvement of (edical aid and relaxation in T3 schemes.
Interest on staff loans should be rationalized and reduced.
3anteen facilities are to be improved.
Insurance for the 6ousing loan, so that the loan outstanding are adjusted out of
insurance claim completely in the event of death of staff member. The reason for this is
if insurance cover is not there in case of death of staff member, large amount of
terminal benefits are adjusted towards these loans.
6aving some Tie"ups with school management should insure new scheme" 0chool
admission to children of staff on transfer.
:niform !ducation facilities for children to be improved at all the centers, some seatsin the good schools are to be reserved for ank !mployees children. 5easons are&
a= 0taff faces a lot of problems in getting admission to good schools on
Transfers.
b= ecause ours is 'll India level transferable job for every - years.
c= 't every center we are incurring huge expenses in the form of
'dmission fee ? Tuition fee ? Donations etc.
(edi "3laim and Tie"up with major reputed hospitals in the city so that the staff
member need not pay huge amount on the rise of admission in to hospitals.
5eimbursement of expenses on self"education. The reasons for this is&
a= !ncouragement acquiring addition knowledge that will help the bank.
4rganization schools for staff children
1*
-
8/13/2019 Employee-Welfare by Central Bank of India
53/53
WE@ SITES:
www.thecentralbankofIndia.co.In
$$$.Kooglesearch.3om
http://www.thecentralbankofindia.co.in/http://www.googlesearch.com/http://www.thecentralbankofindia.co.in/http://www.googlesearch.com/