VINAY KUMAR

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WELCOME

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UNIVERSITY OF MYSORE SATELITTE POST GRADUATE CENTRE CHAMARAJANAGAR-571313 SEMINAR TOPIC: EMPLOYEE WELFARE MEASURES - A STUDY ON CANARA BANK GUIDED BY: PRESENTED BY: RANGASWAMY SIR VINAY KUMAR.K

INTRODUCTION::

INTRODUCTION: Business is one of the prominent sector In every economy. Human resource is the Heart of every business. The success of Every business and industry is mainly depen -ds on the efficient human resources. Now every organizations have been Trying to utilize their efficient human resourc -es by initiating various employee welfare Measures in addition to wages or salary.

meaning of employee welfare: :

meaning of employee welfare: Employee welfare is a comprehensive term Including various services , benefits and facilities Offered to employee by the employer in addition To wages or salary DEFINITION OF EMPLOYEE WELFARE: According to Todd “ Employee welfare means Anything done for the comfort and improvement , Intellectual or social of the employee over and Above the wages paid “

EMPLOYEE WELFARE SCHEMES::

EMPLOYEE WELFARE SCHEMES: Statutory welfare schemes: 1.Drinking water and Lighting 2.Facilities for sitting 3.First aid appliances 4.Latrines and urinals 5.Maternity and adoption leave 6.Canteen facilities

Non statutory schemes::

Non statutory schemes: 1.Personal health care 2.Flexi time 3.Employee assistance programs 4.Harassment policy 5.Medi-claim insurance scheme

canara bank:

canara bank canara bank is a major commercial govt Owned bank headquartered in Bangalore. It was established in 1906 by Shri Ammembal subba Rao pai, a great visionary. The bank was nationalized in 1969. As of December 2011,the bank had a network of 3564 branches and 4000 ATMS spread Across India.

EMPLOYEE WELFARE SCHEMES OF CANARA BANK :

EMPLOYEE WELFARE SCHEMES OF CANARA BANK 1.Reimbursement of educational expenses LKG to x 10 th std - Rs.1000 10 th std to above - Rs.1500 Professional courses - Rs.2500 2.Incentive for excellence in education aggregate marks of 85% and above from 10 th std and above - Rs.1500 cent percent marks in any of the regional Language in the 10 th std and above - 5000

3.Schemes for reimbursement of hospitalization expenses :

3.Schemes for reimbursement of hospitalization expenses Special operations – 75% of the disallowed Amount subject to a maximum of RS.85000 Major operation – 25% of the disallowed Amount subject to a maximum of Rs.10000 4.Death relief scheme permanent employees – Rs 100000 part time employees - RS 25000

5.Relief to physically handicapped employees for crutches ,hearing aid and other accessories: :

5.Relief to physically handicapped employees for crutches ,hearing aid and other accessories: Crutches, wheel chair and other accessories - Rs 3000 Reimbursement of expenses incurred for Purchase of hearing aid – Rs 3000 6.INCENTEVE FOR PROMOTION OF SMALL FAMILY NORMS: RS 1000 cash incentive

7.Presenting mementos to retiring employees on superannuation :

7.Presenting mementos to retiring employees on superannuation One pair of wrist watch (one lady’s and one Gent‘s model with bank’s emblem Reimbursement of o sum of RS.1500 Incurred of medical expenses 8.BETTER WORKING CONDITION sophisticated basic facilities like adequate Furniture facilities, drinking water facility, Lighting ,first aid appliances ets

Conclusion::

Conclusion: Employee welfare measures are very Essential to motivate the employees and to Increase their contribution in the growth of The business. Employee welfare measures Have been contributing for both the develop -ment of employees and organizations.

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