Work Life Balance Of Employees At Chembond Chemicals

Published Date: 02 Nov 2017

Work Life Balance is includes the role of unions, government and employers and the reasons for the balance and imbalance of work-life. Work Life Balance possesses many challenges and the solving them is important for the employees and employers. In work life balance, a management practice stimulates & increases productivity only at the expense of employees. It helps the employees to increase morale and to accomplish their task in work time.

The project was basically done to present the job satisfaction and increases the employee engagement which can be the competitive advantage for the organization and the work life balance can be achieved by giving importance to both personal and work life.

CONTENT

1 INTRODUCTION OF THE STUDY 8

2 OBJECTIVE OF THE STUDY 9

3 CHEMICAL INDUSTRIES 10

4 Literature Review 11

1.1.Work Life Balance 11

1.2.Importance of work Life Balance 12

1.3.Work Life Balance Triangle 12

1.4.What is Good Work Life Balance? 12

1.5.What is Poor Work Life Balance? 13

1.6.Steps to Better Work Life Balance 13

1.7.Benefits of Work Life Balance to the Organization 14

5 COMPANY PROFILE 15

5.1. Introduction 15

5.2.Mission 15

5.3. Vision 16

5.4."SWOT" Analysis 16

4.4.1Strength 16

4.4.2 Weakness 16

4.4.3 Opportunities 16

4.4.4Threat 17

5.5.Division 17

5.6.Infrastructure 17

6 RESEARCH METHODOLOGY 18

6.1.Research Design 18

6.2.Sources of Data 18

6.2.1 Primary Data 18

6.2.2Secondary Data 18

6.3.Sampling 18

0.1.1 Population 18

0.1.2 Sampling Tool 18

0.1.3 Sampling Size 18

0.1.4 Data Analysis Techniques 18

7 DATA ANALYSIS AND INTERPRETATION 19

7.1. Introduction 19

8 HYPOTHESIS TESTING 30

9 FINDINGS 32

10 SUGGESTION 33

11 LIMITATION OF THE STUDY 34

34

12 CONCLUSION 35

13 ANNEXURES 36

14 BIBLIOGRAPHY 40

INTRODUCTION OF THE STUDY

The Work Life Balance was first originated in 1986. It does not mean equal balance but it is trying to schedule an equal number of hours for each of your various work and personal activities. The right balance for individual today probably be different for individuals tomorrow. Thus, cores of effective work life balance’s definition are of two key concepts i.e. daily achievement and enjoyment.

Work Life Balance can be achieved when an individual’s right to be fulfilled life inside and outside paid work is accepted and respected as the norm, to the mutual benefit of the individual, business and society.

The demand for work-life–balance solutions is by employees and managers are expanding at an exceptional rate. As a result, today work-life-balance is an increasingly hot topic in boardrooms and government halls.

OBJECTIVE OF THE STUDY

To study whether the employees are able to balance work life

To study the importance of work life balance in the organizations

To study how work life balance is the factor for improving the job satisfaction

To study whether the employees are able to manage their stress or not

CHEMICAL INDUSTRIES

Chemicals Industry in India is one of the fastest growing industries under the Indian Economy. At the same time it is also one of the oldest domestic industries of India which started working soon after India’s Independence in 1947. From those early years, the chemical industry in India continued to contribute to the Economic Growth of Indian Economy. At present, the industry accounts for almost 13% of Indian GDP.

The chemical industry comprises the companies which producing industrial chemicals. From central to the modern world economy, it converts raw materials (oil, natural gas, air, water, metals, etc.) into more than 70,000 different products.

The Indian chemical industry can deliver on an accelerated growth phase, provided a clearly defined vision along with a strategic roadmap is developed to enable it. If this is not done, the Indian Government may see the growing market increasingly being served through manufacturing done outside India. The various segments of the chemical industry (such as organic chemicals, specialty chemicals, etc.) have their own unique set of challenges. The industry can grow only if these individuals segments overcome their challenges and move swiftly along the growth path. the industry and government will have to work in tandem to achieve the ambitious targets set for the chemical industry.

Literature Review

Work Life Balance

It Helps employees to balance their work and non-work responsibilities which has been a growing concern of corporations for more than twenty years. The issues for work-life balance was began in the year 1980s, as more number of employees entered the workplace and is focuses on helping employees to balance their work and family responsibilities by offering family – friendly benefits.

These practices are now focused at work-life balance, which is a more encircling term that reflects the desire of each and every employee for more flexibility in their work to manage the competing demands of work and their personal life.

Work-life-balance concept supports the efforts of employees to make difference with their time and energy between their work and the other important aspects of their lives. Work-life-balance is an effort to make time for each and every social, functional, cultural and personal activity, in addition to the demands of the workplace. Work-life balance is controlled by employers who institutes policies, procedures, actions and expectations that enable employees to easily pursue more balanced lives.

The work-life-balance reduces the employee’s stress experience. When they spends majority of their time on work-related activities and they feels, that they are not able to look after the other important components of their lives, which leads to stress and unhappiness.

Work-life-balance is challenging as it helps many employees to experience a personal, professional and monetary need to be achieve. Employers can assist employees to experience work-life-balance by offering such opportunities through flexible work schedules, paid time off (PTO) policies, responsible time and communication expectations and company – sponsored family events and activities.

Importance of work Life Balance

Work-Life Balance in organizations:

Helps to identify the need as well as the reason for introducing work-life balance policies

Holds joint discussions with employees to evolve policies, while also identifying possible barriers

Communications policies are possible through handbooks, newsletters, intranet and other forms of communications

Holds workshops which help managers to implement and manage policies

Begins with a few "quick win" policies

Work Life Balance Triangle

What is Good Work Life Balance?

If employee are completing your work on time

If employees are able to give attention they need while putting in their time at work

If employees are able to go out in the evening and feel at work the next day

If employees are content with their life at work and their life at home, then they have a good balance

What is Poor Work Life Balance?

If employees feel like they are a failure at work or at home

If employees feel like they are working too many hours to have a social life

If employees are falling behind at work because of staying out too late each night then have poor work life balance

Steps to Better Work Life Balance

Step 1: Get Real

The first step for work-life balance is to get 'real'. Using a simple SWOT (strengths, weaknesses, opportunities, and threats) analysis, conduct a personal audit of individual’s work life.

Step 2: Purpose Driven

Reflect and analysis what values and purposes drives the need for individual’s work-life-balance

List some three to five items and focus on them

These are very critical and not often at the top of our minds when work-life are out of balance

Step 3: Goal Oriented

Setting the attainable goals keeps us focused and goals are seen as an end result of urgency

Keep a few achievable goals and not be overly ambitious

Discuss these goals with a person whose support is required or will be impacted by the choices made

Step 4: Adaptability

Work-life balance requires a conscious effort and determination

There are times to say ‘No’ without having to feel guilty about it

There are also times to compromise and make sacrifices to achieve the set goals

Work life balance will calls for changes to one’s lifestyle

Accept the need to change and be adaptable if work-life balance is to become a long term goal

Step 5: Evaluation

Working through these steps is just one way to realize work-life balance

Sustaining that it is a greater challenge, because it takes a continuous process of evaluation

At different stages of career and personal life, work-life balance needs are different

Work-life balance is achievable and it is a journey of choices, focus and conscious evaluation to adapt and keep moving

Benefits of Work Life Balance to the Organization

Measured increase in individual productivity, accountability and commitment

Improved teamwork and communication

Improved morale

Less negative organizational stress

Strategies that improve team communication

Mastering the choice challenge

Effectively adjusting individual work life balance over time

COMPANY PROFILE

Introduction

They are a leading manufacturer and supplier of specialty performance chemicals to a cross section of industries across India. They have laboratories, offices, manufacturing plants, dealers and strategically are located personnel in all regions of the country.

Chembond is a BSE listed company, was established in the year 1975, with a group sales of over Rs. 250 crores and 700 employees. The company was incorporated as a private limited company under the name Chembond Chemicals Private Limited in 1975 in the State of Maharashtra and soon it was converted into Public Limited on 4th May 1993.

Chembond was promoted by Dr. Vinod .D.Shah and Mr. C.D.Shah. Chembond started with the manufacture of Metal Pretreatment Chemicals at Todi Industrial Estate in Bombay. Subsequently, a plot of 1800 sq. mtrs was acquired at MIDC Tarapur Industrial Area where the present factory of the company was constructed in 1979.

In 1983, Chembond diversified into the manufacture of Cooling Water Treatment Chemicals. In 1992, the company undertook an expansion of its facilities at Tarapur. In 1994, chembond singed a technology transfer agreement with Freiborne Industries, Inc., USA for the manufacture of cold forming lubricants for the wire drawing industry. A collaboration agreement has been signed with SKW Trostberg, AG and Germany for their range of construction chemicals.

Mission

Chembond are a leading specialty chemicals company with a 35 years history in Indian industry. Their mission is to attain Market Leadership in each of their business areas by creating Customer Delight through Value, Innovation and Service.

Vision

"SWOT" Analysis

Strength

The positive image of brand "CHEMBOND"

Dynamism and readiness to accept change

Good work culture and service orientation of HR team

Good performance management system

High level of integration with workmen

High level of accessibility (open door policy)

Strong discipline management system

Strong discipline management system

Weakness

Workmen’s are more concerned about rights than responsibilities

Lack of clarity in career path

High expectation of labor terms of compensation/welfare measure

Lack of flexibility of job among workmen

Absence of good work culture due to IR performance

Opportunities

Can Institutionalize system

Can lead change

High level of skill of employees can be used for better productivity

Threat

Highly organized indirect workforce

Influence of political environment on industrial relation

Division

Coatings

Construction Chemicals

Water Technologies

Water Treatment

Trading

Surface Technology

Biotech

Infrastructure

Chembond Centre is an independent building at Mahape near Mumbai. It has houses of admin, sales, marketing, tech service and R&D functions. Well equipped laboratories for all divisions – metal treatment, water treatment, construction, chemicals, microbiology and biotech. Chembond‘s plant at Tarapur (about 100 km North of Mumbai) and Baddi, HP (about 70 kms in North of Chandigarh) and is ISO 9001:2000, certified. We expecting that our new plant at Dudhwada, Gujarat (about 50 kms from Vadodara) will be ISO 9001:2000 certifies by the month of August 2009.

RESEARCH METHODOLOGY

Research Design

A research design specifies the methods and procedures for conducting a particular study. In this Descriptive Research Design is used.

Sources of Data

Primary Data

Primary data is collected from employees through questionnaire

The questionnaire includes open ended and closed ended questions

Secondary Data

Magazines, websites and journals

Sampling

Population

Employees of the Chembond Chemicals Ltd

Sampling Tool

Questionnaire

Sampling Size

The sample size was 30 employees through the questionnaire method. 30 employees are surveyed at Chembond Chemicals ltd, Vadodara.

Data Analysis Techniques

Pie Graphs, Bar Graphs, Chi square Test

DATA ANALYSIS AND INTERPRETATION

Introduction

Tables & charts following in this section of report depicts response of various Respondents of the survey on the questions put to them through above questionnaire in the respect of work life balance taken up by the Company.

Respondents’ opinion on Able to balance work life

Table No. 7.1

Particulars

No. of Respondents

Percentage

Yes

17

57

No

13

43

Total

30

100

Sources: Primary Data

Chart No. 7.1

INFERENCE

Based on survey, out of 30 respondents, 57 percent of the respondents responded that they are able to balance work life and 43 percent of the respondents said that they are not able to balance work life.

I) Respondents’ opinion on Importance of work life balance

Table No. 7.2

Particulars

No. of Respondents

Percentage

Strongly Agree

11

36.67

Agree

10

33.33

Disagree

9

30

Total

30

100

Sources: Primary Data

Chart No. 7.2

INFERENCE

Based on survey, out of 30 respondents, 36.67% respondents are strongly Agree with the importance of Work Life Balance, 33.33% respondents are Agree with the importance of Work Life Balance, 30% respondents are Undecided about the Importance of Work Life Balance.

II) Respondents’ opinion on factor of Work Life Balance is important for promoting Job Satisfaction

Table No. 7.2

Particulars

No. of Respondents

Percentage

Strongly Agree

9

30

Agree

12

40

Undecided

5

16.67

Disagree

4

13

Total

30

100

Sources: Primary Data

Chart No. 7.2

INFERENCE

Based on survey, out of 30 respondents, 40 percent respondents are strongly agree that work life balance factor is important for promoting Job satisfaction, 46.67 percent respondents are agree that work life balance factor is important for promoting Job satisfaction, 13.33 percent respondents are undecided about whether work life balance factor is important for promoting Job satisfaction or not and none of respondents are disagree.

Respondents’ opinion on feel about amount of time spend at work

Table No. 7.3

Particulars

No. of respondents

Percentage

Very Unhappy

1

3.33

Unhappy

6

20

Indifferent

14

46.67

Happy

9

30

Very Happy

0

0

Total

30

100

Source: Primary data

Chart No. 7.3

INFERENCE

Based on survey, out of 30 respondents, 3.33 percent respondents are very unhappy for spending amount of time at work, 20 percent respondents are unhappy for spending amount of time at work, 46.67 percent respondents are indifferent for spending amount of time at work, 30 percent respondents are happy for spending amount of time at work and non of respondents are very happy for spending amount of time a work.

Respondents’ opinion on feel tired or depressed because of work

Table no 7.4

Particulars

No. of Respondents

Percentage

Never

5

16.67

Rarely

9

30

Sometime

10

33.33

Always

6

20

Total

30

100

Sources: Primary Data

Chart No. 7.4

INFERENCE

Based on survey, out of 30 respondents, 16.67 percent respondent are never feel tired or depressed because of work, 30 percent respondents are rarely feel tired or depressed because of work, 33.33 percent respondents are sometime feel tired or depressed because of work and 20 percent respondents are always feel tired or depressed because of work.

Respondents’ opinion on believes that superior support for work life balance

Table no. 7.5

Particulars

No. of Respondents

Percentage

Sometimes

11

36.67

Always

10

33.33

Rarely

9

30

Total

30

100

Source: Primary Data

Chart No. 7.5

INFERENCE

Based on survey, out of 30 respondents, 36.67 percent respondents believes that superior sometimes support them for work life balance, 33.33 percent respondents believes that superior always support them work life balance and 30 percent respondents believes that superior rarely support them for work life balance.

Respondents’ opinion on openly discuss issues related to work life balance with their superior

Table No. 7.6

Particulars

No. of Respondents

Percentage

Yes, all the time

6

20

Yes, sometimes

12

40

Depends on the matter

9

30

Not at all

3

10

Total

30

100

Source: Primary Data

Chart No: 7.6

INFERENCE

Based on survey, out of 30 respondents, 20 percent respondents can openly discuss issues related to work life balance with their superior all the time, 40 percent respondents can sometime openly discuss issues related to work life balance with their superior, 30 percent respondents depends on the matter for openly discussing issues related to work life balance with their superior and 10 percent respondent said that they cannot openly discuss issues related to work life balance with their superior.

I) Respondents’ opinion on suffer from any stress related diseases

Table No 7.7

Particulars

No. of Respondents

Percentage

Hypertension

9

30

Obesity

5

16.67

Diabetes

2

6.67

Frequent Headache

7

23.33

None

5

16.67

Others

2

6.67

Total

30

100

Sources: Primary Data

Chart No. 7.7

INFERENCE

Based on survey, out of 30 respondents, 30 percent respondents are suffer from Hypertension disease, 16.67 percent respondents are suffer from Obesity disease, 23.33 percent respondents are suffer from Frequent Headaches disease, 16.67 percent respondents are suffer from none of diseases and 6.67 percent respondents have other diseases.

II) Respondents’ opinion on managing stress arising from work

Table No. 7.7

Particulars

No. of Respondents

Percentage

Yoga

7

23.33

Meditation

3

10

Entertainment

8

26.67

Dance

1

3.33

Music

10

33.33

Others

1

3.33

Total

30

100

Sources: Primary Data

Chart No. 7.7

INFERENCE

Based on survey, out of 30 respondents, 23.33 percent respondents are managing stress by Yoga, 10 percent respondents are managing stress by meditation, 26.67 percent respondents are managing stress by Entertainment, 3.33 percent are managing stress by Dance, 33.33 percent respondents are managing stress by Music and 3.33 percent respondents are managing stress by other activity.

Respondents’ opinion on any of following help to balance work and family commitment

Table No. 7.8

Particulars

No. of Respondents

Percentage

Support from Colleagues at workplace

12

40

Support from family members

15

50

Others

2

6.67

Total

30

100

Sources: Primary Data

Chart No. 7.8

INFERENCE

Based on survey, out of 30 respondents, 40 percent respondents able to balance their work and family commitment through support from colleagues at work, 50 percent respondents able to balance their work and family commitment through support from family members and 6.67 percent respondents able to balance their work and family commitment through others things

Respondents’ opinion on yearly Maser health check up provided by organization

Table No. 7.9

Particulars

No. of Respondents

Percentage

Yes

22

73.33

No

8

26.67

Total

30

100

Sources: Primary Data

Chart No. 7.9

INFERENCE

Based on survey, out of 30 respondents, 73 percent respondents agree that their organization providing them yearly Master Health check up, 27 percent respondents disagree that their organization providing them yearly Master Health check up.

HYPOTHESIS TESTING

I) Respondents’ opinion on Importance of work life balance

Table No. 7.2

Particulars

No. of Respondents

Percentage

Strongly Agree

11

36.67

Agree

10

33.33

Disagree

9

30

Total

30

100

II) Respondents’ opinion on factor of Work Life Balance is important for promoting Job Satisfaction

Table No. 7.2

Particulars

No. of Respondents

Percentage

Strongly Agree

9

30

Agree

12

40

Undecided

5

16.67

Disagree

4

13

Total

30

100

Ho: Job Satisfaction is dependent on work life

H1: Job Satisfaction is not dependent on work life

Expected Frequency

Job Satisfaction

 

 

Strongly Agree

Agree

Undecided

Disagree

Total

Work Life Importance

Strongly Agree

4

3.33

1.33

1.33

10

Agree

4

3.33

1.33

1.33

10

Undecided

4

3.33

1.33

1.33

10

 

Total

12

10

4

4

30

Chi-value: 0.807411713

α = 0.1

DF= (r-1)(c-1)

DF= 2*3

DF= 6

Chi-value= 10.64

INFERENCE

From testing Chi test, we found that our observed value is smaller than critical value.

Thus, Null Hypothesis is accepted.

FINDINGS

From the survey, the findings we found that:

The employees are able to manage the work as well as their personal affairs

They are able to decrease stress level easily

The employees are satisfied with the work life balance in their organization

Work life balance leads to the job satisfaction

SUGGESTION

Employees should learn to balance work and personal life to lead a happy life.

Spirituality at the workplace has become a necessity in today’s world.

To maintain work life balance in organization, manager must plan, prioritize and delegates work

Organization should help their employees in balancing work life balance, as this has an effect on the productivity of the organization

Job satisfaction of employee is also dependent on work life balance

LIMITATION OF THE STUDY

The researcher is fresher, so there may be some mistakes while collecting the data.

The tool being Questionnaire; there should be chances that the personal biases of the respondents may come into picture while answering to the questions.

The research studies the opinions of the employees through a Questionnaire; therefore there is an element of subjectivity present in the study.

Time may be a constraint.

CONCLUSION

We undertook the project at the "CHEMBOND CHEMICAL LTD" for the topic of "WORK LIFE BALANCE OF EMPLOYEES" at work place. We found that the various programs undertaken related to manage the work life of an employee by the superiors are very effective in the company. The careful analysis of available data shows that the work life balance policies in CHEMBOND CHEMICALS LTD are more effective or less same with standard work life balance policies.

ANNEXURES

QUESTIONNAIRE ON WORK LIFE BALANCE

Name:-

Age:-

Designation:-

Name of Organization:-

How many days in a week do you normally work?

Less than 5 days

5 days

6 days

7 days

How many hours in a day you normally work?

7-8 hours

8-9 hours

9-10 hours

10-12 hours

More than 12 hours

Do you work in shifts?

General shift/day shift

Night shift

Alternative

Do you ever miss out any quality time with your family or your friends because of pressure of work?

Never

Rarely

Sometimes

Often

Always

Do you generally feel you are able to balance your work life?

Yes

No

(I) Do you feel work life balance is Important?

Strongly Agree

Agree

Undecided

Do you feel work life balance factor is important for promoting job satisfaction?

Strongly Agree

Agree

Undecided

Disagree

How do you feel about the amount of time you spend at work?

Very unhappy

Unhappy

Indifferent

Happy

Very happy

Do you ever feel tired or depressed because of work?

Never

Rarely

Sometimes

Always

Do you believe that your superior support for your Work life balance?

Sometimes

Always

Rarely

Can you openly discuss issues related to your work life balance with your superior?

Yes, all the times

Yes, sometimes

Depends on the matter

Not at all

(I) Do you suffer from any stress-related disease?

Hypertension

Obesity

Diabetes

Frequent headaches

None

Others, specify_______________

If Yes then…

(II) How do you manage stress arising from your work?

Yoga

Meditation

Entertainment

Dance

Music

Others, specify_________________

Do any of the following help you balance your work and family commitments?

Support from colleagues at work

Support from family members

Others, specify___________

Does your organization provide you with yearly Master health check up?

Yes

No

Do you think that if employees have good work-life balance the organization will be more effective and successful?

Yes

No

If so how?

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