A Study on Social Security Schemes in Selected Non Banking Financial Companies Vimaladevi R.1,*, Vennilashree S.1 1Research scholar & Assistant Professor, Vels University, Pallavaram, Chennai, Tamilnadu, India *Corresponding Author: R. Vimaladevi No.3/39, Vathala Kundu Arumugam Nagar, 4th street, Arumbakkam, Chennai-600 106. Phone: 9884115529 Email: devivimalai.r@gmail.com
Online published on 16 March, 2018. Abstract This paper explores satisfaction level of employees’ on social security schemes provided by Non Banking Financial Companies and also to study what extend these schemes helps to improve standard of living, motivation level, reducing the risk factor and cost burden of the employees’. The researcher has chosen selected NBFCs such as Equitas Finance Ltd., Cholamandalam Investment and Finance company Ltd., Magma Fincorp Ltd., HDB financial Service Company Ltd., in Chennai city. The primary data are collected from employees through structured questionnaire. The researcher has used simple random sampling method for collecting data from 90 respondents. The study revealed that employees are satisfied with medical facilities, maternity benefits and accidents benefits and its promotes standard of living, maintenance of dependency, motivation of employee and lesser positive impact on protection from risk factors and reducing cost burden. The study suggested that NBFCs need to concentrate other factor which has lesser impact and also to improve sickness benefits, retirement benefits and staff welfare funds. Top Keywords Social security schemes, non banking financial companies, satisfaction level, factors. Top |