CIVIL CONSTRUCTION EMPLOYEES OPINION ON WAGE AND BENEFITS - A STUDY

An organization is influenced by various human resources factors. The wage/salary fixed for the employees and benefits given to them is one of the key factors penetrating determining the life of employees and their family members those who are working in the construction companies. This study explores the employees' welfare measures of civil construction companies in Chennai. It also studies the employee opinion on pay related matters and on the productivity of the units. Another aspect identified in the study is the factors that contribute to improve the standard of labour. It covers every dimension of work including Over time, compensation, working conditions and their leave benefits. Thus, the goal of this study was to gain knowledge about employee's living conditions. The labour departments has insisted upon minimum amenities to be implemented in any organization. This ensures that minimum standards that are required for an employee to carry out the duties and perform functions to the extent of satisfaction. Low-challenge jobs differ from high-challenge jobs in their required degree of know-how, problem solving, and leadership skills (Davenport 2001). The opportunity cost of time of a sales professional is also likely to increase as the job challenge increases because of the increasing scarcity of these higher-level skills. This suggests (as per agency-theoretic predictions) not only a higher overall level of pay as job challenge rises (H1) but also a lower level of variable pay (see Basu et al. 1985; Coughlan and Narasimhan 1992; Coughlan and Sen 1989; Misra, Coughlan, and Narasimhan 2005).1 Integrating the transaction cost analysis framework with prescriptions from the sales management literature, John and Weitz (1989) also suggest that the proportion of total pay generated by variable pay formulas of a sales professional is likely to decrease as the job challenge increases because of the increasing difficulty of replacing the jobholder.