What is employee welfare?
What is employee welfare?
Figure 01.Employee Benefit
The industrial progress of a country depends on its committed
labour force. In this regard, the importance of labour welfare was recognized as
early as 1931 when the Royal Commission on Labour stated that the benefits
which undergo this nomenclature are of great importance to the worker who is
unable to secure by themselves. The schemes of labour welfare may be regarded
as a wise investment that usually brings a profitable return in the form of
greater efficiency. Employee welfare means “the efforts to make life worth
living for workmen.” According to Todd “Employee welfare means anything done
for the comfort and improvement, intellectual or social, of the employees over
and above the wages paid which is not a necessity of the industry.”
Employees
are one of the most valuable resources for the company, thus it's critical to
protect their physical and mental health. The company must consider its people
as an investment rather than an expense to achieve this. This is crucial since
employee productivity directly affects how profitable an organization is.
Employee
productivity is influenced by the work environment and employee welfare
initiatives implemented by the organization. The major goal of implementing
employee welfare programs is to win and maintain the respect and loyalty of the
workforce as a whole.
Employee productivity is influenced by the workplace
environment, so it is crucial to protect their safety in order to guarantee
these things. However, this poses a significant challenge for the organization,
particularly when employees' job descriptions include working in dangerous
conditions. An organization that disregards the safety of its employees may
have to deal with a number of consequences, including resistance from labor
unions or even legal action.
Therefore,
it is crucial to ensure the physical, mental, and emotional well-being of
employees in order to develop a motivated and devoted workforce that gives
their all to achieving the objectives of the company.
Figure 02. Benefits
Principles of Employee Welfare
These are the principle of social responsibility:
3. Fair Wages
5. Reconstruction of Personality
Benefits of Employee Welfare
The following are the benefits of employee welfare:
1. Improved Industrial Relations
2. Increase in General Efficiency and Income
3. High Morale
4. Creation of a Permanent Labour Force
5. Improvement in Mental and Moral Health
6. Change in the Outlook of Employers
Objectives of employee welfare
The interests of the employee, the business, and society at
large all revolve around employee well-being.
The goal of labor/employee welfare work is to provide the
services and amenities needed for the employees of the factories and industries
to do their jobs in a healthy and favorable environment.
An environment that promotes morale and excellent health.
It is partially
humanistic since it gives the employees the opportunity to live fuller, richer
lives.
It has certain
economic benefits because it increases worker productivity and keeps him happy
and content. As a result, it downplays the willingness of the workforce to
organize unions and use strikes.
The goal is
partially civic in nature because it instills in the workforce a sense of
accountability and respect for others, making them good representatives of the
country.
References
https://www.tlnt.com/how-pocket-change-can-unlock-employee-happiness/
https://www.blogger.com/about/?bpli
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