Welfare includes anything that is done for the comfort and improvement of employees and is provided over and above the wages. Welfare helps in keeping the morale and motivation of the employees high so as to retain the employees for longer duration, which helps the organization to achieve its goals.
If safety measures are properly applied, they should improve or increase employee welfare.
scope,needs and aim of the labour welfare measures
the voluntary welfare measures means employers willing share their profit for labour welfare schemes.
Ruth Brennan has written: 'Employee welfare' -- subject(s): Employee assistance programs
High labour cost Employees being dissatisfied
yes you can
Addressing employees grievancesMaintaining employee relations Handle complianceImplementing organizational policiesConsider Employee welfare and motivation
Labor welfare introduced concepts of things that better the employee's life that go beyond wages, For example, sick time and access to healthcare are two very important aspects of labor welfare.
tier 1 companies is not only based on turn over it also based on the employee welfare,what security they are providing,what facility they are providing for the employee.
It is important for employees to be made to feel valuable. This leads to good morale and teamwork for the entire staff.
Success could be measured by such tools as tracking the number of transactions per employee, absenteeism rates, surveys, and so on.
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare. Producer surplus - the difference between what a producer is willing to sell their product for and what they actually receive. Aggregate producer surplus measures producer welfare