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.
It simply means bring a common agreement or say combining the organizational objectives with the individual objectives If we create such a system where employees' as well as organization both are having the common goals and objectives, synergy will be achieved. Thus harmonization in objectives will ensure the welfare and benefits for both organization and individuals.
there is no difference
The objectives of safety health and welfare are that those involved be enabled to lead a good life in without preventable disease or injury.
The objectives and scope of labor welfare in industrial relation is to fight for the rights of workers. This focuses on the general welfare of the workers in any sector of employment.
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.
Objectives of motivation may vary depending on who is doing the motivating. In a company, the objectives of motivation are to increase performance of the employees. When employees are motivated, it typically results in increased performance, job satisfaction, and employee retention.
Objectives of motivation may vary depending on who is doing the motivating. In a company, the objectives of motivation are to increase performance of the employees. When employees are motivated, it typically results in increased performance, job satisfaction, and employee retention.
95 per cent
Non-financial objectives A business may have important non-financial objectives which will limit the achievement of financial objectives. Examples of these are as follows: Welfare of employees The provision of employee welfare is an important objective; this relates to issues such as wages & salaries; comfortable and safe working conditions, training and development; pensions etc. The value of many businesses is critically-dependent on attracting and retaining high quality employees - which makes managing the welfare of such people even more important. Serving customers As all marketers understand, a critical activity of business is to understand and meet the needs and wants of customers. In the long-term, this objective is the foundation for a financially successful business. Non-financial objectives under this heading would include meeting defined delivery standards, product quality, reliability and after-sales service levels. Welfare of management Management can, and do set objectives which are essentially about their own welfare. These include objectives in relation to pay and conditions. Relationships with Suppliers Responsibilities to suppliers are expressed mainly in terms of trading relationships. Large businesses often have considerable buying power over their suppliers - which should be used with care. Supplier objectives would include those relating to the timing of payment and other terms of trade. Responsibilities to Society Businesses increasingly aware of their overall responsibility to society at large. The term that is often used is Corporate Social Responsibility. This includes a business complying with relevant laws and regulations (e.g. health and safety), minimising harmful externalities (such as pollution).
Non-financial objectives A business may have important non-financial objectives which will limit the achievement of financial objectives. Examples of these are as follows: Welfare of employees The provision of employee welfare is an important objective; this relates to issues such as wages & salaries; comfortable and safe working conditions, training and development; pensions etc. The value of many businesses is critically-dependent on attracting and retaining high quality employees - which makes managing the welfare of such people even more important. Serving customers As all marketers understand, a critical activity of business is to understand and meet the needs and wants of customers. In the long-term, this objective is the foundation for a financially successful business. Non-financial objectives under this heading would include meeting defined delivery standards, product quality, reliability and after-sales service levels. Welfare of management Management can, and do set objectives which are essentially about their own welfare. These include objectives in relation to pay and conditions. Relationships with Suppliers Responsibilities to suppliers are expressed mainly in terms of trading relationships. Large businesses often have considerable buying power over their suppliers - which should be used with care. Supplier objectives would include those relating to the timing of payment and other terms of trade. Responsibilities to Society Businesses increasingly aware of their overall responsibility to society at large. The term that is often used is Corporate Social Responsibility. This includes a business complying with relevant laws and regulations (e.g. health and safety), minimising harmful externalities (such as pollution).
The Group Personal Accident Insurance Scheme is a welfare measure formulated to insure the employees against the consequences of personal accidents and help affected employee--------------ASIR