Labour Welfare means working out things for the well-being of the labours. Knowing there wants and enabling them to fullfill there wants. Definitions- 1. Oxford dictionary - defines Labour welfare as efforts to make life worth living for workmen. 2. R.R. Hopkins - welfare is fundamentally an attitude of mind on the part of the management influencing the methods by which management activities are undertaken. 3. The encyclopedia of Social Sciences- Labour welfare is the voluntary efforts of employer to establish within the existing industrial system, working and sometimes living and cultural conditions of the employee beyond what is required by law. 4.
Efforts to make life worth living for workmen.
Anything done for the comfort and improvement of the workers over and above the wages paid.
Labor welfare helps in promoting employee satisfaction and loyalty, leading to increased productivity and reduced turnover rates. Providing benefits such as healthcare, insurance, and childcare support can also improve the overall well-being of employees and their families, contributing to a positive work environment. Additionally, a focus on labor welfare can enhance the company's reputation and attract top talent in the competitive job market.
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.
the voluntary welfare measures means employers willing share their profit for labour welfare schemes.
A child's welfare is of great importance to their parents.
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Robert Owen is considered one of the fathers of the labor welfare movement. He was a social reformer and visionary who promoted better working conditions, education, and healthcare for workers during the Industrial Revolution in the early 19th century. Owen believed that improving the well-being of workers would lead to increased productivity and harmony in society.
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oWhat is the relationship between Marginal Productivity of Labour and Labour welfare
Melvin Warren Reder has written: 'Labor in a growing economy' -- subject(s): Labor economics, Labor and laboring classes 'Studies in the theory of welfare economics' -- subject(s): Economics, Welfare economics
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There are three types of labour welfare, STATUTARY VOLUNTARY MUTUAL
Without labor there will be no end product. company processes will not circulate