THEORIES OF LABOUR WELFARE
The form of labor welfare activities is flexible, elastic and differs from time to time, region to region, industry to industry and country to country depending upon the value system, level of education, social customs, degree of industrialization and general standard of the socio-economic development of the nation. Seven theories constituting the conceptual frame work of labour welfare activities are the following:-
According to this theory, owners and managers of industrial undertakings get many opportunities for exploitation of labour. Hence, the state has to intervene to provide minimum standard of welfare to the working class.
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.
scope,needs and aim of the labour welfare measures
What is the nature and scope of Labour economics?
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.
there is no difference
YES
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
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.
Welfare activities will be carried out at all levels in the organization.It will be provided over and above regular wages.Adequate and full co-operation shall be provided from management level.Periodic assessment of labor welfare measures is essential.It shall emphasize on physical, mental, moral and emotional well being of employees.It can be a social concept which relates to welfare of employees, their families and community as a whole.
DOL Department of Labor