How employee welfare matters in the organization?
Definition of employee welfare.
Employee welfare refers to
the efforts made by the employers to improve the working and living conditions
over and above the wages paid to them. In its widest sense it comprises all
matters affecting the health, safety, comfort and general welfare of the
workmen, and includes provision for education, recreation, thrift schemes,
convalescent homes
(According to Balfour
Committee )
Employee welfare covers all
the efforts which employers make for the benefits of their employees over and
above the working conditions fixed by the Factories Act and the provisions of
the social legisla- tion providing against accident, old age, unemployment and
sickness.
(N.M. Joshi )
Why is staff
welfare so important?
Employee welfare is important not only
for the employees themselves but for the organization as a whole. Promoting
employee wellbeing her initiative helps prevent stress and create a positive
work environment where people and organizations can perform better.
The Objective of employee welfare.
a) Increasing the level of staff morale
b) To make an organization's employees loyal and content
c) To improve the employees' impression of the company.
d) Allowing the employees to live happily and comfortably.
e) To increase employee effectiveness
f) Minimizing the influence of unions on workers
g) To develop a positive attitude toward work.
h) To increase employees' satisfaction with the company.
Types of Welfare Measures
The types of welfare measures are as follows
1. Statutory Welfare Facilities
2. Non Statutory Welfare Measures
Statutory Welfare Facilities
Statutory welfare facilities mean facilities that have been regularized
by the labor law Act. The employer should facilitate welfare to the employee as
per the labor law act
Non Statutory Welfare Measures
Non-statutory facilities are those created voluntarily
by the leaders or unions. These facilities, whether inside the workplace or
outside the work premises, are created for the employee.
Advantages of the Employee welfare
The following are some of the advantages of employee welfare programs.
1. Improved employee morale and productivity
Many
companies find that happy employees show more interest in their work and are
more focused on what they are doing.
Staff turnover can cost the company time and cash, and will too put the company's reputation on the line. Upbeat workers are less likely to take off their employment, which can lead to reduced staff turnover and increased stability within the company
3. Enhanced company image
A company that takes care of its employees regularly, can improve the image of the company
4. Expense savings
Investing in staff welfare, decreased labor turnover will be affected to save the company money and can maintain the staff's health and increase productivity
Disadvantages of Employee Welfare
The following are some of the disadvantages of employee welfare programs:
1. High Cost of Labor
2. A measurement tool is not present.
3. Costs cannot be justified
4. Creation of Facilities Is Required
STRATEGIES TO PROMOTE STAFF WELFARE
Promoting employee happiness and well-being requires creating a supportive and pleasant job environment. By providing for the needs of your staff, you may boost their motivation and happiness while also raising output and increasing job satisfaction. Here are four methods businesses may use to enhance employee welfare
1). Continually assess and monitor morale
You must first determine the general mood in your
organization. By looking at the entire history of the entire staff, you can
perform this task on your own.
Has absenteeism increased recently? Has
productivity fallen off recently? Any more signs that something might be wrong?
Depending on the market that your business works in, you might observe a
decrease in product quality or an increase in consumer complaints.
You will be able to investigate further and find
any problems if you can identify any variations. Any of these problems may
indicate that worker morale has been declining for some time and needs to be
addressed if you observe a consistent pattern.
If employee welfare is a problem, low staff morale
can be a major sign, and figuring this out can help you figure out how to make
improvements.
2). Create and maintain trust
In any relationship, trust is essential. Staff
morale and employee welfare will increase by creating a culture where senior
management places trust in their workforce. Additionally, it goes both ways, as
employees come to trust senior management more and support their decisions.
3). Improved work-life balance
Employees will respect you more if you actively
encourage a better work-life balance because you care about their happiness and
wellbeing and have their best interests at heart. This has been shown to
significantly raise staff morale.
4). Mentoring
Many of your employees might be inexperienced or
new to their positions. If they don't have any assistance or support, this
might be quite difficult. Consider about your professional background. Have
there been any mentors who have assisted you in achieving your current
position?
The outcome, when a staff member feels supported and can bounce ideas that might have otherwise been lost, could be very surprising.
Conclusion
Employers' efforts to improve the quality of life for those who work for them are known as "employee welfare."
Every Organization that wants to expand in the future must now consider this element, thus businesses take a variety of actions to give their employees the benefits of employee welfare in order to make them comfortable.
References
Anon, (2023). What is employee welfare? | Firmbee. [online] Available at: https://firmbee.com/what-is-employee-welfare [Accessed 5 Apr. 2023].
getuplearn.com. (2022). What is Employee Welfare? Definition, Features, Approaches, Objectives, Types, Benefits. [online] Available at: https://getuplearn.com/blog/employee-welfare/.
KOS Ergonomics - Back Care Seating Specialists. (n.d.). Improve Employee Welfare | The Complete Guide & Strategies | 2023. [online] Available at: https://www.kos.ie/ergonomics/news-and-events/improve-employee-welfare [Accessed 5 Apr. 2023].
Your Article Library. (2020). Employee Welfare: Meaning, Objectives, Types, Approaches, Benefits, Schemes. [online] Available at: https://www.yourarticlelibrary.com/human-resource-management-2/employee-welfare/employee-welfare/99778.
The Investors Book. (2020). What is Employee Welfare ? definition , measures and objectives. [online] Available at: https://theinvestorsbook.com/employee-welfare.html.
www.quitgenius.com. (n.d.). Employee Welfare: HR Terms Explained | Quit Genius. [online] Available at: https://www.quitgenius.com/hr-glossary/employee-welfare.
www.alert-software.com. (n.d.). Employee Welfare: How to Improve | DeskAlerts. [online] Available at: https://www.alert-software.com/blog/employee-welfare?hs_amp=true.
Lasitha Jayashantha Sandaruwan
What about the dental insurance, disability insurance, and pension plans?
ReplyDeleteIs it possible to implement in small scale business?
This comment has been removed by the author.
DeleteYes, it is possible to implement dental insurance, disability insurance, and pension plans in small businesses. However, it is important to note that these benefits can be expensive, so it is important to carefully consider your budget before you decide to offer them.
DeleteThere are a number of different ways to provide dental insurance, disability insurance, and pension plans to your employees. You can purchase these benefits from a third-party provider, or you can self-insure. If you choose to self-insure, you will be responsible for paying for all claims, but you will also have more control over the benefits that you offer.
If you are considering offering dental insurance, disability insurance, or pension plans to your employees, it is important to do your research and compare different options. You should also talk to your employees to see what benefits are important to them. By taking the time to do your research and make a plan, you can ensure that you are offering your employees the best possible benefits.
Hi Lasitha, thanks for sharing knowledge regarding "Employee Welfare" with us. We can see a direct relationship between employee welfare and employee retention. When an organization implements a good welfare strategy, employees also feel good about the workplace. It will reduce the staff turnover in the organization.
ReplyDeleteHi Chamara, Thanking your valuable comment. I agree with your thought.
Delete