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 organization...