Professional Documents
Culture Documents
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bearing a somewhat different interpretation in one country from another, according to different social customs, the degree of industrialization and educational level of workers.
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Merits
y Motivates employees y Employee Retention y Minimized social evils y Better Job satisfaction y Cuts down labor
turnover
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Demerits
y Huge investment y Employees being
dissatisfied
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y POLICING THEORY y Labour exploitation y RELIGION THEORY y Investment aspect y Atonement aspect y PHILANTHROPIC THEORY y Affection for mankind y Good working conditions y PATERNALISTIC THEORY y Also known as Trusteeship theory
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y PLACATING THEORY
y Welfare activities will please workers and will make
y FUNCTIONAL THEORY
y Welfare activities provided to make workers more
efficient
y SOCIAL THEORY
y Obligation on the part of the organization to provide for
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1.Welfare Policy
Objectives Approach Range
establishment must appoint a welfare officer if the number of employees is 500 or more.
It is argued that the prime responsibility for welfare
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3.Assesment Of Effectiveness
Effectiveness of welfare must be assessed periodically. Two methods of assessment :
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i) Medical Facilities For the employees covered under ESI scheme. EFT scheme Medical Reimbursement ii) Township Administration iii) Welfare Funds
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Latest Trends
y I Wega y Health Scribe y Subex Systems y Infosys y Hewlett Packard
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Conclusion
y If a tailor makes mistake it becomes a fashion y If a scientist makes a mistake it becomes an invention y If an HR manager deploys a retention strategy it
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