Employee welfare is a comprehensive term including various services, benefits and facilities offered to employees by the employer. Through such generous fringe benefits the employer makes life worth living for employees .The welfare amenities are extended in addition to normal wages and other economic rewards available to employees as per the legal provisions .The basic purpose of employee welfare is to enrich the life of employees and keep them happy and contented. According to Layman: Employee welfare in general, are the benefits that an employee must receive from his/her company, like allowances, housing facilities, medical, insurance, food etc. Welfare includes anything that is done for the comfort and improvement of employees and is
The, job rotation is to move workers to different tasks frequently. Job enrichment is to enhance the actual job by building up the employee through motivational factors. Besides, there are advantage of a highly specialized jobs which is they to produce high productivity and relatively low unit costs. They are also largely responsible for the high standard of living. There are also advantage of employee involvement and empowerment which can enhance morale, more productivity, healthier co-worker relationships and creative thinking that contribute to the overall betterment of society as well.
According to the criteria, the person is asked to rate his or her satisfaction depending on the level of income. Subjective well-being helps the researcher in understanding the general level of happiness in different individuals. People tend to respond in such a way that they reveal a positive correlation between the level of happiness and the amount of income. This is because higher income enables people to live in a manner that they prefer and or are satisfied with. The nature of life of an individual is enhanced due to positive responses to the income level.
The Effects of Job Satisfaction From the all studies employees fulfill the satisfaction level of the job. Analyst says that occupational fulfillment is more important. Fulfilled employees serve the customer promptly. It is the representatives who take the brand picture of the organization. High job satisfaction may lead to; High productivity of the organization Reduced turnover ratio Redusing of absenteeism Redusing
The greatest impact of money on productivity and performance is in jobs where performance is directly related to compensation. For example, the knowledge of receiving a bonus after achieving a certain sales quota will likely motivate a salesperson to increase productivity.” I think this is a great example and a great reason why compensation is so important to motivate employees. When a employee feels as if he is working for not only the greater good of the organization but will also be recognized for his ongoing hard work, he will be motivated more to succeed. It brings a greater level of passion towards in organization, which directly leads to greater success from both the employee and
The author believes strongly that employees ' morale is very important in the quest for high customer satisfaction levels. This is because satisfied employees have such positive energy and such willingness to give good service that the customers get at the least a perceived better product or service, so that they in turn become much more satisfied and loyal to the company. This is backed up by others, for example: `There is considerable evidence demonstrating that customer loyalty is a leading predictor of financial results and employee satisfaction is predictive of customer
Trainings and seminars that are company sponsored help motivate employees to be better and aspire to grow within the company. They also create the impression that the company is people focused and values its employee’s growth. Many employees at Apple attested to one feature that they loved about the company; fun. That made it worthwhile to go to work even if the pay was not at a rate that they approved of or competition in the market was fierce. Apple has singled itself out as a company that embodies creativity and the ability to have fun.
Different with guanxi, the collective culture in this term explained as doing something together for career advancement. In the application of guanxi, individuals drive themselves to achieve their goals, or to “better their own situations” (Leana & Van Buren, 1999:539). In other words, guanxi is exploiting social capital for good, which benefits every single member in the social structure (Belliveau, O’Reilly & Wade, 1996; Burt, 1992, 1997; Kostova & Roth, 2003; Useem & Karabel, 1986). Even though the focus of guanxi is social capital, it gives more benefit for the individuals who done quanxi deliberately (individual achievement is more important) (Lin, 1999:
They want security of employment, good rate of reward and also important opportunities Suppliers: They want to feel valued by the company and requires orders with om- time payments. Customers: They basically want good service and value for their money. They demand good quality in exchange of money. Trade Unions: Group of employees who seek to secure higher wages and better working conditions for their
Human capability is how people live their lives on daily basis as well as what kind of decisions they take, how they deal with conflict and stress, human capabilities are mostly influenced by individual traits, attributes and personality. However human capital approach diﬀers signiﬁcantly from the human capabilities approach because it focuses on the creation of productive agents (Sen, 1999).Human capital can be transferred through teaching, learning and training provided by institutions such as universities and training facilities. These institution focus mainly on skills development and education. For example if education makes a person more resourceful in commodity production (employable), then this is obviously an enhancement of human capital. This can improve the economic growth of the country and the income of the person who has been