Essay On Employee Welfare Measures

THEOROTICAL ASPECTS
A Study on employee welfare measures and employee satisfaction at “Fishnet Company”.
INTRODUCTION:
The term welfare means the well being, happiness of an individual, group and organization. “Welfare means anything done for the comfort and improvement, intellectual or social of the employees over and above wages paid which is not a necessity of the industry”. Individual characteristics have distinctive qualities that increase the morale of the company. Receiving financial and non-financial aid from government and private sector organization because of the hard work by an employee. The welfare of the company will improve if company satisfied needs of their own employees. Employee welfare and job satisfaction are the most important in an organization because it is what efficiency depends on.
If the employees are satisfied they will produce high quality performance in most favourable time and lead to increasing profits. Satisfied employees are also likely most innovative and creative and increase the status with sudden development that allows a company to improve and move positively with time and changing market conditions. Employee welfare defines “as efforts to make life worth living for

Education facilities: This would improve the quality of workforce, provide opportunities for a proper training for the acquirement skills and techniques which are essential for workers in an industry and which will enable them to adjust themselves to their particular way of life and enable them to acquire broader values of life, personally, socially and industrially. In our country such education facilities have been accepted and emphasized by various commissions and committees, such as Indian industrial payment , The royal commission on labour, The national commission on labour and the Malaviya committee on labour welfare (1969) etc. Yet, there is no statutory obligation with regard to education for workers children in any industry except in