A Study on Employee Welfare Measures
Mr. Janarthanan. R
MBA (HR and Marketing) Student, Reg.No:43410087,
School of Management Studies,
Sathyabama Institute of Science and Technology, Chennai, TamilNadu.
Dr. Meera. A
Assistant Professor
School of Management Studies,
Sathyabama Institute of Science and Technology, Chennai, TamilNadu.
ABSTRACT
The term "employee welfare measures" refers to a wide range of services, amenities, and facilities that employers offer to their workers in order to provide them with a healthy, safe, and satisfying work environment. These measures typically fall into one of three categories: statutory, voluntary, or mutual. Statutory measures are legally mandated and ensure minimum working standards, such as health and safety regulations, maternity benefits, and working hours. Voluntary welfare refers to those benefits provided at the discretion of the employer, including wellness programs, flexible work hours, recreational activities, and employee assistance programs. Mutual welfare involves initiatives driven by employees, such as cooperative societies and social clubs, often supported by the organization. This study also investigates the impact of such welfare policies on individual employee performance and the overall success of the organization. Each of these plays a unique role in supporting employees' holistic development. In a competitive market, a strong welfare system not only increases job satisfaction and work-life balance but also positions the company as a preferred employer. Based on these findings, the study proposes practical, actionable solutions that can help organizations overcome challenges and maximize the benefits of their welfare efforts.
Keywords: Employee welfare, workplace well-being, organizational performance, employee benefits, statutory welfare, voluntary welfare, mutual welfare, employee satisfaction, productivity, employee morale, employee retention, flexible work schedules.
