A Study on Employees Welfare Practices at Synflix Pharmaceutical PVT LTD
Akshara S,
School of Management Studies,
Sathyabama Institute of Science and Technology, Chennai, Tamil nadu, India
Dr.R.Joyce,
Associate Professor, School of Management Studies,
Sathyabama Institute of Science and Technology, Chennai, Tamil nadu, India
ABSTRACT
Employee welfare practices play a vital role in ensuring the physical, mental, and social well-being of employees within an organization. This study aims to explore the various welfare measures adopted by companies and assess their impact on employee satisfaction, motivation, and overall productivity. With the increasing importance of human resources as a key asset, organizations today are focusing more on comprehensive welfare schemes that go beyond statutory requirements. These include health and safety measures, recreational facilities, work-life balance programs, and financial support initiatives.
The research was conducted using both primary and secondary data collection methods, including surveys, interviews, and analysis of organizational reports. The study highlights that effective welfare practices not only improve employee morale but also reduce absenteeism, turnover rates, and workplace stress. It was also found that employees who feel cared for are more loyal and committed to their organizations.
Overall, the study concludes that employee welfare is not merely a legal obligation but a strategic tool that can lead to sustainable business success. Organizations that invest in employee well-being are more likely to build a positive work culture and maintain a competitive edge in the market.
KEYWORDS
Employee Welfare, Welfare Measures, Organizational Productivity, Employee Satisfaction, Work-Life Balance, Occupational Health and Safety, Statutory Benefits, Non-Statutory Welfare, Human Resource Management ,Employee Engagement, Workplace Well-being ,Motivation, Employee Retention, Industrial Relations, Job Satisfaction.
