What do you mean by employee welfare?

[varsha]

What do you mean by employee welfare?

[varsha]

Ans. Employee welfare is the system of improving the living condition of the employees of the organization by the employer. The employers have taken various steps in order to provide healthy living conditions to their employees outside and inside the organization. The employee welfare schemes that are provided to the employees by the employers are not the part of their regular income, salary, or wages, these are the extra benefits given to the employees for his well-being. Welfare schemes reduce the employee turnover rates in the organization as the employees are highly satisfied with the organization because of the factor that all their needs are taken care of by the employer. Employee welfare can be extra-mural or intra-mural. Intra-mural schemes are those facilities that are provided to the employee inside the organization like canteens, restrooms, parking areas, health benefits, various indoor games, etc. Extra-mural facilities are those that are provided outside the workplace of the employee like entertainment facilities, accommodation outside the organization, and education facilities for the children of the employees. When the employee welfare facilities are provided to the employees, they are more committed and dedicated to their work. It also helps in creating loyalty in the employees for the organization.

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