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employees over and above the wages paid which is not a necessity of the industry.
A comprehensive term including various services, benefits and facilities offered to employees & by the employers Also means the efforts to make life worth living for workmen. Includes anything that is done for the comfort and improvement of employees and is provided over and above the wages.
Employee welfare is a comprehensive term including various services, facilities and amenities provided to employees for their betterment. The basic purpose in to improve the lot of the working class. Employee welfare is a dynamic concept. Employee welfare measures are also known as fringe benefits and services. Welfare measures may be both voluntary and statutory
It improves the loyalty and morale of the employees. It reduces labor turnover and absenteeism. Welfare measures help to improve the goodwill and public image of the enterprise. It helps to improve industrial relations and industrial peace. It helps to improve employee productivity
Contributory Provident Fund. Pensionary benefits to the employees as well as the family members. Insurance cover to the members of the Provident Fund
Marriage / Education Medical Treatment Purchase or construction of Dwelling house Repayment of Housing Loan Purchase of Plot Addition/Alteration of House
ESIC BENEFITS Sickness Benefit Maternity Benefit Disablement Benefit Employees Pension Scheme
KG to 10 Std - Rs. 1000.00 per annum per child or self +2 (Hr. Sec) - Rs. 1500.00per annum per child or self Diploma and College Studies -Rs. 2500.00 per annum per child or self Professional Course- Supported by bills
If a member gets married while with SGJ, the company will provide you with a vehicle for 12 hours on wedding day. They greet their colleagues with sweets etc., on the day before the festival-Christmas / Deepavali. On New Year Day, the employees are given tea, snacks and a company calendar. Boarding and Lodging expenses.
Marriage gifts should be calculated based on the following norms Above one year of service - Upto 25 % of the salary may be given Above two years of service - Upto 50 % of the salary may be given Above three years of service - Upto 75 % of the salary may be given Above four years of service - Upto 100 % of the salary may be given
They provide better physical and mental health to workers and thus promote a healthy work environment Facilities like housing schemes, medical benefits, and education and recreation facilities for workers families help in raising their standards of living. Employers get stable labor force by providing welfare facilities. Employee welfare measures increase the productivity of organization and promote healthy industrial relations thereby maintaining industrial peace.