Curious About Employee Welfare? Discover Its Definition, Pros, Cons, and History

I am a student. I want to know the definition of welfare as given by experts. Please provide some advantages and disadvantages of providing welfare. Additionally, I would like a brief history on how the concept of welfare for employees came into existence.

Thank you.

If you ask me how welfare for a child came about, the simple answer is to motivate a child to engage in activities in order to receive something in return. Similarly, the welfare of employees aims to maintain high morale and motivation levels to retain employees for longer durations. Welfare initiatives need not always involve monetary rewards but can take various forms.

Thanks,
Anand

Hi there!

Basically, welfare is nothing but the efforts made to assist anyone in achieving a state of well-being and to help or facilitate them in reaching their highest performance and personal satisfaction.

As far as labor welfare is concerned, labor welfare refers to the provisions provided by the employer, whether they fall under statutory regulations or are voluntary, aimed at enhancing the performance and personal growth of the labor force. This support enables employees to contribute their utmost efforts towards achieving organizational success.

Atul

Welfare means any facility provided by an organization for the physical, mental, and social well-being of the laborers.