This is in reference to discussions regarding designing a Welfare Policy for employees in order to promote loyalty and sense of belonging as well as an effective tool towards Employee retention. Welfare of employee is a very vast subject and its significance to a big or small enterprise assumes a vital role keeping in view the high attrition. This has to strike a fine balance between available resources and perceived notion of effective welfare measures. It has been observed by experience that any welfare measure loses its charm among the employees shortly after implementation. In my opinion thrust should be given to building a employee friendly work culture and office environment. In HR world, it is said that people do not leave jobs, they leave bosses. Therefore, along with implementation of welfare measures we need to also address the issue with seniors for effective mentoring, job rotation and delegation. This is one aspect that need to be addressed. Here are few welfare measures suggested for your consideration which can be introduced progressively :-
a) Personal accident Insurance.
b) Transportation to and fro office.
c) Interest free loans to junior employees.
d) Periodic get gather with employees with families.
e) Casual dress on Mondays or Fridays.
f) Medi claim.
g) Routine health check at company expense.
h) Best attendance Award.
i) Introducing Employee referral system.
Best Regards,
BS Rana