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ABSTRACT
Employee welfare facilities enable workers to live a richer and more satisfactory life. After employees have been hired, trained and remunerated they need to be retained and maintained to serve the organization better. Welfare facilities are designed to take care of the wellbeing of the employees, they do not generally result in any monetary benefits to the employees nor are these facilities provided by employers alone, government and non-govemmental agencies and trade unions too contribute towards employee's benefits. This study determines the factors influencing the employee satisfaction in an organization and hence investigates the influence of welfare schemes on an employee. Survey based questionnaire design with empirical test was carried out. The results have supported the hypothesis.
Keywords: Monetary benefits, welfare schemes, employee satisfaction, trade unions.
INTRODUCTION
Every individual has certain needs and motives which he/she wants to fulfill .Any job which fulfills their needs and motives give him satisfaction. There are some situational factors responsible for job satisfaction .The important causes of job satisfaction are wage incentive systems, the work environment, length of working hours ,behavior of the supervisor, security, scope for promotion and recognition of merit. Besides proper evaluation of work, impartial behavior and social relationship with co-workers etc; are also contributory factors.The term welfare suggests many ideas, meanings and connotations, such as the state of well-being, health, happiness, prosperity and the development of human resources.
As a total concept of welfare, it is a desirable state of existence involving physical, mental, moral and emotional well-being.The social concept of welfare implies the welfare of man, his family, and his community.Welfare is called a relative concept, for it is related to time and space. Changes in it have an impact on the system of welfare as well.Welfare is also a positive concept. In order to establish a minimum level of welfare, it demands certain minimum acceptable conditions of existence, biologically and socially.
The employee welfare schemes can be classified into two categories viz. statutory and non-statutory welfare schemes. The statutory schemes are those schemes that are compulsory to provide by an organization as compliance to the laws governing employee health and safety.
These include provisions provided in industrial acts like Factories Act 1948, Dock Workers Act (safety, health and welfare) 1986, Mines...