Importance Of The Welfare Facilities In The Workplace: Issues In Perspectives
Importance Of The Welfare Facilities In The Workplace: Issues In Perspectives
Author(s): Olufunmilayo F. Odeku, Kola O. OdekuSubject(s): Labor relations, Welfare systems, Organizational Psychology, Welfare services
Published by: Naučno društvo za promociju i unapređenje društvenih nauka AKROASIS
Keywords: Welfare schemes; Benefits; Workers; Implementation; Consequences for failure;
Summary/Abstract: Welfare facilities and services for employees are increasingly becoming important in organisations. Employees are a major determinant of the success of any organisation, therefore, a company’s success is not only measured by the margins and profits it declares, but also by the state of well-being of the workers. This article looks at the importance of welfare facilities and services to the workforce and the need for an organisation to ensure they provide statutory welfare schemes and non-statutory welfare schemes for their employees. The article accentuates the importance of implementation of welfare schemes and the consequences for failure of implementation.
Journal: Socioeconomica - Naučni časopis za teoriju i praksu društveno-ekonomskog razvoja
- Issue Year: 4/2015
- Issue No: 7
- Page Range: 23-34
- Page Count: 12
- Language: English
