The Welfare Schemes of the employees: A wonderful solution for the Industrial disputes

Abstract Manpower is the most important source of production. No one can just think to start the production process without manpower. For the administrative work also, the manpower is must required. Though it is the fact that most of the production is made by the help of machineries only, but to operate them the skilled manpower is required. As this is the most important tool of production, every entrepreneur should give many benefits to them. Welfare facilities of the employees must be provided by the entrepreneur in the organization era. These welfare facilities motivate the employees in such a manner that, the most of the objectives of the organization should be completed, the cost of production should be declined and the quality of the production should be improved. Regular payments, increments and bonus, Pay in Leaves, medical leaves, lodging and boarding facilities, cheap grocery shops co-operative societies and shopping malls, healthy working conditions, providing them the rest rooms, promotion facilities, clean toilets and washrooms, rest rooms for the employees, loan facilities in minimum rate of interests etc. are some of the welfare facilities which has to give by the entrepreneurs. For the successful organization manpower is the most important aspect. So it is necessary to make them happy by giving them all type of security in working. It creates faith of the employees on the organization in which they are working. It is a tool to develop the co-ordination between top management and their subordinates which helps to solve the industrial conflicts and to create the industrial peace in the organization. That’s why it is necessary to know the more importance of welfare facilities.