What is the importance of employee welfare?

The term "employee welfare" refers to the perks or benefits that a company offers its employees in addition to their normal pay or compensation. The primary goal of providing employee benefits is to help employees grow as people so that they can be better employees.

The most noticeable benefits of employee welfare are employee motivation and the retention of talented individuals within the company. Welfare programs help the organization's workforce become productive, wholesome, devoted, and satisfied.

 

Learn the 4 ways: how to improve employee welfare.