Current Trends in Employee Welfare Schemes in Udaipur Retail Sector

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Current Trends in Employee Welfare Schemes in Udaipur Retail Sector

Journal Title: International Journal of Scientific Research and Reviews - Year 2013, Vol 2, Issue 2

Abstract

This paper aims at providing information about the employee welfare schemes prevalent in retail stores in Udaipur region. Employee welfare includes monitoring of working conditions, creation of industrial harmony through infrastructure for health,industrial relations and insurance against disease, accident and unemployment for the workers and their families. Labor welfare entails all those activities of employer which are directed towards providing the employees with certain facilities and services in addition to wages or salaries. The welfare measures need not be in monetary terms only but in any kind/forms. Through such generous fringe benefits the employer makes life worth living for employees The purpose of providing such facilities is to make their work life better and also to raise their standard of living. Welfare helps in keeping the morale and motivation of the employees high so as to retain the employees for longer duration. In India the vast middle class and its almost untapped retail industry are the key attractive forces for global retail giants wanting to enter into newer markets, which in turn will help the India Retail Industry to grow faster. The Indian retail scene has witnessed too many players in too short a time, crowding several categories without looking at their core competencies, or having a well thought out branding strategy. Companies invest a lot in hiring people. This makes employee retention an important part of any HR strategy. The difficulty is in finding the right balance in any approach. Money excites freshers whereas experienced staff looks for stability and growth.

Authors and Affiliations

Mohan Reenu , Panwar J S

Keywords

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EP ID EP152089
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