What are the most effective employee welfare services for promoting job satisfaction and retention?
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Employee welfare services play a crucial role in promoting job satisfaction and retention. Various services and benefits offered by employers contribute to employees' well-being. These services can include allowances, housing, medical insurance, and transportation, among others. Studies have shown that organizations that provide comprehensive welfare schemes tend to have more satisfied and motivated employees. Additionally, employee welfare initiatives not only enhance the standard of living but also improve productivity, effectiveness, and efficiency in achieving organizational goals. Furthermore, welfare policies such as high pay scales, medical benefits, child allowances, and post-employment benefits contribute significantly to employee satisfaction and retention. Overall, a combination of monetary and non-monetary welfare services tailored to employees' needs can effectively promote job satisfaction and retention.
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| Papers (5) | Insight |
|---|---|
| Employee welfare services like health insurance, flexible scheduling, and provident fund plans positively impact job satisfaction and retention in manufacturing industries, as highlighted in the research. | |
29 Oct 2020 | Medical benefits and child allowance are highlighted as the most effective welfare services for promoting job satisfaction and retention at Hema Engineering Limited. |
| The study suggests that enhancing employee welfare facilities can improve productivity and efficiency, indicating that services catering to basic needs and financial well-being are crucial for promoting job satisfaction and retention. | |
| Employee welfare services like allowances, housing, medical insurance, and food, as mentioned in the study, are effective for promoting job satisfaction and retention in organizations. | |
| Employee welfare services like health benefits, work environment improvements, and social activities are effective for promoting job satisfaction and retention, as per the study on employee welfare impact. |
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