Welfare Facilities and its impact on Short Term Human Resource Policies: A Study of SME with reference to Industrial Relations and Organization Development

Welfare facilities, Industrial Relations, Organization Development, Employee motivation, Employee satisfaction, Industrial growth, Industrial peace.

To established better industrial relations, organization is providing welfare facilities to employees.  The main aim to provide monetary and non-monetary benefits to employees.   These welfare benefits keep employee motivated at work and delivered the desired output to the company.  It can go beyond the target output.  This is possible only by keeping employees satisfied at work.   Organization formulated the different welfare facilities to meet the need of employees.  These benefits require to change over a period of time to meet the ever changing requirement of employees and business environment.  Organization has to keep themselves ahead to identifying the expectations of employees. Organization implemented the short term policies to meet the demands of employees.  This will provide an edge to organization retain the quality workforce.  These short term policies ensure the development of healthy industrial relations.  The motivated workforce delivers the output as per the expectations of organization, which promotes the organization development. Study focuses on short term welfare facilities and linking to industrial relations and organization development.

Purpose

Purpose of study to identify the relationship of short term welfare policies with industrial relations and organization development.

Design / Methodology / Opportunities

Primary data collection method was adopted to collect the responses from SME related with automobile industries.  Respondents are employees, trade union leaders and management representatives.

Findings

Short term welfare facilities have an impact on industrial relations and organization development.  This will have an impact on industrial peace and growth.

Research Limitations

Data has been collected from 14 nos. of SME located in MIDC, PCMC, Pune, Maharashtra, India area.

Practical Implications

Short term human resource policies designed in an appropriate way as it has direct impact on organizational development and industrial relations.

Originality / Values

Study has identified the linkage between organization development and industrial relations for the betterment of organizations.