NOTES
Self-Instructional
Material 151
Employee Welfare,
Separation
12.5 ANSWERS TO CHECK YOUR PROGRESS
QUESTIONS
1. The Employees’ State Insurance Act was passed in 1948 to make available
various social welfare facilities available to the employees of a company
through one agency.
2. According to the Workmen’s Compensation Act, a company needs to
provide a payment of compensation to its employees and their family on the
occurrence of organizational accidents and some disease leading to the death
or any kind of disablement of the individual.
3. The Oxford Dictionary defines labour welfare as ‘efforts to make life worth
living for workmen’.
4. According to Dale Bearch, ‘grievance is any dissatisfaction or feeling of
injustice in connection with one’s employment situation that is brought to
the attention of the management.’
5. Exit interviews should be conducted with precision to know why the
employee is leaving the organization. By conducting such interviews the
organization can gauge the workers’ grievances.
6. The relationship between labour and management is based on mutual
adjustment of interests and goals. It depends upon economic, social and
psychological satisfaction of the parties.
12.6 SUMMARY
There have been various laws and acts that have been passed since
independence for the benefit of employees as well as for their safety.
The Employees’ State Insurance Act was passed in 1948 to make available
various social welfare facilities available to the employees of a company
through one agency.
The Employees’ Provident Fund Act was launched in 1952 that provides
retirement benefits to the employees of a company.
The Workmen’s Compensation Act was established by the government in
the year 1923. The main objective of this Act is to apply a commitment on
the employers to offer compensation to the employees against the accidents
that occur during the course of employment.
The Industrial Disputes Act was passed in the year 1947. This Act is related
to the termination and retrenchment of the employees by a company.
