Labour Welfare and Social Security

Abstract

Labour Welfare and Social Security has got great
relevance and importance in the Public Sector, Private
Sector and Multinational Corporations. Since
Independence, India has taken to the path of rapid
industrialisation and economic growth. Consequently,
this has resulted in the rise of great number of industries,
a large workforce and a new industrial society. All these
factors have considerable bearing on the growth of the
labour welfare movement in the country. The ideal of a
Welfare State has added new dimensions to the labour
welfare philosophy. Labour Welfare plays a very vital
role in the industrial economy of any nation. The
industrial progress of any nation largely depends on a
satisfied labour force. The schemes of Labour Welfare
may be regarded as a wise investment which brings
satisfaction to employees in an organisation and paves the
way for achievement of organisational goals. In the
present era of globalisation, it is very important for
organisations to study global trends very carefully before
designing Labour Welfare and Social Security strategies
for their employees and workers. In the above
background, the article provides a brief insight into the
various aspects of Labour Welfare and Social Security in
India. The article also analyses the emerging trends in
Labour Welfare and Social Security in India and
concludes by stating that although the Government is
taking a lot of initiatives, it is a long and difficult road ahead before we can provide Labour Welfare and Social
Security to all the workers in India.