Great enterprises, referents in the corporate world, claim in their public webpages to be engaging in working not only for themselves but also for a better world. The dairy giant Arla states in their annual CSR report that they have a sound foundation to build on when it comes to sustainability and corporate responsibility. This may be explained by the fact that CSR is not only an ethical Pressures and challenges Failing to foster CSR practices could harm the well-being of the people and natural resources interacting with the company.
Public service programmes are usually financed directly by the Government from its general revenue in the form of cash payments or services to every member of the community falling within a defined category.
Social Security in India: Although social security measures had been introduced in many countries decades ago, in India they were introduced only after the independence. It was partly due to lack of official sympathy and the comparative weakness of the trade unions in pressing their demand for such measures.
After independence, India declared itself a welfare state under the constitution and as such several social security measures were introduced. Social security is an important step towards the goal of welfare state.
Many State Governments have introduced old age schemes and other types of social assistance benefits. Several laws have been enacted since independence in the country to provide for social security to the workers.
Some of the important social security laws are given below: This Act, marked the beginning of social security system in India.
The main object of this Act is to impose upon the employers an obligation to pay compensation to workers for accidents arising out of and in the course of employment.
It also helps to reduce the number of accidents, to give workers greater freedom from anxiety and to make industry more attractive to workers. The Act has been amended several times. The last amendment was made in The Act applies to all permanent employees employed in railways, factories, mines, plantations, mechanically propelled vehicles, construction work and certain other hazardous operations.
The State Governments administer this Act and are empowered to extend the application of this Act to other classes of persons or diseases not covered by the Act. The State Governments have appointed labour compensation commissioners for the settlement of disputed cases.
Under this Act, the employer is liable to pay, the compensation in case of personal injury caused by accident arising out of and in the course of employment. No compensation is, however, payable if the incapacity does not last for more than 3 days or if it is caused by the default of the worker, not resulting in death.
Besides, body injuries, compensation is also payable in the case of certain occupational diseases as given in schedule III.
The amount of compensation payable depends upon the nature of injury and the average monthly wages of the worker concerned. For this purpose injury has been divided under three categories:Hrm Compensation and Benefits Plan Essay hrm compensation and benefits plan Compensation and Benefits Plan HRM/ Compensation and Benefits Plan for a Daycare Teacher Compensation and benefits plans are a .
This essay will focus on the benefits that an effective Human Resource Management strategy can bring to any firm.
Basically it will improve the performance of an organization by linking HRM to the strategic aims of a firm, helps to assess HR policies, will bring competitive advantage, brings team-building, helps direct and supervise the . Compensation is the benefits from the employer to the employees for achieving the company’s objectives.
According to the author of Managing Human Resources, compensation includes direct cash payments, indirect payments in the form of employee benefits, and incentives to motivate employees to strive for higher levels of productivity . Human Resource Management (HRM) refers to a strategic and coherent approach which involves the management of manpower, the main asset, in an organization.
It involves the maximization of the organizational effectiveness through the management of the human potential such as their capabilities, talents and time. Employee benefits news and trends from The Society for Human Resource Management (SHRM).
The Role of Human Resource Management Essay. Human resource management (HRM) can be described as a function within a firm that is concern with recruitment, management and provision of direction for individuals working in the firm.