CHAPTER ONE
INTRODUCTION
1.0 BACKGROUND OF THE STUDY
This research seeks to examine and determine the relationship between employees’ welfare management and measurement of company performance. It will also evaluate the impact of employee welfare on what an organization achieves.
Employee welfare has become an issue for stakeholders at work place. Employee demand better and safety working conditions to help them satisfy their individual needs while employee desire higher efficiency at a reduced cost. This differing view drives the desire for this research. This project would conclude by making or suggesting possible ways of improving company performance through efficient welfare services.
The central thesis of this research is how the organization evaluate and measure the value added to the business result through efficient employee welfare management. Today’s global business climate is marked by extreme geopolitical and economic uncertainties. The need to remain competitive and to be the leader in the industry, have induced businesses to ensuring that their employees are able to respond effectively to feedbacks at marked place. These businesses are under extreme pressure to increase revenue and grow, while decreasing costs, optimizing resources utilization and tightening corporate governance. Organizations know they must adapt their business and it system to survive, innovate and grow. And, behind it all, executives remain firmly convinced that people are their most important asset.