Labour Welfare Fund Act | Statutory Compliance | HR Tutorials India | Labour Welfare | Labour Acts

Описание: Hey Friends, in this video we will discuss in detail about the Labour Welfare Fund Act. Watch the video till the end to find out the full details. Stay connected to "HR Tutorials India" for more interesting videos.

What is Labour Welfare Fund Act?
The Labour Welfare Fund Act is designed to provide welfare benefits to workers and laborers in India. The Act mandates the establishment of a fund by contributions from employers, employees, and in some cases, the government.
This fund is then used to promote welfare measures for employees such as housing, healthcare, education, and recreational facilities. The Act applies to specific states in India, with each state having its own rules and guidelines for managing the welfare fund.

Objectives of Labour Welfare Fund Act:
The primary objectives of the Labour Welfare Fund Act include:
Worker Welfare: To promote the welfare of employees by providing social security benefits such as housing, medical care, education, and maternity benefits.
Employment Standards: To improve working conditions and ensure the health and safety of workers.
Financial Security: To provide financial support during times of need, including accidents, illness, and other emergencies.
Promotion of Equality: To ensure fair distribution of benefits among employees and reduce inequalities within the workforce.

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