The question asks for another name for the functional theory of labour welfare. Let's break down this theory and see why one of the options is the correct alternative name.
The functional theory of labour welfare views welfare activities primarily through the lens of their contribution to the efficiency and productivity of workers. This perspective suggests that providing certain welfare measures is beneficial not just for the employees' well-being, but also for the overall functioning and success of the organization.
Key aspects of this theory include:
Because the primary emphasis of the functional theory is on how labour welfare activities enhance the efficiency and productivity of the workforce, it is commonly referred to as the efficiency theory. The core idea is that healthy, satisfied, and well-provided-for workers are more efficient and contribute more effectively to the organization's objectives.
Let's look at why the other options are not the best fit:
Therefore, the functional theory of labour welfare is also known as the efficiency theory because it highlights the direct link between employee welfare and improved operational efficiency.
Given below are two statements:
Statements I: Employers use human resource management activities to help employees realize their full career potential.
Statements II: Employers do this just because they gain by making better utilization of employees potential.
In the light of the above statements, choose the most appropriate answer from the options given below:
Which one of the following is the sequence of selection?
Human Resource selection is concerned with
Human Resource (HR) procedures provide for an important element of consistency in which managerial perspective?
The system that provides an organization with sophisticated planning and control business partners and customers is functionalities, greater connectivity to its suppliers, described as