Final answer:
Organizations may offer staff welfare facilities such as health care benefits and pensions to ensure employee well-being. These measures are part of welfare Capitalism and help promote general welfare by supporting employees in their healthcare needs and future retirement.
Step-by-step explanation:
Organizations may provide various types of staff welfare facilities to ensure the well-being of their employees. Two examples of such facilities are:
- Health care benefits: Many organizations offer comprehensive health care packages that may include medical, dental, and vision insurance. This helps ensure that employees have access to necessary health services without the burden of significant personal expense.
- Pensions: Employers may provide pension plans to offer employees financial security upon retirement. A pension plan is a type of retirement plan where an employer contributes to a pool of funds set aside for an employee's future benefit. The funds are invested on the employee's behalf, and the earnings on the investments generate income to the worker upon retirement.
In the broader context, these practices are part of welfare Capitalism, where private employers voluntarily provide welfare services to their workers.
Implementing such welfare measures can also be seen as part of the general strategy to promote general welfare in the workplace by making sure employees are supported both in their current roles and in their future retirement. The benefit to the organization includes increased employee satisfaction, reduced turnover, and potentially reducing the likelihood of labor activism.