A Study on the Impact of Employee Welfare Programs on Employee's Performance in an Oil and Gas Company in Sultanate of Oman

Abstract

Employers use Employee welfare programs to supplement the cash rewards, to safeguard the employee from financial risks. For the holistic growth of corporate industrial relations, employee welfare schemes are essential. Examples include retirement plans, child care, elder care, hospitalization programs, social security, vacation, and paid holidays. The purpose of employee welfare schemes is to increase the economic security of the staff members, and improve worker retention across the organization. The main aim of this research is to study the impact of the employee welfare programs on employee performance in an oil and gas company. Limited literature as well as previous research is available on employee welfare and its impact on employee performance. This study will be mainly focused on assessing the significance of employee welfare initiatives and how those initiatives influence employee satisfaction and their motivation which will help in enhancing their overall performance. As the research adopts descriptive design, mixed methodology shall be adopted wherein data shall be collected using questionnaire as well as personal interviews with key informants. As for the primary sources it will be mainly from the interview and questionnaire that will be conducted online and sent through email. The secondary sources will be from relevant journal articles and blogs, websites and so. Convenience sampling technique shall be adopted to identify the respondents. Also, identifying the impact of employee welfare programs or initiatives on employee performance and studying the barriers that might occur within welfare initiatives of the company.