The role of social security schemes in promoting workers' welfare is analyzed from "summary" of Industrial Relations and Labour Laws, 6th Edition by S.C. Srivastava
Social security schemes play a crucial role in promoting the welfare of workers in any country. These schemes are designed to provide financial assistance to workers in times of need, such as illness, disability, or old age. By ensuring that workers have access to a safety net, social security schemes help to protect them from economic hardship and reduce the risk of poverty. In many countries, social security schemes are funded through contributions from both employers and employees. These contributions are used to finance benefits such as healthcare, unemployment insurance, and pensions. By pooling resources in this way, social security schemes are able to provide a level of protection that would be difficult for individuals to achiev...
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