RETIREMENT BENEFITS AND OTHER WELFARE MEASURES  TO  BUILD  EMPLOYEE  COMMITMENT     

Generally Industrial life breaks joint family system. The saving capability of the employees is very low due to high living cost, lower wages, and enhancing aspirations of the employees and his family members. As such, employers provide some of the benefits to the workforce, after retirement and during old age, with a view to generate a feeling of security regarding the old age. These benefits are called upon old age & retirement benefits. These benefits include

(a) provident fund,

(b) deposit linked insurance,

(c) pension

(d) medical benefit

(e) gratuity.