1. Introduction to Social Security
Spirit of HR.in

2. SOCIAL SECURITY Investment which will fetch good returns in long run.
It will cover some risks and contingencies which a person cant afford from the limited resources
Security that protects against the risks
Social Justice & Equality
Eg: Protection Against Industrial Accidents

3. Improve Quality of Life Induce Confidence in them
SOCIAL SECURITY – WHY???
Improve Quality of Life
Induce Confidence in them
Motivates the employees
Benefit in long run
Provide social and economic justice
Manage the goodwill

4. Social Security – How???
SOCIAL INSURANCE
SOCIAL ASSISTANCE

5. SOCIAL INSURANCE
Concept of GROUP CONTRIBUTION by both employees & employer
Giving return in contribution
Cover the risks & contingencies which an employee faces
ESI Act
Maternity Benefit Act
Provident Fund Act
Gratuity Act
Workmen compensation Act

6. SUPPORT BY THE STATE( GOVT) towards the employees
SOCIAL ASSISTANCE
SUPPORT BY THE STATE( GOVT) towards the employees
Financed by the state

7. Features of Social Security
Enhance the moral of the employees
Covers a wide range of welfare services and health security
Measures should ensure protection against common risks of employment
Provide monetary benefits to the employees
Help the employees during contingencies such as work injury, industrial diseases, old age, widowhood, orphanhood etc.

8. Characteristics/ Features of Social Security
Equity
Justice
Risk Coverage
Acceptable
Lawful
Attractive

9. AGENCIES ENGAGED in Welfare and Security
Employers – TA, HRA, LTA
Central Govt – PF & GRATUITY
State Govt - ESI
Trade Unions – Better Working conditions, Wage Hikes
Charitable organisations – Medical, Legal & Educational Help

10. Thank You
Spirit of HR.in