Which among the following are theories of Labour Welfare? (1) Theory of Adequacy of wages (2)…
Among the seven classic theories of labour welfare (Policing, Religious, Philanthropic, Trusteeship/Paternalistic, Placating, Public Relations, and Functional/Efficiency),…
Choose your answer
Which among the following are theories of Labour Welfare?
(1) Theory of Adequacy of wages
(2) Philanthropic theory
(3) Trusteeship theory
(4) Theory of Efficiency
(5) Theory of Responsibility
Answer and explanation
Correct answer C
Among the seven classic theories of labour welfare (Policing, Religious, Philanthropic, Trusteeship/Paternalistic, Placating, Public Relations, and Functional/Efficiency), Philanthropic Theory (2) and Trusteeship Theory (3) (along with Efficiency Theory) are standard theories of labour welfare, with '2 and 3 only' being the valid pair among the given options.
Practice for these exams
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UGC NET HRM / Labour Welfare and Industrial Relations