HilmyHRM

  Introduction As a developing nation, Sri Lanka continues to have an impact on all element of the lives of majority of its average citizens, including their quality of life, lifestyle, education, health, and retirement plans decided based on the income from employment. In both government and private sector organizations in Sri Lanka, strengthening welfare facilities for employees is essential for their performance.     Welfare benefits provided by Sri Lankan organizations Sri Lankan companies, provide welfare benefits to their employees can be categorized such as statutory and non-statutory.  (a) Statutory Benefits: Employees' Provident Fund (EPF) & Employees' Trust Fund (ETF): Generally, EPF is governed by the EPF Act of 1958 (currently amended). Under this act, Employers and employees contribute 12 % and 8% of the monthly gross salary respectively)...

  Introduction Establishing an inclusive work environment that values and capitalizes on individual differences, promoting equality, and ensuring equal chances for all. Whereas people with different backgrounds, colors, ethnicities, genders, ages, sexual orientations, and disabilities are all considered diverse.   Diversity management encompasses various aspects of HRM, including recruitment, hiring, training, performance management, and promotion.  Diversity management includes recruitment, hiring, training, performance management, and promotion of human resource management dimensions.   Benefits of managing diversity Higher financial performance According to (Prpic, Nika, 2022) the company’s financial performance significantly increases by having diverse teams on board. Innovation & Creativity A diverse workforce improves innovation by bringing together a wide range of individuals who have different perspectives, experiences, abilities, and insights ...