CSR and Employee: Relationship & Satisfaction

Abstract

In todays competitive environment, corporate social responsibility(CSR) represents a high profile notion. Corporate Social Responsibility (CSR), a term widely use for defining the responsibilities of Corporate towards the society & environment. Although the term is not new in this Corporate world but its scope & meaning has undergone major changes from treating it as a mere charity in comparison with the responsibilities/duties of the Corporate towards its own employees. Employees are primary stakeholders who directly contribute to the success of the company, understanding employee reactions to corporate social responsibility may help answer lingering questions about the potential effects of corporate social responsibility on firms as well as illuminate some of the processes responsible for them. In order to encourage more entities to participate in the process of development of the society via- CSR, the Government of India has actually implemented the concept of CSR in the new Companies Act 2013, On 27th February, 2014, the Government of India has notified the rules for CSR spending u/s 135 of the New Companies Act 2013 along with Companies (Corporate Social Responsibility Policy) Rules, 2014 effective from 1st April 2014. New Corporate Social Responsibility (CSR) guidelines have a special focus on employee rights and welfare. Current paper will focus on various factors of CSR and their effect on employee satisfaction.

Keywords: N.A.

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