The Measurement of Employee Welfare and Its Effects on the Output Level

Author:

Karapınar Kocağ Esra1ORCID

Affiliation:

1. Gümüşhane University, Turkey

Abstract

Welfare, in general, refers to both economic and social prosperity of individuals. From an economic point of view, individuals are very important actors of the labour market in the production process. This chapter focuses on employees and attempts to offer a valuable insight into the concept of welfare, its measurement, and its potential impact on the national product. Measuring welfare is not straightforward due to its multidimensional concept. The purpose of this chapter is to provide a way of measurement of employee welfare through an index that combines selected welfare components of employees. In the process of building that index, principal component analysis (PCA) was applied. Preserving variability and reducing dimensionality, this method is a very functional tool to represent multidimensional variables such as welfare in this case. Eurostat data for the period of 2008-2018 were utilized to explain the impact of employee welfare on the GDP per capita for 32 European countries. Findings revealed that employee welfare is a significant indicator of the national product.

Publisher

IGI Global

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3