HR Glossary

What is LWF - Labour Welfare Fund?

A state-administered welfare fund in India financed by small contributions from employees, employers, and (in some states) the government, used to provide housing, education, recreation, and other welfare activities for workers.

Why it matters in hiring

LWF - Labour Welfare Fund comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with L

• Labor Law
• Lateral Hiring
• Leadership Development Program
• Learning Management System (LMS)
• Learning Pathway
• Life Insurance
• Living Wage
• Lohnsteuer - Wage Tax (Germany)

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