Step 1: Understanding the Concept:
Quality of Work Life (QWL) is a management philosophy that focuses on enhancing the work environment to benefit both employees and the organization. It is a humanistic approach to management.
Step 2: Detailed Explanation:
The QWL approach shifts the perspective of employees from being a cost or a factor of production to being a valuable resource. It emphasizes employee satisfaction, participation, growth, and well-being. In this context, employees are seen as contributing to the organization's success and value.
Liability, Debts, Burden: These are all negative terms implying a cost or a problem. This is contrary to the QWL philosophy.
Assets: An asset is a useful or valuable thing, person, or quality. Viewing employees as assets means recognizing their value, potential, and contribution to the organization's success. This aligns perfectly with the principles of QWL.
Step 3: Final Answer:
The QWL approach considers employees to be valuable Assets of the organization.