Employee welfare has been the center of research in human resource management. This paper examines the effects of welfare measures on employees job satisfaction using data from 153 participants randomly selected from leather products manufacturing enterprises in Ethiopia. The analysis of the descriptive statistics revealed that the respondents showed their moderate satisfaction on both intramural welfare measures (M=2.7338 with SD=.59573) and extramural welfare measures (M=3.1470 with SD=.61121). Regarding job satisfaction also they have shown their moderate satisfaction both in intrinsic (M=2.9714 with SD.66804) and extrinsic (M=2.7995 with SD=.71129) as job satisfaction measures. The correlation analysis results have shown that intramural (r=.176) and extramural (r=.133) employee welfare measures had a weak but positive relationship with job satisfaction. The explanatory power of employees welfare measures, as shown by R square is 13.0% (R=.13), indicating that 87% of the variation in employees job satisfaction is explained by factors other than welfare measures. From the analysis of the study it can be concluded that lesser attention was given for employee welfare measures by enterprises as considered for the present study. Given the limited number of studies on this topic in the context of Ethiopia, this study may be a herald for a much rigorous study.