Employee benefits are non-wage compensations provided to employees in addition to their regular salaries or wages. These benefits are designed to enhance the overall compensation package and can include a variety of perks and incentives
Common types of employee benefits include:
1.
Health Insurance: Coverage for medical, dental, and vision care.
2.
Retirement Plans: Options like 401(k) plans or pensions to help employees save for retirement.
3.
Paid Time Off (PTO): Vacation days, sick leave, and holidays.
4.
Life and Disability Insurance: Financial protection in case of death or disability.
5.
Flexible Work Arrangements: Options like remote work or flexible hours.
6.
Wellness Programs: Initiatives to promote physical and mental health.
7. Educational Assistance: Tuition reimbursement or professional development opportunities
These benefits help attract and retain top talent, improve employee satisfaction, and boost productivity
