Definition of «employee benefits»

Employee benefits refer to a variety of programs and perks offered by an employer to their employees, beyond their regular salary or wages. These may include health insurance, retirement plans, paid time off, flexible schedules, tuition reimbursement, and other types of compensation or services that can improve the overall well-being and quality of life for employees. The goal is to attract and retain talented workers by providing additional incentives beyond just their paychecks. Employee benefits are an important aspect of total compensation packages and can play a significant role in job satisfaction, morale, and productivity.

Sentences with «employee benefits»

  • A comprehensive group employee benefits plan can help attract employees in a city with a low 5.5 percent employment rate. (trustedchoice.com)
  • A Trusted Choice member agent can also help you find group employee benefits insurance for your company. (trustedchoice.com)
  • They are not entitled to participate in traditional employee benefits or other benefits prescribed under employment standards legislation. (marsdd.com)
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