BENEFITS
Benefits
Benefits are the non-wage compensations and incentives that employers provide to their employees in addition to their regular pay or wages. Employees general well-being, job satisfaction, and quality of life improve as a result of the perks. Benefits are an important component of a whole compensation package since they help to attract and retain talent.
Types of Benefits
- Health Benefits include health insurance, dental coverage, vision care, and wellness programs.
- Retirement Benefits include pension plans, 401(k) plans, and other retirement savings options.
- Vacation days, sick leave, and various sorts of paid or unpaid time off.
- Insurance Benefits like life insurance, disability insurance, and other forms of coverage.
- Financial Benefits like bonuses, profit-sharing, and stock options.
- Work-Life Balance, flexible work hours, telecommuting opportunities, and family support programs.