Employee Benefits

Knowledge Center

   

Description of Employee Benefits. Explanation.

Contents

  1. Summary
  2. Forum
  3. Best Practices
  4. Expert Tips
  5. Resources
  6. Print
 

Definition Employee Benefits. Description.


Employee Benefits are the non-wage part of remuneration consisting of a broad range of special payments or benefits in kind. Typical Employee Benefits are:

  • Insurance.

    • Sickness / Medical.

    • Dental.

    • Life.

  • Pension / Retirement benefits.

  • Income protection / Social Security.

  • Maternity Pay / Daycare / Child care.

  • Profit sharing / Employee Stock Ownership Plan / Employee Stock Options

  • Holiday / vacation.

  • Relocation assistance / benefits.

  • Golden Handshake / Golden Parachute / Golden Hello.

  • Legal assistance.

  • Company car.

  • Company computer / internet access.

  • Company mobile phone, PDA.

  • Membership of sport and health clubs / Leisure activities during work time.

  • Education / Personal development.

  • Staff discounts.

  • Industry-related benefits, such as special mortgage rates (banks).

Also called Fringe Benefits.


Historically, many of these benefits were negotiated by unions through Collective Bargaining. Lately, there is a tendency away from these generic benefits to more individual or Flexible Benefits, where the employees have an element of choice over the particular benefits they will receive. A special form of flexible benefits is the Cafetaria Benefits Model, wherein employees can choose and buy benefits that suit their specific wishes, spending a sum of money or points.


Employee Benefits Forum
  Equalizing Wage Differentials
A compensating differential, which is also called a compensating wage differential or an equalizing difference, is defined as the additional amount of income that a given worker must be offered in order to motivate her to accept ...
     
 
  More Direct Compensation
If employees undervalue the cost of benefits, why should a company not drop benefits and simply add more direct compensation? Do you agree or disagree with this statement?...
     
 
  Reward Strategy Consultant
We are looking for a reward consultant to help us develop and deliver reward strategy seminars to a senior HR public audience. Is there anyone who would like to join us as an associate or to deliver these seminars?...
     
 

Employee Benefits Special Interest Group


Special Interest Group

 

Best Practices - Employee Benefits Premium

Expert Tips - Employee Benefits Premium

Resources - Employee Benefits Premium

Employment Benefits in Detail

Detailed presentation about Employee Benefits (EB), that includes the following sections:
1. Employee Benefits Programs
2. Growth of Benefit...
Usage (application): Employment Benefits, Social Security, Employee Benefits Program
 

Voluntary Activities of Employees | Employee Volunteerism

Presentation about employee volunteerism, including the following sections:
1. What is employee volunteerism
2. Employee volunteerism is gro...
Usage (application): Employee Motivation, Employee Volunteerism, Employee Commitment, Shared Value, CSR, Corporate Reputation
 
 

News

Employee Benefits
     
 

Videos

Employee Benefits
     
 

Presentations

Employee Benefits
     
 

More

Employee Benefits
     

Compare with: Incentives  |  Management by Objectives  |  CSFs and KPIs

Special Interest Group Leader

You here


 

Return to Management Hub: Human Resources


More on Management  |  Return to Management Dictionary  | 

 

This ends our Employee Benefits summary and forum.

About 12manage | Advertising | Link to us | Privacy | Terms of Service
Copyright 2016 12manage - The Executive Fast Track. V14.1 - Last updated: 4-12-2016. All names tm by their owners.