Employee Benefits

Knowledge Center

   

Description of Employee Benefits. Explanation.

 

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 Special Interest Group


Special Interest Group (70 members)


Employee Benefits Forum  

In the forum section you will find recent discussions within this knowledge area.


  Equalizing Wage Differentials (1 reactions)
A compensating differential, which is also called a <...
 
 
 
 
  More Direct Compensation (1 reactions)
If employees undervalue the cost of benefits, why should a c...
 
 
 
 
  Reward Strategy Consultant (0 reactions)
We are looking for a reward consultant to help us develop an...
 
 
 
 

Best Practices - Employee Benefits

In the best practices section you will find the best forum discussions within this knowledge area.



Expert Tips - Employee Benefits

In the expert tips section you will find advices from experts within this knowledge area.



Resources - Employee Benefits

In the Resources section you will find powerpoint presentations, micro-learning videos, articles, news items, etc. within this knowledge area.


Employment Benefits in Detail

Employment Benefits, Social Security, Employee Benefits Program...
 

Voluntary Activities of Employees | Employee Volunteerism

Employee Motivation, Employee Volunteerism, Employee Commitment, Shared Value, CSR, Corporate Reputation...
 
 

News about Employee Benefits


     
 

Videos about Employee Benefits


     
 

Presentations about Employee Benefits


     
 

Books about Employee Benefits


     
 

More about Employee Benefits


     

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

Special Interest Group Leader

You here? Sign up for free


 
 

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 / Cite us | Privacy | Suggestions | Terms of Service
2019 12manage - The Executive Fast Track. V15.0 - Last updated: 23-4-2019. All names of their owners.