Employee Benefits

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Summary, forum, best practices, expert tips and resources.

 

What are Employee Benefits? Meaning.


In employee compensation, 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 (65 members)


Forum about Employee Benefits  

Discussions about Employee Benefits.


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Best Practices about Employee Benefits

Here you find the most valuable discussions from the past.



Expert Tips about Employee Benefits

Here you will find advices by experts.



Information Sources about Employee Benefits

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

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This ends our Employee Benefits summary and forum.



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