Definition: Benefits are the employee benefits that are provided by employers in addition to salary. Employers are required by law to provide some types of employee benefits, including minimum wage, overtime, leave under the Family Medical Leave Act, unemployment compensation benefits, and workers compensation.
Other benefits may include medical, disability, and life insurance, paid vacations, company holidays, personal days, sick leave, other time off from work, medical insurance, retirement and pension plan contributions, tuition assistance for employees and/or their families, child care assistance, stock options, discounts on company products and services, and other benefits and perks that are provided by companies in addition to the employee's salary.
Employee Benefits Articles and Advice
Also Known As: employee benefits,employer provided benefits
