Employee Benefits

Employee benefits refer to various non-wage compensations provided to employees in addition to their regular salaries or wages. These benefits can include health insurance, retirement plans, paid time off, bonuses, and other perks that enhance the overall compensation package. The primary purpose of employee benefits is to support employee well-being, improve job satisfaction, and attract and retain talent within an organization. Benefits can vary widely between employers and may be influenced by factors such as industry standards, company size, and regional regulations. Employee benefits play a crucial role in workforce management, promoting a positive work environment and fostering employee loyalty.