What is Benefits ?

‘Benefits’ or ‘Benefits Package’ refer to the additional compensation an employee gets apart from the salary. These benefits might be either required by law or provided by the employer voluntarily to appease the employees.

While benefits make a job more attractive to a candidate, it also motivates existing employees to work harder. The overall benefits would be based on multiple factors like tenure and seniority of the employee, etc.

Similarly, the benefits vary a lot ranging from stipulated benefits like medical insurance, pension fund contribution, dental and vision-related benefits to lavish benefits like paid vacations, free childcare, gym memberships, etc.

More HR Terms

Narcissistic Leadership

What is Narcissistic Leadership?   ‘Narcissistic Leadership’ refers to a kind of leadership wherein the leader is only concerned with their own goals and social


What is Scalability ?    ‘Scalability’ is the ability to scale or grow as per the requirements of the growth of the company. Scalability might

Minority Business Enterprise

What is Minority Business Enterprise?   ‘Minority Business Enterprise’ is an American title conferred upon a company that is owned at least 51% and managed

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