Benefits

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

Temporary Employee

What is Temporary Employee?   ‘Temporary Employee’ refers to those employees who are employed for a short period of time. They are commonly referred to

Ambivert

What is Ambivert ?    An ‘Ambivert’ is an individual, who displays both introvert and extrovert characteristics. These individuals have the flexibility of changing their

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’