What is Non-traditional versus Traditional Employee Benefits?
‘Non-traditional versus Traditional Employee Benefits’ is a difference between the additional benefits provided to an employee earlier versus the newer benefits.
The traditional benefits include those benefits which have been provided traditionally to employees. However, with the changing job landscape and with the advent of the millennials in the workplace, the definition of benefits have changed a lot.
The traditional benefits mostly included medical and life insurance covers, private pension covers, etc. However, the non-traditional benefits include investment options, childcare, gym memberships etc. The companies nowadays try to maintain a balance between both the kinds of benefits depending on the targeted age group of the candidate for the vacant position.